News & Results

Oct 09 2015

The President of the African Development Bank (AfDB), Akinwumi Adesina, announced on Friday, October 9 that the AfDB would nearly triple its annual climate financing to reach $5 billion a year by 2020. AfDB’s climate spending will increase to 40% of its total new investments by 2020. 

Oct 09 2015

he World Bank Group today announced it will increase climate financing to potentially $29 billion annually with the support of its members, giving a huge boost to global efforts to help countries tackle the impacts of climate change and move toward low-carbon growth.

Oct 08 2015

The Inter-American Development Bank today announced the goal of doubling the volume of its climate-related financing by 2020. In order to increase investments in adaptation, particularly for countries within the region that are most vulnerable to the impacts of climate change, the Bank also committed to screen all relevant projects for climate risks and resilience starting in 2018.

In the News | Oct 01 2015

Asian Development Bank (ADB) President Takehiko Nakao today announced that ADB will double its annual climate financing to $6 billion by 2020, up from the current $3 billion. ADB’s spending on tackling climate change will rise to around 30% of its overall financing by the end of this decade. ADB’s announcement comes against the backdrop of a promise by developed countries to mobilize $100 billion every year from 2020 to counter climate change in developing countries.

In the News | Oct 01 2015

The European Bank for Reconstruction and Development (EBRD) is scaling up its contribution to the global fight against climate change with a sharp increase in green financing over the next five years. The announcement comes just two months before a conference in Paris (COP21) which is set to seal an international climate agreement and define an agenda of specific actions to combat climate change.

Press Release | Sep 28 2015

Mafalda Duarte said: "2015 is a crucial year for both climate and development.  We saw very clearly in New York that the transition to a low-carbon economy is essential if we are not to derail years of development progress."  

Press Release | Sep 24 2015

Attention must be given to managing current and future impacts of climate change to protect lives and livelihoods.  With our investments in adaptation, the CIF is well-placed to share lessons on how to help communities and countries not just survive but thrive

Blog | Sep 22 2015

As world leaders come together at the UN General Assembly to adopt new sustainable development goals, climate change activists gear up for Climate Week in New York City and the Pope brings his message to the United Nations, a shared vision of our future is coming into clear focus. If we are to eradicate poverty, we need to tackle climate change.  And since 2008, the $8.1 billion Climate Investment Funds (CIF) has been showing it is possible for countries to pursue sustainable development in a way that does just that.

In the News | Sep 18 2015

During the recent World Forestry Congress, Ugandan civil society observer to the Forest Investment Program (FIP) of the Climate Investment Funds (CIF) and Executive Director of Support for Women in Agriculture and Environment (SWAGEN), Gertrude Kenyangi Kabusimbi was conferred with the 2015 Wangari Maathai Forest Champions Award.

In the News | Sep 18 2015

70 financial institutions – ranging from regional and microfinance institutions to national and global banks – from over 20 countries have vowed to step up financing for energy efficiency investments and develop business strategies that save energy and reduce carbon emissions. They made their pledge at a two-day conference, “Building a Global Energy Efficiency Financing Alliance”, held by the EBRD jointly with the UNEP FI in the run up to the G20 summit and COP21 climate talks in Paris, with the support from Turkey’s Garanti Bank, the CIF and MWH Global, a water and natural resources firm.