CIF at a glance
The AfDB is an implementing agency of the Climate Investment Funds (CIF), one of the largest fast-tracked climate financing instruments in the world (USD 6.5 billion).
The CIF are designed to channel scaled up financing—in form of grants, concessional loans and risk mitigation instruments—to developing countries through multilateral development banks (MDB), including the AfDB. The aim is to blend funding for climate solutions with other MDB, national, and private sector development resources, thereby leveraging substantial additional funds.
By supporting CIF implementation in Africa and adding its own substantial co-financing, the AfDB hopes to inspire investor confidence in the continent and generate even more financing for clean energy and climate compatible development.
Climate Investment Fund USD 6.5B
Clean Technology Fund (CTF) | Strategic Climate Fund (SCF) | ||
CTF worldwide: 4.5 B CTF in Africa: 1.9 B AfDB channeling 625 M | SCF worldwide: 2 B SCF in Africa: approximately 700 M AfDB channeling approximately 250 M | ||
Finance scaled-up demonstration, deployment and transfer of low emission technologies to initiate transformation to low emission development | Targeted programs with dedicated funding to pilot new approaches with potential for scaled-up, transformational action aimed at a specific climate change challenge or sectoral response. | ||
CTF Investment Plans | Pilot Program for Climate Resilience (PPCR) | Forest Investment Program (FIP) | Scaling Up Renewable Energy in Low Income Countries (SREP) |
Demonstrate, deploy and scale up renewable energy, energy efficiency, urban transport, commercialization of sustainable energy finance through local banks | Mainstream resilience in development planning | Reduce emissions from deforestation and forest degradation | Create economic opportunity, increase energy access through renewables |
Egypt, Morocco, Nigeria, South Arica, MENA region (Algeria, Egypt, Jordan, Morocco, Tunisia) | Mozambique, Niger, Zambia | Burkina Faso, DRC, Ghana | Ethiopia, Kenya, Liberia, Mali, Tanzania |
- 25/03/2013 - Tanzania’s Geothermal Roadmap to Tap Renewable Energy Resources with AfDB Support
- 27/02/2013 - AfDB Cites African Countries’ Integrated Climate Resilience Solutions in the Water Sector in CIF Global 2012 Annual Report
- 25/02/2013 - AfDB Supports Mozambique in Moving Closer to a Working Green Growth Action Plan
- 22/02/2013 - Nigeria Receives Approval for Additional CIF $50 million to Bolster Energy Efficiency and Renewable Energy Use with AfDB Support
- 22/02/2013 - First in Nigeria: African Sustainable Transport Preparation Grant Approved by Climate Investment Funds for AfDB Implementation
Documents
2012 CIF - Annual Report (5.1 MB)
