Two regional and five national investment plans under the four CIF programs were endorsed by the Climate Investment Fund (CIF) at the CIF Governance Committee Meetings which were held in Washington, D.C. from April 30 to May 4, 2012. These resources will provide access to over US$372 million in grants and concessional loans to address climate change challenges.
At its meeting on May 4, the FIP Sub-Committee endorsed the <a data-cke-saved-href="/sites/default/files/FIP_4_Brazil_IP_0.pdf' target=" href="/sites/default/files/FIP_4_Brazil_IP_0.pdf' target=" _blank"="">investment plan for Brazil and received updates on the investment plans for Indonesia and Ghana, which are currently under preparati
During its meeting on May 3, the CTF Trust Fund Committee endorsed the investment plan for Chile, which was presented by Sergio Del Campo Fayet, Vice-Minister of Energy, Government of Chile. After reviewing the status of CTF operations, the committee also set forth a process for managing projects arising from new investment plans, which will enable Nigeria, India, and Chile to receive CIF funding for a portion of their investment plans. It also agreed on targets to monitor delivery of CTF projects.
The Joint Meeting of the CTF and SCF Trust Fund Committees took place on May 1-2, 2012. Discussions focused on the progress made in implementing the Measures to Improve the Operations of the Climate Investment Funds.
During its meeting on May 1, the SREP Sub-Committee reviewed the status of program operations, confirmed the endorsement of the investment plan for Ethiopia, and endorsed the revised SREP Results Framework. The afternoon meeting of the SCF Trust Fund Committee subsequently approved the endorsed SREP Results Framework and discussed the progress of the three targeted programs under SCF.
The first day of the five day meeting of the Climate Investment Funds governing bodies kicked off today in Washington, D.C. with the PPCR Sub-Committee (SC). Highlights included endorsement of five Strategic Programs for Climate Resilience (SPCRs) for Dominica, Caribbean Regional Track, Kingdom of Tonga and Pacific Regional Track, and Yemen.
In March, the Government of Canada finalized the terms of its new contribution to the Clean Technology Fund (CTF). The CAD 200 million contribution from the Canadian International Development Agency (CIDA) increases the resources available to CTF to approximately USD 5 billion. Canada's participation in CTF comes at a particularly welcome time, as CTF seeks to meet significant unmet demand for funding.
The landscape of Dominica has changed. Its pristine biodiversity now faces a multitude of threats most of which stem from climate change. Watch this video to learn more about how this Caribbean island nation is fighting climate change with assistance from the CIF's Pilot Program for Climate Resilience (PPCR).
At the Sustainable Energy for All initiative's High Level Group meetings in London on April 24, 2012, Britain's Deputy Prime Minister, Nick Clegg, announced an additional funding of 25 million Pounds to support the Scaling-Up Renewable Energy Program (SREP), a successful initiative of the Climate Investment Funds that invests in developing countries on green projects.
Titled 'CIF From the ground up - Investing in our green future', the 2011 CIF Annual Report is available online. You can also choose to download and read individual sections from the report.