Climate Investment Funds Monitor 10
Climate Investment Funds Monitor 10
Latest update on the World Bank-housed Climate Investment Funds ahead of their November meetings. Covers key trends in projects related to clean technology, resilience to climate change, forests and renewable energy.
Clean Technology Fund (CTF)
Clean Technology Fund (CTF) funding approvals continue to rise, including private sector projects for geothermal energy. Revisions for investment plans were approved for Nigeria and the MENA region, with Libya added as a new country.
Pilot Program for Climate Resilience (PPCR)
Funding shortfalls are predicted for the Pilot Program for Climate Resilience (PPCR), as ideas for potential new funding are due to be discussed.
Forest Investment Program (FIP)
Disbursement of funds continues to be slow in the Forest Investment Program (FIP). The World Bank has responded to civil society groups’ criticism over the lack of consultation for FIP plans in Indonesia.
Scaling up Renewable Energy Program (SREP)
Fourteen new countries were accepted to the Scaling up Renewable Energy Program in Low Income Countries (SREP). Programme implementation continues to be slow, with expected co-financing often dropped.
