World Bank Seminar Climate Investment Funds’ experience: Finance, Technology, and Japanese companies Mafalda Duarte Head, Climate Investment Funds Tokyo 2018
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World Bank Seminar Climate Investment Funds’
experience: Finance, Technology, and Japanese
companies Mafalda Duarte
Head, Climate Investment Funds Tokyo 2018
Since 2008, CIF has been the pivotal multilateral climate fund responsible for driving investments in renewable energy and piloting innovative approaches for sustainable forest management and climate resilience
Climate Investment Funds - CIF
▪ Over 41 million tons of CO2 reduced ▪ 1.3 million new electrical connections ▪ 3,950 MW of installed clean power capacity ▪ Over 3,000 GWh/yr energy saved ▪ Over 3 million ha of sustainable forest impacted ▪ Over 8 million people (incl. 4.3 million women)
supported by PPCR activities and over 500,000 beneficiaries from sustainable forest activities
▪ 1,500+ customers and 500+ businesses benefitting from adaptation credit lines
CIF achievements to date
Unique business model
Programmatic approach Works exclusively through MDBs Risk bearing
1. Largest climate fund
$8 BillionUK
283
0.80
US 2
000.
08
GER
MA
NY
680
.67
JAPA
N 12
34.14
CAN
ADA
283
.26
FRA
NCE
277
.03
AUST
RALI
A 16
6.62
NO
RWAY
268.
8
SWED
EN 13
8.64
SPA
IN 13
6.17
NET
HERL
AN
DS 7
6.08
DEN
MA
RK 4
4.39
SWIT
ZERL
AN
D 2
6
KORE
A 5
.76
CIF Program Overviews
ALGERIA CHILE COLOMBIA EGYPT INDIA INDONESIA JORDAN KAZAKHSTAN LIBYA MEXICO MOROCCO NIGERIA PHILIPPINES SOUTH AFRICA THAILAND TUNISIA TURKEY UKRAINE VIETNAM
provides resources to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings.
Clean Technology Fund CTF(SREP
Approved fundingDisbursement
Committee MDB
CTF Funding (in $M)
4,990 4,222 2,003
Number of projects 109 93 71
0
500
1000
1500
2000
Aus
tral
ia
Can
ada
Fran
ce
Ger
man
y
Japa
n
Spai
n
Swed
en UK
USA
Contributions to CIFCTF
ARMENIA BANGLADESH BENIN CAMBODIA ETHIOPIA GHANA HAITI HONDURAS KENYA KIRIBATI LESOTHO LIBERIA MADAGASCAR MALAWI MALDIVES MALI MONGOLIA NEPAL NICARAGUA RWANDA SIERRA LEONE SOLOMON ISLANDS TANZANIA UGANDA VANUATU YEMEN ZAMBIA
SREP pilots and demonstrates the economic, social, and environmental viability of low-carbon development pathways in the energy sector by creating new economic opportunities and increasing energy access through the use of renewable energy
Scaling-Up Renewable Energy in Low Income SREP Countries (SREP
Indicative pipeline
allocation
Approved funding Disbursed
TOTAL MDBSREP funding ($M)
811.4 288.73 50.4
Number of projects 66 25 18
BANGLADESH BHUTAN BOLIVIA CAMBODIA CARIBBEAN REGION DOMINICA ETHIOPIA GAMBIA GRENADA HAITI HONDURAS JAMAICA KYRGYZ REPUBLIC MADAGASCAR MALAWI MOZAMBIQUE NEPAL NIGER PACIFIC REGION PAPUA NEW GUINEA PHILIPPINES RWANDA SAMOA ST. LUCIA ST. VINCENT & THE GRENADINES TAJIKISTAN TONGA UGANDA YEMEN ZAMBIA
provides funding at scale to put country resilience plans into action and pilot innovative public and private sector solutions to pressing climate-related risks
CIF Pilot Program for Climate Resilience (PPCR)
Indicative pipeline
allocation
Approved funding Disbursed
TOTAL MDBPPCR funding ($M)
1,029.4 966.2 310
Project Count 66 60 53
BANGLADESH BRAZIL BURKINA FASO CAMBODIA CAMEROON CONGO REPUBLIC COTE D'IVOIRE DEMOCRATIC REPUBLIC OF CONGO ECUADOR GHANA GUATEMALA GUYANA HONDURAS INDONESIA LAO PEOPLE'S DEMOCRATIC REPUBLIC MEXICO MOZAMBIQUE NEPAL PERU RWANDA TUNISIA UGANDA ZAMBIA
provides a range of grant and non-grant finance options to catalyze policies and measures and mobilize funds to facilitate REDD+ and promote sustainable forest management.
CIF Pilot Forest Investment Program FIP
Indicative pipeline
allocation
Approved funding Disbursed
TOTAL MDB
FIP funding ($M) 707 403.8 121.2
Project Count 70 29 22
�17
• Evaluation and Learning• Stakeholder Engagement• Gender• Knowledge Sharing• Monitoring and Evaluation
CIF as a Learning Laboratory
18
1.2 Billion
Japan’s contributions to CIFPPCR103
FIP51
SREP34
CTF1056
sustainable forests
climate resilience energy access
clean technologies
0 275 550 825 1100
CONTRACTS
In million US$
350+M
1000+MINVESTMENTS
Geothermal resources in Indonesia (in MW)
installed1,800
potential29,000
up to
6%
10Billion
Japanese technology supports climate resilience in the Caribbean
�29
CTF
What’s new…
�30
Dedicated Private Sector Program III DPSP III
CTF
To finance low carbon operations that can deliver scale and speed while maintaining a strong link with CTF’s objectives.
�31
CTF
In Million $
Dedicated Private Sector Program III DPSP III
�32
CTF Business Development Facility | BDF
to provide funding for project development to be financed by the MDBs, private sector, governments, and others.
�33
�34
18 proposalsUS$ 13.82 million
Clean public transport | BRASIL
Battery storage systems| GLOBAL
Offshore wind | INDIA
CTF Business Development Facility | BDF
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