Climate Investment Funds

As #COP29 draws to a close we reflect on the fruitful exchanges, collaborations, and relationships forged in Baku. Here are a few of our highlights. #Finance4Climate #TheClimateFunds #CIFxCOP29

No #JustTransition is possible without women's climate leadership! On #COP29 Gender Equality thematic day, we heard from South African community representatives who are pioneering transitions away from coal. Indalo Inclusive South Africa NPC's Rest Kanju, South African Local Government Association's Dorah Marema, and George Malaka Mpe told their stories during a session on "Building Awareness and Entrepreneurship Opportunities for a Gender Equal and Inclusive Just Transition" at the South African Pavilion. ????After their powerful testimonies, Global Affairs Canada | Affaires mondiales Canada's Andrew Hurst, CIF's Nina Kolybashkina, the African Development Bank Group's Gareth Phillips, and the The World Bank's Robin Mearns, emphasized the importance of concessional funding, country leadership, and partnerships to advance just transitions that leave no one behind. Thank you for hosting us at the South African Pavilion! #WomensCLimateLeadership #CIFxCOP29

It was truly inspiring to have so many CIF stakeholders come together at #COP29, all focused on advancing our Gender and #SocialInclusion strategy. The energy in the room was palpable as we engaged in a meaningful dialogue about how to drive the #genderequality and social inclusion agenda within #ClimateFinance. Our Gender Lead, Nina Kolybashkina, expertly led the discussion, and a special thank you to Robin Mearns (The World Bank), Gerard Howe (Foreign, Commonwealth and Development Office), Lorie Rufo (CIF), Loli Arribas-Banos (World Bank), Cecile Bibiane Ndjebet (Cameroonian activist and UN Environment Programme Champion of the Earth), Hafsat Abiola-Costello (Women in Africa Initiative), Eleanor Ripoll (2X Global), Hailey Campbell (Care About Climate), Fleur Newman (UN Climate Change) for their insightful contributions. Together, we explored the critical role that women’s leadership plays in #climateaction and the urgent need to ensure that climate solutions are inclusive, reaching all communities, especially those most vulnerable. At the heart of the conversation was a shared commitment to creating sustainable, impactful climate finance initiatives that not only tackle the climate crisis but also empower marginalized groups and amplify their voices. ???? The road to a more inclusive and equitable future for all requires us to prioritize social inclusion and actively support women as climate leaders. To learn more about our work ? https://lnkd.in/eTUmrt2n. #WomenClimateLeadership #SustainableClimateAction Andrew Hurst, Daria Chekalskaia, Vital Voices Global Partnership

#Gender is an essential part of #climatefinance. With #women at the center, climate finance can achieve more effective, sustainable, and equitable outcomes. Today, Nina Kolybashkina, CIF’s Gender and #SocialInclusion Lead, discussed women climate leadership at the #COP29 Italy Pavilion. She highlighted the central part gender specialists should play in designing climate finance programs and projects, with access to direct financing playing a key role. Successful examples in the CIF portfolio include the Dedicated Grant Mechanism for Indigenous Peoples and local communities and the Women-Led Coal Transitions (WOLCOT). The audience also heard from Demetrio Innocenti, Erika Moranduzzo (she/her), Roberta Laudazi, Nancy Saich,?Manuel Pulgar-Vidal, Juan Pablo Hoffmaister, and Sana Kaspadia, who shared a strong call to action for COP29 climate negotiations to take full account of “half of humanity”. Thank you, Italy!

That’s a wrap on Food, Water, and Agriculture Day at #COP29! The CIF team has been busy leading and joining discussions on #climateaction, #genderequality, and sustainable development. ???? Here’s a look at some of the key events we were part of: ? Just and Equitable Transition: Insights from Pilot Countries ? Accelerating Inclusive Action: #Gender-Responsive #ClimateFinance Roundtable (Renewable Energy Association Pavilion) ? High-Level Panel on Gender & Climate Finance (Italian Pavilion) ? Investing in #Mitigation: Co-hosted with the Adaptation Fund, the Global Environment Facility, and the Green Climate Fund at #TheClimateFunds' Pavilion ?Advancing the Agriculture, Water and Energy Nexus through Interministerial Collaboration at the Africa Pavilion ? Partnering for Forests: Co-hosted with AF, GCF, and GEF at the Climate Funds Pavilion The conversations today reaffirmed that real, inclusive solutions are the key to tackling the #climatecrisis. From advancing gender-responsive climate finance to supporting green economies and just transitions, we’re inspired by the partnerships forming and excited to continue pushing for a sustainable, resilient future. ?? #SustainableDevelopment #GreenEconomy #JustTransition #InclusiveAction #PartnershipsForThePlanet #ClimateSolutions #ActOnClimate

?? Driving Change Through #JustTransition: Key Takeaways At a recent joint #MDB discussion, significant strides and strategies for achieving a Just Transition were shared, reflecting its growing importance on the global #climatefinance agenda: Progress Highlights: ? The EBRD reported initial successes through its Just Transition Initiative, showcasing impactful projects. ? CIF underlined the power of multi-stakeholder collaboration, focusing on gender and #socialinclusion by engaging MDBs, governments, and communities. Key Themes and Insights: ? Just Transition is now central to delivering climate finance effectively. Scaling up efforts requires strong collaboration among MDBs, financial institutions, and stakeholders, alongside rapid deployment of blended finance instruments. ? Success hinges on establishing robust metrics to measure and track outcomes. At the Heart of It All: ? A Just Transition addresses critical community-level challenges, including workforce inclusion and energy access. As one panelist aptly put it: "It involves social dialogue ... starting with workers, moving into communities, [and] households, particularly around energy poverty." ?? Moving forward, collective action and measurable impact are key to ensuring no one is left behind in the shift toward a sustainable future. Barbara Rambousek, Nina Kolybashkina, Gareth Phillips, Nick Robins, Livia (Xiaoni) Zhang, CFA, Olga Strietska-Ilina, African Development Bank Group,Just Transition Finance Lab, ACWA Power, International Labour Organization

We have entered the final stretch, here at #COP29 in Baku. One highlight from the last few days was an inspiring discussion on scaling up support for industrial decarbonization, especially for developing countries. Thank you to my fellow panelists Minister Diego Pardow from the Ministerio de Energía Chile, UK Parliamentary Under-Secretary of State Kerry McCarthy - Labour MP for Bristol East, and Germany’s Parliamentary State Secretary Stefan Wenzel for the exchange, and to UNIDO Chief of Energy and Climate Action Rana Ghoneim for the effortless moderation at this UK-hosted event. This is a core issue to tackle if we are to cut emissions at the scale and pace needed. So it was especially heartening to hear yesterday that Germany, Canada and the UK have just pledged $420 million for decarbonization efforts in emerging markets and developing economies. All three countries are supporters of our flagship Industrial Decarbonization program, which is open for applications until January: https://lnkd.in/eTFKYt_k It’s also been a pleasure to speak with so many more partners of the Climate Investment Funds here in Baku. Secretary Rodrigo Rollemberg from Brazil caught me up on progress at Porto do Pecém since I visited in August with UK Energy Secretary Ed Miliband and The World Bank. Earlier I sat down with State Secretary Stefan Wenzal and his colleagues at the German Federal Ministry for Economic Affairs and Climate Action to talk about next steps for decarbonization, following the launch of the Global Matchmaking Platform last week. I also had the chance to meet with Deputy Director Henrik Silkjaer Nielsen, Hanne Jersild and their team from The Ministry of Climate, Energy and Utilities Denmark, a long-standing contributor to the CIF Clean Technology Fund and current member of the Trust Fund Committee. And I had a very interesting discussion with Assistant Secretary David Higgins and his team at the Australian Department of Climate Change, Energy, the Environment and Water about our CIF Capital Markets Mechanism and how it can support their industrial decarbonization agenda in the developing world.? For the next three days, we’re still at the Climate Funds Pavilion, and have some excellent events to come on critical #ClimateFinance questions! Come visit us and our fellow multilateral climate funds in the Blue Zone, D10.

Minister Max Andonirina Fontaine of Madagascar, along with Minister Roger Baro of Burkina Faso and Minister Cozier Frederick of #Dominica joined our high-level #COP29 session on “Innovation in #ClimateFinance: Exploring Financing Instruments to Drive Climate Resilience in Developing Countries.” A packed house engaged with the ministers and a panel of speakers as they discussed various angles to support country #adaptation strategies including addressing funding shortfalls, increasing technical assistance, and examining climate finance mechanisms that support low- and middle-income countries. Thank you Minister Fontaine and team for hosting us at the Madagascar Pavilion. Our thanks also to our panelists: John Narag, Gianpiero Nacci, Sean Kidney, Ifeoluwa Tryphena Olatayo, Saliha Dobardzic, Lorie Rufo and Kouassi Emmanuel Kouadio. #CIFdelivers #CIFxCOP29 #ClimateFinance

We were thrilled to join the governments of #Germany, the #UnitedKingdom, and #Canada for their pledges at #COP29 to scale international assistance for the #decarbonization of #industry in emerging markets and developing economies?(EMDEs). Ministers Robert Habeck of Germany and Ed Miliband of the UK announced that their governments will lead the way by pledging over $420 million and are calling on other developed countries and philanthropies to follow suit. Minister Miliband also highlighted the CIF Capital Markets Mechanism (CCMM), listed on the London Stock Exchange last week, as an innovation for drawing in private sector finance to catalyze climate investments. Our Industry Decarbonization Program Call for Expressions of Interest is currently open to eligible developing countries focused on decarbonizing heavy emitting sectors. Apply here ? https://lnkd.in/ehMr7FSG #CIFIndustryDecarbonization #CIFCapital4Climate #CIFdelivers #COP29Baku Department for Energy Security and Net Zero, Global Affairs Canada | Affaires mondiales Canada

Reflecting on week 1?? at #COP29: Here are some of our favorite moments: ?? The CIF Capital Markets Mechanism (CCMM) was listed on the London Stock Exchange ?? We hosted a country-focused workshop on our #Industry #Decarbonization Program Call for Expressions of Interest and highlighted our work with various stakeholders on decarbonizing heavy emitting industries ?? We launched our 2025 Youth Fellowship Program with YOUNGO ??The Climate Funds Pavilion is a hub for engaging on all things #ClimateFinance! Visit us and our fellow multilateral climate funds – the Adaptation Fund, the Global Environment Facility, and the Green Climate Fund. Find us at the Blue Zone, D10. See our schedule for week 2??: https://www.cif.org/COP29