A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
An impending shortfall in available resources for the Clean Technology Fund continues to concern, leading to cancellation of projects. Questions were raised about development impacts and reliance on geothermal energy in India and Indonesia's revised investment plans, and on debt sustainability in a Caribbean project.
Concerns have been raised about a projected shortfall of resources for the Clean Technology Fund, with an early warning mechanism due to be discussed. Questions were raised about development benefits of a Colombia project and on safeguards for a Vietnam project.
Updates on the Clean Technology Fund (CTF) from CIFs Monitor 9
Chapter of CIFs Monitor 8 on the Clean Technology Fund (CTF)
The International Financial Corporation is still out of compliance more than 6 months after findings by the Office of Compliance, Advisor/Ombudsman (CAO) found it to have disregarded its own regulation of toxic chemical emissions at Karachaganak Oil and Condensation Field in Western Kazakhstan.
In 2003 the World Bank approved a $40 million loan for the Nura river clean-up project in central Kazakhstan, however without the World Bank’s respect for basic public participation and environmental impact assessment standards, the project is at risk of causing unexpected and badly mitigated effects.