CTF provides large-scale financial resources for investing in clean technology projects in low- and middle-income countries. They contribute to the demonstration, deployment, and transfer of low-carbon technologies with significant potential for reducing long-term greenhouse gas emissions. The fund uses a blend of financial instruments, including grants, contingent grants, concessional loans, equity, and guarantees to make investing in low-carbon technologies more attractive to both public- and private-sector investors in low- and middle-income countries.Clean Technology Fund
CIF-CTF funding is only accessible through the MDBs (the World Bank Group, the Inter-American Development Bank, the African Development Bank, the European Bank for Reconstruction and Development, and the Asian Development Bank), which serve as implementing partners.
Accessing CTF Funding
SCF provides financing for piloting innovative approaches or scaling up activities aimed at specific climate change challenges or sectoral responses.It is designed to address the following areas: SCF serves as an overarching framework that provides funding through the following CIF programs: The Forest Investment Program provides direct investments to address the drivers of deforestation and forest degradation. It alsooffers grants and low-interest loans to help governments, communities, and businesses work together to definesustainable solutions for people and economies relying on forests, while maintaining important ecosystem services. The Pilot Program for Climate Resilience provides funding support for some of the most vulnerable low- and middle-income countries and regions in building adaptation and resilience to climate change. The Scaling Up Renewable Energy in Low Income Countries program supports the scaled-up deployment of renewable energy solutions, such as solar and geothermal, to increase energy access. It is one of the biggest global funders of mini-grids — a game changer for isolated, off-grid communities. The Renewable Energy Integration program provides funding that helps address system-wide barriers to the integration of higher shares of intermittent renewable energy generation into the grid and takes advantage of the opportunities emerging as part of the clean energy transition. The Nature, People and Climate program provides funding to help governments, industries, and communities to harness the potential of land resources and ecosystems in climate action, and reduce barriers to sustainability in key areas, such as agriculture and food systems, forests, and other land-based ecosystems.Strategic Climate Fund
CIF-SCF funding is only accessible through the MDBs (the World Bank Group, the Inter-American Development Bank, the African Development Bank, the European Bank for Reconstruction and Development, and the Asian Development Bank), which serve as implementing partners.
Accessing SCF Funding
Fast-growing developing countries need trillions of dollars of additional investmentto achieve low-carbon, climate-resilient economies. The private sector is critical to mobilizing the financing volumes needed to help developing countries move toward low-carbon economies. By providing highly competitive financing, CIF reduces risks for investors, thereby lowering barriers to piloting new clean technologies and scaling up proven solutions. CIF also helps the private sector to enter emerging markets, where it may otherwise be unwilling or unable to invest. Essentially, CIF’s combination of technical advisory and financial resources (including equity, grants, loans, guarantees, and local currency hedging) helps reduce investment barriers, test new business models, and de-risk new low-carbon, climate-smart markets, thus enabling the private sector to participate in clean-energy economies at a faster rate and on a greater scale. Approximately 30 percent of CIF’s funding is invested in private-sector operations. These funds are deployed via the MDBs to private-sector sponsors and companies through both national and regional investment plans, as well as dedicated funding mechanisms, such as CIF’s Dedicated Private Sector Programs (DPSP).CIF’s Funding Approaches
Mobilizing Private Capital
DPSP are funding windows that provide risk-appropriate capital to finance high-impact, large-scale private-sector projects in low-carbon, climate-resilient technologies, such as geothermal power, mini-grids, energy storage, energy efficiency, and solar photovoltaic. CIF’s DPSP model builds off the experience of CIF’s Private Sector Set Asides, launched by CIF/SCF in 2013. CIF’s partner MDBs work together to identify DPSP funding opportunities that can be deployed rapidly, efficiently, and in large-enough volumes to move markets in low- and middle-income countries.Dedicated Private Sector Programs
CIF-TAF has a strong network of key partners to avoid duplication, ensure the efficient use of resources, and increase mitigation ambition through the following areas: The CIF-TAF Partner Network includes leading clean energy-focused institutions and initiatives presented below: PARTNER NETWORK
