Since the CIF was established in 2008, the world has seen all too often the devastating effects of climate change, but also the opportunities that solutions present. Achieving a greener future is possible, and the CIF is well placed to share lessons on how communities and countries are testing new ways to meet their development aspirations while contributing to the global climate good. The CIF 2015 Annual Report shares how the $8.3 billion CIF is leveraging an additional $58 billion in co-financing from other sources to catalyze transformational change in 72 developing countries.
For the last six years, the Climate Investment Funds have been leading efforts to deliver investments at scale to empower transformations in the energy, transport, and forestry sectors and climate-resilient development. The CIF’s success is premised on a solid partnership with governments, citizen groups, private sector sponsors, the CIF governing bodies, and the five multilateral development banks. New pledges in 2014 push the CIF’s total contributions to $8.1 billion and will allow expansion of its programs.