The organizational structure of the CIF's two trust funds, the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF), each include a Trust Fund Committee, and the SCF further designates Sub-Committees to govern each of its three targeted programs -- the Forest Investment Program (FIP), the Pilot Program for Climate Resilience (PPCR) and the Scaling up Renewable Energy in Low Income Countries Program (SREP).
Clean Technology Fund (CTF)
The Clean Technology Fund (CTF) provides middle income countries with resources to explore options to scale up the demonstration, deployment, and transfer of low-carbon, clean technologies. The CTF Trust Fund Committee was established to oversee and decide on the operations and activities of the CTF. Its responsibilities include approving programming and pipeline priorities, operational criteria and financing modalities, ensuring that the strategic orientation of the CTF is guided by the principles of the UN Framework Convention on Climate Change, and endorsing further development of activities in investment plans for CTF financing.
Strategic Climate Fund
The Strategic Climate Fund (SCF) serves as an overarching framework to support three targeted programs with dedicated funding to pilot new approaches with potential for scaled-up, transformational action aimed at specific climate change challenges or sectoral responses. SCF's targeted programs are FIP, PPCR and SREP. The SCF Trust Fund Committee was established to oversee and decide on SCF operations, and consists of approving SCF programs and elgibility criteria, ensuring that SCF's strategic orientation is guided by the principles of the UN Framework Convention on Climate Change, and establishing a Sub-Committee for each SCF Program.
Forest Investment Program
The Forest Investment Program (FIP) supports developing country efforts to reduce deforestation and forest degradation and promote sustainable forest management that leads to emissions reductions and enhancement of forest carbon stocks (REDD+). The FIP Sub-Committeee is composed of up to six representatives from FIP contributor countries and six representatives from eligible FIP recipient countries. The sub-committee is responsible for agreeing upon the number of country or regional pilot programs, approving composition of expert groups to make recommendations on the selection of country or regional pilots that will receive FIP financing, selecting pilot countries, and approving FIP financing for programs and projects.
Pilot Program for Climate Resilience
The Pilot Program for Climate Resilience (PPCR) funds technical assistance and investments to support countries' efforts to integrate climate risk and resilience into core development planning and implementation. The PPCR Sub-Committee was established to oversee PPCR operations and activities. The Sub-Committee is composed of six representatives from PPCR contributor countries and six representatives from eligible PPCR recipient countries. The PPCR Sub-Committee is responsible for approving PPCR programming priorities, operational criteria and financing modalities, selecting countries to be funded under the PPCR, and approving PPCR program financing.
Scaling Up Renewable Energy Program
The Scaling Up Renewable Energy in Low Income Countries Program (SREP) was established to scale up deployment of renewable energy and low carbon development, and expand renewables markets in the world's poorest countries. The SREP Sub-Committee oversees and decides on SREP activities. Its members include up to six representatives from SREP contributor countries and six representatives from eligible SREP recipient countries. The SREP Sub-Committee is responsible for appointing an Expert Group to make recommendations on selection of country or regional programs, selecting country and regional programs, approving financing terms and modalities, endorsing further development of activities in country plans, approving SREP financing for programs and projects, approving a results measurement framework, and ensuring lessons learned are applied to future investments and shared.