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...

Climate finance can be instrumental in achieving wider social and economic development impacts. This emerged from a new, independent evaluation commissioned by the Climate Investment Funds (CIF) to assess and analyze the broader development impacts it can derive from its interventions. The report, Evaluation of the Development Impacts from CIF’s ...

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...

WASHINGTON—The governing board of the Climate Investment Funds (CIF) endorsed a wide-ranging investment plan to fast-track the transformation of Colombia’s energy system and help enable its grid system to absorb and channel more clean power.A first-of-its-kind investment in South America, the decision provides Colombia with access to $70 millio...

As the world looks to a new year of climate action, all eyes turn to the United Arab Emirates, where the UNFCCC Climate Change Conference (COP28) will take place in December. One of the largest climate finance mechanisms in the world, the Climate Investments Funds was in the region to attend the Abu Dhabi Sustainability Week. CEO Mafalda Duarte’s...

The Climate Investment Funds (CIF) created the Dedicated Grant Mechanism for Indigenous Peoples and Local Communities (DGM) in 2010 and is the DGM’s main funding instrument to date. The DGM supports Indigenous Peoples and Local Communities in developing countries and empowers them as the most effective guardians of the world's forests and natural...

Why focus on disability inclusion in climate finance? Climate change shocks disproportionally affect persons with disabilities whose resilience capacity is limited. According to WHO, there are one billion persons with disabilities, and over 80 percent of them live in developing countries. Moreover, disability is becoming more prevalent because of c...

The independent evaluation of the Scaling up Renewable Energy Program in Low Income Countries (SREP), released earlier this year, provides a rigorous, external assessment of the ambitious energy access program of the Climate Investment Funds (CIF). The findings and recommendations from this report, called "Evaluation of the Scaling up Renewable Ene...

“By honoring the pledges we made in Glasgow, we can turn our struggle against climate change into a global mission for new jobs and clean growth. And we can bequeath our children a greener planet and a more prosperous future. That’s a legacy we could be proud of.” With these words, on the very first day of COP27, British Prime Minister Rish...

While the impacts of the climate crisis are apparent, it is evident that those who have contributed to the crisis the least, are being hardest hit. For example, Pakistan, among the most vulnerable countries to climate change, emits under one percent of global emissions. Given that the G20 nations account for 80 percent of global emissions, it is on...

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: ...