With $250 million support from the Clean Technology Fund, leveraging nearly $1.9 billion, Turkey is on the path to grow its renewable energy and improve energy efficiency to meet growing demands.
Concessional financing like CIF support of Morocco solar plant important to developing new renewable technologies. Such financing critical part to initial stages of new green growth renewable technologies, such as solar power in Middle East and North African countries.
South to South cooperation very important in learning about solar and sharing in solar and renewable energies in MENA countries, as CTF supports Morocco solar power plant.
Climate change will affect the developing world first and worst. CIF partnerships are creating the climate for change.
Saint Lucia Integrated National Geonode (SLING) web-based application allows climate and disaster response agencies in the Caribbean to share data over the Internet through a centralized portal and develop stronger regional climate resilience systems.
Creating the climate for change in Indonesia’s forests through reduced forest degradation and emissions, and sustainable forest management.
Building Trust for REDD+ in Peru: Building trust and relationships towards reduced forest degradation and climate mitigation.
REDD+ Investments for Food, Forest and Fuel in DRC: DRC’s forests have enormous potential to sequester carbon and mitigate the effects of climate change through FIP REDD+ reduced deforestation and reforestation investments.
REDD+ Social Vision in Burkina Faso: Creating the climate for change in Burkina Faso to address land degradation and desertification.
With increasing industrialization, urbanization and growing concerns over rapidly rising greenhouse emissions, Turkey’s already energy-intensive economy presents one of the greatest challenges and opportunities for sustainable energy investments such as those from the CTF in the region.