This paper critically assesses the appropriateness of the Bank-housed Climate Investment Funds (CIFs) as a model for the Green Climate Fund (GCF). It takes proposals and recommendations by civil society groups and uses them as benchmarks to analyse the CIFs. It finds that in terms of institutional arrangements the CIFs have achieved some notable progress, however, in operations and performance there are serious concerns.
A number of 'pilot' funds are underway to develop climate related interventions in key sectors. Significant UK financing has been dedicated to these funds, primarily through the World Bank. These pilot programmes must be seen as building blocks towards an appropriate post 2012 financial architecture. Based on an emerging UK civil society consensus this paper highlights the form that this architecture should take, what development models it should build upon and what technological approaches it s
Donors have pledged $6.2 billion to the World Bank hosted Climate Investment Funds (CIFs) making them big players in current climate finance. The last three months have seen the Scaling Up Renewable Energy programme launched, new country investment plans endorsed by the Clean Technology Fund, and pilot countries selected for the Forest Investment Programme. A discussion paper, commissioned by the CIFs Administrative Unit has begun to look at lessons that can be learnt and incorporated in the rol
Current climate pilot projects, many of which are housed under the World Bank, are not leading us towards an equitable and effective post 2012 climate architecture envisioned by NGOs in the UK and beyond.
Meeting between UK NGOs and UK Alternate Execituve Director to the World Bank -Caroline Sergeant- on July 22, 2008.
