Brazil and Mozambique are both countries under the Forest Investment Program. They share similar types of forests – the Miombo in Mozambique and the Cerrado in Brazil – and a common challenge: how to ensure forests contribute to rural livelihoods.
The Cerrado is also the home to thousands of species of flora and fauna, many of which are unique for this region; it is also a huge carbon reservoir that prevents the acceleration of climate change.
Investments in clean energy are at an all-time high, a staggering USD 329 billion. 2015 was the first time that investments in renewable energy were higher in developing countries than developed ones.
Washington, D.C. (June 21, 2016) - The governing body of the $8.3 billion CIF last week gave an important signal by asking the CIF to develop options for a financing vehicle to attract private capital investors for renewable energy and clean technology projects in developing economies.
This week the Climate Investments Funds is celebrating the endorsement of three country investment plans under the CIF’s Scaling Up Renewable Energy in Low-Income Countries Program (SREP) and Forest Investment Program (FIP).
These include four key programs that help 72 developing countries pilot low-emissions and climate resilient development.