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climate investment funds

A map is worth a thousand words: Supporting forest stewards in addressing climate change

Kennan Rapp's picture
Photo: Julio Pantoja / World Bank Group


In Nepal, indigenous groups produced a range of training materials, including videos in local languages on forests and climate change, to help more than 100 women and community leaders in the Terai, Hill and Mountain areas better understand what terms like ‘mitigation and adaptation strategies for climate resilience’ mean for them in their daily lives. 

A team of consultants in Kenya, who are members of indigenous communities with an understanding of regional politics and geographical dynamics, worked on increasing community involvement in sustainable forest management through workshops and face-to-face meetings. As part of their work, they collected information on land tenure status within indigenous territories, which will help the country prepare a national strategy for reducing emissions from deforestation.

Empowering a greener future

Mafalda Duarte's picture
CIF launches annual report that marks 2015 as year of achievements
 CIF
Photo: World Bank Group


This is Morocco’s Noor 1 concentrated solar power plant, the first phase of what will eventually be the largest concentrated solar power plant in the world. It is an impressive sight—visible even from space–and it holds the promise of supplying over 500 megawatts of power to over a million Moroccans by 2018. It also embodies the power of well-placed concessional financing to stimulate climate action. Low cost, long term financing totaling $435 million provided by the Climate Investment Funds (CIF) has served as a spark to attract the public and private investments needed to build this massive facility, and it is just one example of how the CIF is empowering a greener, more resilient future.

New data on Climate Investment Funds and their results

Martin Craig Hall's picture
Readers of this blog site will know that open data is data that can be freely used, re-used and redistributed – it’s legally open and technically open.  Readers of this blog may not know that the $8.3 billion Climate Investment Funds (CIF), are providing scaled-up financing through the Multilateral Development Banks (MDBs) to initiate transformational change toward climate-resilient, low-carbon development in 72 countries worldwide.  And this month, for the first time, the CIF is publishing open data on the results of our Clean Technology Fund (CTF) and our Scaling up Renewable Energy Program (SREP).
 

A greener future starts with women

Mafalda Duarte's picture
Also available in: Spanish




When I started my career in the world of global development some twenty odd years ago, a number of female leaders inspired me. Rachel Carson had left an epic legacy with her book ‘Silent SpringWangari Maathai, the founder of the Green Belt Movement, had won a Nobel Peace Prize and Jane Goodall was reminding us all of nature conservation causes. And that’s just to name a few of those who were most visible.

One of my first experiences in the developing world was in Mozambique. While there, I saw the devastating impacts of floods not just at the national and community level, but especially on women and girls.

Drum roll…Presenting the world’s largest concentrated solar power plant!

Mafalda Duarte's picture

Also available in: العربية | Spanish

Noor concentrated solar power plant is expected to supply 1.1 million of Moroccans with 500 MW of power by 2018. Photo: World Bank


Concentrated Solar Power is the greatest energy technology you have probably never heard of.  While it may not be as widely known as other renewable energy sources, there’s no doubting its potential - the International Energy Agency estimates that up to 11 percent of the world’s electricity generation in 2050 could come from CSP.  

And this week in Morocco, the King, His Majesty Mohammed VI, is officially opening the first phase of what will eventually be the largest CSP plant in the world – the same size as Morocco’s capital city Rabat.  I congratulate Morocco for taking a leadership role that has placed it on the frontlines of a revolution that is bringing low-carbon development to emerging and developing economies worldwide.
 
In collaboration with the World Bank and the African Development Bank, the CIF has already provided US$435 million into this three-phase Noor CSP complex in Morocco.

Climate services - Saving lives and livelihoods

Mafalda Duarte's picture
Copyright: Conect4Climate/World Bank

Climate change is affecting us all, but its impacts are hitting the poorest and those in poor countries hardest. That means developing countries vulnerable to sudden and slow-onset impacts of climate change need reliable and accurate weather and climate data and information to help them know when and how to protect their economies and communities.

De-risking climate-smart investments

Rachel Stern's picture
 CIF / World Bank
The city of Ouarzazate in Morocco will host what will become one of the largest solar power plants in the world. Photo: CIF / World Bank


The investment needs for low-carbon, climate-resilience growth are substantial. Public resources can bridge viability gaps and cover risks that private actors are unable or unwilling to bear, while the private sector can bring the financial flows and innovation required to sustain progress. For this partnership to reach its full potential, investors need to be provided with the necessary signals, enabling environments, and incentives to confidently invest in emerging economies.  

Boosting clean tech to power a low-carbon future

Zhihong Zhang's picture
 
A thermo-solar power plant in Morocco. Photo by Dana Smillie / World Bank.

Global warming can be limited by reducing or avoiding greenhouse gases stemming from human activities - particularly in the energy, industry, transport, and building sectorswhich together account for over 75% of global emissions. So low carbon technologies are key to achieving mitigation while creating new economic opportunities.
 
Since 2008, the $5.3 billion Clean Technology Fund (CTF) - one of the $8.1 billion Climate Investment Funds' (CIF) four funding windows—has been partnering with multilateral development banks (MDBs), including the World Bank and the IFC, to provide concessional financing to large-scale country-led projects and programs in renewable energy, energy efficiency and sustainable transport.
 
As the world gets ready for the climate negotiations in Paris later this month, the governing bodies of CTF met in Washington D.C. MDBs, donor countries, recipient countries and civil society organizations gathered to, among other things, share the results and lessons of how the CTF is reducing greenhouse gas emissions, creating energy savings, and improving the lives of some of the world’s poorest people by creating jobs and reducing pollution.
 
The CTF report card is based on the results from operational projects and programs over a one year period. In total, the CTF has achieved 20 mtCO2e in emission reductionsthat’s the equivalent to taking four and a half million cars off the road or shutting down six coal fired power plants.

It’s a make-or-break decade for action on climate change

Rachel Kyte's picture


Photo: Climate Group 

As world leaders descended on Manhattan this week for the UN General Assembly, the blocks around 44th street got ever more gridlocked and noise decibels from the omnipresent motorcades tested the patience of locals and visitors alike.

Away from the main hubbub, Monday I joined Tony Blair, Prince Albert of Monaco, Twitter co-founder Evan Williams and a number of Chairman and CEOs from top companies to talk about climate change and efforts to get the world onto a cleaner growth path.

Tuesday, hosted by Bloomberg L.P., I was in conversation with Commissioner Connie Hedegaard and Cristiana Figueres. The discussion covered the role of the UNFCCC past, present and future in what has happened and needs to happen to arrest climate change. From the need to change the narrative, accounting systems, risk appetites and ambition, to whether the convention is an umbrella for action, or should encourage actions outside its framework, to where will the funding come from for adaptation and resilience as climate change bears its teeth, it was a great conversation showing sensible hope.

Climate Week, an annual event here in New York City organized by The Climate Group is calling for an American “Clean Revolution.” At their opening session they issued a report saying such a revolution could grow the US economy by $3 trillion. 

While climate change seems to be a “non-issue” in the US election, jobs and competitiveness are not. Competitiveness in the global green economy is not an issue for the US alone. 

Faced with conclusive scientific evidence of the impacts of climate change, especially on the world's poorest, and a new global agreement some years off, we're in a ‘make-or-break’ decade for action on global climate change.

Should CSOs Have a Seat at the Table?

John Garrison's picture

The World Bank has experimented with different approaches to including civil society organizations (CSOs) in its decision-making processes over the years. These have varied from regular policy dialogue with CSOs through the Bank – NGO Committee in the 1980s and 1990s, to establishing CSO advisory committees in several Bank units during the 2000s.  Currently, two of these initiatives stand out: the Bank’s Climate Investment Funds have invited 19 CSO representatives (chosen competitively through online voting) to serve as ‘active observers’ on its five Committees and Sub-Committees; and the Bank’s Health Unit has established a CSO 'consultative group' to which it invited 18 CSO leaders to advise the Bank on its health, nutrition, and population agenda. 


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