Climate Investment Fund - World Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Africa
Americas
East Asia and the Pacific
Europe
Middle-East
South Asia
Thematic focus: 
Tourism in general
Energy in Tourism
Sustainability of natural resources in Tourism
Intro text: 
The Climate Investment Funds include four key programs that help 72 developing countries pilot low-emissions and climate resilient development.

Official website

www.worldbank.org/cif

Geographic focus

Developing countries worldwide

Who can apply?

Countries that have:

  • ODA-eligibility (according to OECD/DAC guidelines); and
  • An active multilateral development bank (MDB) country program.

Objectives and activities

Objective: The CIFs have been designed to support low-carbon and climate-resilient development through scaled-up financing channeled through the regional development banks.

Activities:

  • The Clean Technology Fund (CTF) is a funding window of the CIF. It is empowering transformation in middle income and developing countries by providing resources to scale up the demonstration, deployment, and transfer of low carbon technologies with a signicant potential for long-term greenhouse gas emissions savings.
  • The Forest Investment Program (FIP) isa funding window of the CIF and provides indispensable direct investments in forestry to support countries’ development and REDD+ objectives.
  • The billion Pilot Program for Climate Resilience (PPCR) is a funding window of the CIF. Using a two-phase, programmatic approach, the PPCR assists national governments in integrating climate resilience into development planning across sectors and stakeholder groups. Second, it provides additional funding to put the plan into action and pilot innovative public and private sector solutions to pressing climate-related risks
  • The Scaling Up Renewable Energy in Low Income Countries Program (SREP) is a funding window of the CIF, empowering transformation in developing countries by demonstrating the economic, social, and environmental viability of renewable energy.

Examples:

  • Caribbean Carbon Neutral Tourism Project (Bahamas, Belize, Guyana and Trinidad and Tobago);
  • Grenada Strategic Program for Climate Resilience (SPCR);
  • Climate Himalaya Initiative (Nepal)

Type and level of funding

The $5.3 billion Clean Technology Fund, the $785 million Forest Investment Program, the $1.2 billion Pilot Program for Climate Resilience (PPCR) and the The $796 million Scaling Up Renewable Energy in Low Income Countries Program.

The Trust Fund Committees have the authority for resource allocation in accordance with the power assigned to them through the CIF Governance Framework documents for the CTF and SCF.