Climate Investment Funds

The Climate Investment Funds are paving the way for innovative climate financing through the CIF Capital Markets Mechanism (CCMM)! This groundbreaking financial instrument is designed to mobilize private sector investment, helping to accelerate #climateaction in developing countries.?? ? By leveraging capital markets, CIF is enabling greater access to funding for #cleanenergy, climate resilience, and sustainable development projects.? ? ?? The CIF’s approach is transforming the way we think about climate finance, ensuring that critical resources flow to where they’re needed most. ?? ? ? Learn more ?? https://lnkd.in/eHjwUY6K

Did you know by 2050, the economic cost of health impacts of #climatechange is projected to reach $21 trillion for low- and middle-income countries? ? ? Our new #InvestinHealth report with The World Bank, highlights the opportunities to strengthen our health systems, mitigate impacts, and avoid the high human and economic cost of inaction. ? ? Learn more ?? https://lnkd.in/eMegiiT9

Climate finance was at the heart of the #COP29 in Baku. It gave us the opportunity to connect with both our existing and potential partners to collectively push for innovative new ways to raise and deploy funding. ? ? Here are some of our reflections and highlights ?? ? https://lnkd.in/eu_HaXgK

?? The Climate Investment Funds invite eligible countries to express interest in joining the Clean Technology Fund (CTF) and Strategic Climate Fund (SCF) Trust Fund Committees for a 3-year term, beginning January 2025. ? ? This is a unique opportunity to help drive #climateaction and shape strategic funding decisions.? ?? Apply by November 29, 2024??? https://lnkd.in/egGxHq6d

Our #Industry #Decarbonization Program is designed to support developing countries to transform heavy-emitting industries. Our mission is to accelerate the shift toward sustainable practices, unlocking investment in net-zero, climate-resilient business models and technologies. Last week At #COP29, #Germany and the #UK made a groundbreaking commitment, pledging $420 million to support #decarbonization efforts in emerging economies. ?? https://lnkd.in/df5Kh3WM

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