ReACT is the latest CIF study that was launched at a global event on March 30, co-hosted by the Federal Ministry of Economic Cooperation and Development (BMZ, Germany), CIF, and the Powering Past Coal Alliance (PPCA). High-level stakeholders from the private and public sectors; donor and recipient countries; multilateral development banks (MDBs), a...

To ensure a 1.5˚C future, we must transition away from coal. But, in 2022, coal emissions grew by 243 Mt to an all-time high of 15.5 Gt, increasing faster than the annual average growth over the past decade. Why are we not on track? Several complex challenges hinder the pace of the transition so far. In developing countries, there are two major ch...

The Climate Investment Funds (CIF) brings to COP27 nearly 15 years of experience in supporting energy transition in developing countries. Three of CIF’s energy experts discuss the state of play in this transition, explore what CIF has learned over its years in operation, and reveal how climate finance is driving the transition to cleaner energy: ...

The governing board of the Climate Investment Funds has opened the door for South Africa and Indonesia to receive $500 million each for a just transition from coal to clean. The decision intends to equip each country with access to $500 million in concessional, risk-bearing capital from CIF’s Accelerating Coal Transition (CIF ACT) investment prog...

WASHINGTON—The governing board of the Climate Investment Funds, one of the world’s largest multilateral funds for climate action in developing countries, endorsed new investment plans set to allocate $1 billion for a just transition from coal to clean power in South Africa and Indonesia. The decision intends to equip each country with access to...

A $950 million U.S. Government loan to the Clean Technology Fund marks a major step forward in accelerating the transition to sustainable energy in developing economies. This week, the United States government announced that it would be increasing its commitment to meeting the challenges of climate change through a $950 million loan to the Climate ...

For the first time in history, G7 leaders recognize coal power generation as the single biggest cause of greenhouse gas emissions, and that left unbated, it is incompatible with achieving 1.5oC aligned decarbonization. In response, commitments were made to move the G7 countries swiftly and justly away from coal in line with their 2030 NDC agreement...

WASHINGTON, DC—Today, the Climate Investment Funds (CIF) launched the nearly $2.5 billion Accelerating Coal Transition (ACT) investment program, a first-ever effort to advance a just transition from coal power to clean energy in emerging economies. South Africa, India, Indonesia, and the Philippines, representing over 15% of coal-related emission...

Unveiled today, the CIF’s Accelerating Coal Transition (ACT) and the Renewable Energy Integration Program (REI) Coal combustion is costly for climate, the economy, and public health. It’s the single-largest source of global temperature increase and contributes to air pollution causing +4 million deaths annually. What’s more, thousands of coal...