17 June 2014
Latest update on the World Bank-housed Climate Investment Funds ahead of their June meetings. Covers key trends in projects related to clean technology, resilience to climate change, forests and renewable energy
Update on the Scaling up Renewable Energy Program (SREP) from CIFs Monitor 9
Update on the Forest Investment Program (FIP) from CIFs Monitor 9
Updates on the Clean Technology Fund (CTF) from CIFs Monitor 9
Updates on the Pilot Program for Climate Resilience (PPCR) from CIFs Monitor 9
This paper looks at PPCR projects implemented under the World Bank's private sector lending arm, the International Finance Corporation, highlighting important questions concerning the design, implementation and operation of projects financed from public climate funds using private sector actors. In summary, the analysis suggests that the integration of private sector projects into national planning processes and strategies is crucial.
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.
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.
