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The World Economic Forum’s 2022 Global Risk Report reveals that extreme climate action failure is the top concern of leaders and experts around the world. And that the top five threats are - extreme weather, biodiversity-loss, human environmental damage, and natural resource crises – all climate related. In the coming years, CIF concessional financing and on-the-ground expertise will play a big a part in mitigating a complete climate action failure. CIF must take a leadership role and utilize its unique knowledge to kickstart sustainable, renewable markets that stimulate economies while protecting the environment.
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Writing in EURACTIV, CIF CEO Mafalda Duarte says this is a critical year for tackling the climate crisis and the EU stands to build on its climate leadership worldwide, for example, through its new Global Gateway initiative. Transforming whole systems, such as institutions, policies, and markets will create lasting structural change that embraces innovative, bold, clean-energy models and technologies.
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Strengthening the capacity and rights of Indigenous and forest dependent communities enhances sustainable, climate-resilient, forest management. CIFs Forest Investment Program in Peru is working to achieve these goals through the $12.2M Integrated Forest Landscape Management Project. Projects focus on securing land tenure rights and providing community grants to promote community level land-use planning, sustainable management, food security, and income generation. Learn how expected results will not only increase protected and sustainably managed land but will also increase economic opportunities for marginalized forest communities.
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The USD$5M CIF Pilot Project for Climate Resilience (PPCR) in Jamaica is addressing the urgent need to protect the fisheries sector and its dependent communities. Due to extreme sea temperatures, ocean acidification, and overfishing Jamaica’s fisheries are declining at an alarming rate. The CIF PPCR project works to improve community-based resilience. Workstreams include strengthening fishery policy and regulatory frameworks; training people in alternative jobs like seaweed collection; and increased outreach and education. This CIF investment is already achieving results, read the full article to see what CIF and Jamaica have accomplished for local communities.
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CIF has released an Evaluation and Learning study that looks at St. Lucia’s private sector and its critical role in national climate adaptation and resilience efforts. It found that few private sector firms could identify climate change risks thus were unable to identify opportunities that could benefit their businesses. It also revealed that more collaboration, knowledge-sharing and transparency is needed to identify and share successful private sector adaptation strategies and that the government had to take a leadership role in this area. And it also showed that a combination of finance, an understanding of climate impacts, business cases and technical solutions were necessary to really steamroll private sector investment in adaptation.
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V I D E O
The Forest Investment Program in Brazil
CIF and Brazil are working together to protect the diverse tropical Cerrado biome through eight Forest Investment Program projects. These initiatives support sustainable forest management, emission reduction, and sustainable development. CIF works heavily with the government and institutions to provide climate knowledge, capacity building, and technical and management assistance that helps with short-term projects as well as setting the foundation for long-term climate action. One project has already recovered 100,000 hectares of pastures for more than 4,000 farmers.
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During a recent LiveChat WBG Discussion, the Climate Investment Fund’s Dedicated Grant Mechanism (DGM) projects were highlighted to show the important connection between climate and gender. The DGM empowers women to participate and take on leadership roles in the climate action sector. In Burkina Faso alone, 81% of livelihood sub-projects are implemented exclusively by women thanks to DGM initiatives.
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