Major milestones reached for the Accelerating Coal Transition Program 

It has been yet another busy month for the Climate Investment Funds (CIF). October saw a number of major milestones for the Accelerating Coal Transition Program being reached. The US Government announced a $950 million contribution towards accelerating the transition to sustainable energy in developing economies. Following this, CIF’s governing board endorsed new investment plans for a just transition from coal to clean power in South Africa and Indonesia. The decision intends to equip each country with access to $500 million in concessional, risk-bearing capital to build momentum toward ambitious climate, energy, and development goals.
 
“When we invest in clean energy in developing countries, we invest in climate action and development everywhere” stated CIF CEO Mafalda Duarte. “With this new contribution, the United States is helping create new jobs, new sustainable markets while reducing emissions, and by doing so, securing our shared climate future.

Report & event launch- Enablers: the role of enabling environment in scaling up climate finance

A strong and predictable enabling environment is critical to help countries plan, implement, and accelerate investments in a low carbon and resilient economy. CIF’s lessons learned on the crucial role of technical assistance have been collected and analyzed in a new report entitled, Enablers: The Role of Enabling Environment in Scaling Up Climate Finance. A launch event hosted by CIF and the UK Government took place in London to formally introduce and share the report findings.

Just launched- CIF’s new website

CIF’s new and easy-to-navigate website has been launched showing our our results, impact & programs. Check out our new site!

Developing countries seek CIF funding for nature-based solutions

Dominica: on the frontlines of the climate crisis

International Day for Disaster Risk Reduction raises awareness on progress made toward preventing and reducing disaster risk and losses in lives, economies and basic infrastructure. CIF’s Pilot Program for Climate Resilience along with partners, funded an infrastucture project in on the island nation of Dominica which shows how communities are building resilience to natural disasters.

Bangladesh: building coastal resilience by investing in climate-smart agriculture

A new case study outlines how climate-smart agriculture can improve livelihoods and bolster resilience by working with the private sector to use innovative technologies and practices among farmers in the coastal regions of Bangladesh.