Our Funds & Programs
The Climate Investment Funds are a unique set of financing instruments that give developing countries an urgently needed jump-start toward achieving climate-smart development. The CIF is designed to deliver strong development outcomes as well as strong climate outcomes. Through two distinct funds implemented by the MDBs, the CIF support developing countries’ efforts to mitigate and manage the challenges of climate change by providing grants, concessional funds, and risk mitigation instruments that leverage significant financing from the private sector, MDBs, and other sources.
The Clean Technology Fund (CTF) provides developing and middle income countries with positive incentives to scale up the demonstration, deployment, and transfer of technologies with a high potential for long-term GHG emissions savings. CTF focuses on large-scale, country-initiated renewable energy, energy efficiency and transport projects. Each CTF Investment Plan is tailored by the country to be integrated into national development objectives.
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+). It finances large-scale investments and leverages additional resources, including from the private sector.
The Pilot Program for Climate Resilience (PPCR) helps developing countries integrate climate resilience into development and offers additional funding to support public and private sector investments. It provides incentives for scaled-up action and initiates a shift from “business as usual” to broad-based strategies for achieving climate resilience at the national and regional levels.
The Scaling Up Renewable Energy Program in Low Income Countries (SREP) was established to scale up the deployment of renewable energy solutions and expand renewable markets in the world’s poorest countries. SREP aims to pilot and demonstrate the economic, social, and environmental viability of development pathways that do not exacerbate global warming. SREP finances solar, wind, bio-energy, geothermal, and small hydro technologies.