Climate Investment Funds
One of the world’s largest and most ambitious multilateral climate finance mechanisms for developing countries seeking to shift to low carbon and climate resilient development, and to accelerate climate action. Its launch in 2008 emerged from recognition by world leaders that climate change and development are inextricably intertwined, and that climate-smart investment is needed at scale to deliver on the opportunities for green growth identified in the UN’s Sustainable Development Goals (SDG’s).
Working in partnership with governments, the private sector, civil society, local communities, and six major multilateral development banks (MDBs), CIF provides highly competitive financing that reduces risk for investors, lowering barriers to piloting new technologies, scaling up proven solutions, opening up sustainable markets, and mobilizing private sector capital for climate action. Rallying stakeholders behind increasingly ambitious climate goals and complementary action, CIF draws in diverse partners who might otherwise be deterred from investing alone.