The governing bodies of the Climate Investment Funds have announced the countries that will host pilot programs under the CIF Strategic Climate Fund.
Pilots under the Program for Scaling Up Renewable Energy in Low Income Countries will take place in Ethiopia, Honduras, Kenya, Maldives, Mali and Nepal. An independent expert group recommended these countries for their willingness to carry out a “transformational” renewable energy development program, having potential capacity to implement such a program and the right conditions for growing the renewable energy sector.
The list of countries housing pilots under the Forest Investment Program has expanded to include Brazil, the Democratic Republic of Congo and Mexico. The projects aim to curb deforestation and forest degradation as well as promote sustainable forest management. The roster of FIP pilot countries already includes Burkina Faso, Ghana, Indonesia, Laos and Peru.
CIF, meanwhile, gave USD1.5 million each to Bolivia, Cambodia, Mozambique, Tajikistan and Yemen to start preparing their national-level strategic programs for climate resilience as well as develop capacity to execute them. These countries are already carrying out activities under the Pilot Program for Climate Resilience.
The Climate Investment Funds, which comprise the Strategic Climate Fund and the Clean Technology Fund, aim to back low-carbon and climate-resilient development. They channel financing through the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and World Bank.