Climate Investment Funds (CIF)

14-Aug-2019

African Development Bank welcomes $20 million investment from the Clean Technology Fund for the Facility for Energy Inclusion

The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF)  on August 8, 2019 approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to  provide sustainable financing for small-scale renewables in Africa. FEI is a $500 million financing platform whose objective is to catalyze financial support for innovative energy access solutions.  FEI On-grid, a targeted USD 400 million fund, supports improved energy access through the development of small-scale renewable...
10-Jul-2019

Climate Finance Matters - 2019

20-Jun-2019

MDB climate finance hit record high of $43.1 billion in 2018

Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion. The latest MDB climate finance figures are detailed in the 2018 Joint Report on Multilateral Development Banks’ Climate Finance, which combines data from the African Development Bank, the Asian...
13-Jun-2019

COP22 - South African wind energy farm lights up over 120,000 homes while saving carbon emissions: AfDB/CIF-funded

In recent years, the South African electricity sector, once operationally efficient, ran into major capacity constraints. As a result, power rationing and other measures instituted to prevent the electricity system from collapsing affected the entire economy, especially the country's mining industry, leading to shutdowns of some of the largest mining operations, putting thousands of jobs at risk. In addition, climate change is affecting South African life, especially the poor population, and the country is a major emitter of greenhouse gases, generating its electricity largely from coal. As...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N°27 - August-October 2014

A SET OF BOLD AND AMBITIOUS COMMITMENTS to climate finance were made during the UN Climate Summit on September 23rd, which gathered around 120 heads of state. Pledges of around US$ 2.3 billion were made to the Green Climate Fund; over 150 supporters endorsed the New York Declaration on Forests, including countries who committed to halving deforestation by 2020 and ending it by 2030; and the Global Investment Coalition on Climate Change announced that it would double investments in climate change to US$ 84 billion by 2015 as well as increase current climate change investment 10-fold between...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N°32 - July-August 2015

2015 is a pivotal year for the African continent, a year which is shining a spotlight on development and climate. Among the many elements that signaled change this year, the new president of the African Development Bank, Dr. Akinwumi Adesina, took office in Abidjan on September 1. During his inauguration, the president emphatically announced the launch of a "New Deal" for energy in Africa. He said, "Unlocking Africa’s enormous energy potential, for Africa, will be a major focus of the Bank." To do this, he mentioned, among other things, the establishment of new strategic partnerships aimed...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 34 – COP 21 Special Issue – December 2015

There could perhaps have been no better end to 2015 than the adoption of the Paris Agreement by 196 Parties during the UN Climate Change Conference in December. Following nearly two decades of talks, the Parties agreed to reduce global warming to “well below 2°C and pursue efforts to limit the temperature increase to 1.5°C above preindustrial levels” by embracing clean energy options, while developed countries maintained their pledge to raise at least US$ 100 billion a year by 2020 to help developing countries transform their economies accordingly. For the African continent, this is good news...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 35 – January-February 2016

The African Development Bank (AfDB) has been accredited by the Executive Board of the Green Climate Fund (GCF) as an implementing agency and intermediary of the Fund. This paves way for additional climate finance to be channeled to African countries through the Bank. Climate adaptation and mitigation projects are equally eligible for much needed international funding—a position which was strongly championed by African negotiators at the December climate negotiations in Paris. This accreditation is a step in the right direction in mobilizing new and additional climate finance necessary for...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 37 – July-October 2016

AS WE EMBARK upon the 22nd Conference of the Parties to the UN Climate Change Convention, also known as COP22, twenty-one African countries have already ratified the Paris Agreement — a testament to their willingness to integrate actions against climate change into their development strategies, in line with not only the Agreement, but also the UN Sustainable Development Goals. The African Development Bank continues to provide the necessary financial and technical assistance to member country efforts to ensure development gains are not stalled by climate change. The Bank has aligned itself...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 38 – COP 22 Special Edition – January 2017

We are delighted to welcome you to our special issue of the Climate Finance newsletter. This issue prioritizes key highlights and prime activities from the 22nd edition of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22) from an African perspective. The entry into force of the Paris Agreement on the eve of COP22 reflected the commitment of the international community to make the agreement a reality. Two key issues were of particular importance to Africa at COP22: operationalizing the Paris Agreement and deploying means for its...
29-Apr-2019

Mali: Renewable Energy Week

Malian Renewable Energy Week (SemR) is organized by Mali’s Renewable Energy Agency (AER-Mali) and the Ministry of Energy and Water as part of the Renewable Energy in Mali Support Project (PAPERM), in partnership with the African Development Bank, the Climate Investment Funds Scaling Up Renewable Energy Program in low-income countries (CIF-SREP) and the Sustainable Energy Fund for Africa (SEFA). Its goal is to promote investments in Mali’s renewable energy sector. SemR gathers investors and manufacturers with the goal of responding to the renewable energy needs of...
26-Apr-2019

CIF@10 - Celebrating 10 Years of Climate Action

The year 2018 marked the 10th anniversary of the Climate Investment Funds (CIF), one of the largest funds in the world for climate-smart investments, across more than 300 projects in 72 middle-income and developing countries. The US$ 8 billion fund provides concessional financing from multiple sources to fight climate change through a flexible business model that seeks to develop capacity in renewable and efficient energy, sustainable transport, climate resilience and sustainable forest management. The fund adopts an inclusive governance model with equal representation of...
19-Mar-2019

Semaine malienne des énergies renouvelables : Le Mali sur la voie d’un avenir énergétique prometteur

Du 19 au 23 février 2019, s’est tenue la 1e édition de la Semaine malienne des énergies renouvelables (SemR) à Bamako, au Mali, sur le thème  « Investissons durablement dans l’avenir énergétique du Mali » La SemR était organisée par l’Agence des énergies renouvelables du Mali (AER-Mali) et le ministère malien de l’Énergie et de l’Eau, dans le cadre du Projet d’appui à la promo­tion des énergies renouvelables au Mali (PAPERM), en partenariat avec la Banque africaine de développement, les Fonds d’investissements climatiques à travers leur ...
13-Mar-2019

La Banque africaine de développement appuie la région du Sahel pour la mobilisation des ressources en faveur de la résilience face aux changements climatiques

Au lendemain de la première conférence des Chefs d’Etat et de Gouvernement des pays membres de la Commission Climat pour la Région du Sahel, tenue le 25 février 2019 à Niamey, au Niger, la Banque africaine de développement a co-présidé une table ronde des bailleurs de fonds portant sur le financement du Plan d’investissement climat pour la région (PIC-RS 2018-2030), et le Programme prioritaire pour catalyser les investissements climatiques au Sahel (PPCI 2020-2025). La Commission climat pour la région du...
21-Feb-2019

Investir durablement dans l’avenir énergétique du Mali

La première édition de la Semaine malienne des énergies renouvelables (SemR) a ouvert ses portes le 19 février, à Bamako, sous l’égide de l’Agence des énergies renouvelables du Mali (AER-Mali) et du ministère malien de l’Énergie et de l’Eau, dans le cadre du Projet d’appui à la promo­tion des énergies renouvelables au Mali (PAPERM), en partenariat avec la Banque africaine de développement, les Fonds d’investissements climatiques – à travers...
08-Feb-2019

Climate Investment Funds holds its ten-year anniversary summit at the world’s largest solar plant in Morocco

The Climate Investment Funds’ “The Power of 10: Shaping the Future of Climate Action” event took place on 28-29 January, 2019 in Ouarzazate, Morocco at the Noor concentrated solar power complex, the largest plant of its type in the world, providing renewable energy to more than 2 million households. The summit convened over 300 climate leaders from the public and private sectors for action-oriented dialogue on fighting climate change. Hon. Aziz Rabbah, Minister of Energy, Mines and Sustainable Development of Morocco, opened the celebration with a message of hope to African...
11-Jan-2019

Case Study – June 2018 - Geothermal Energy Powering Kenya’s Future – Menengai Geothermal Field Development Facilitated by Public-Private Partnerships

This case study was financed by the Climate Investment Funds (CIF), and prepared by Jan Van Den Akker from Baastel. A number of people contributed to the preparation of this case study. The author is grateful to Solomon ASFAW from African Development Bank (AfDB) and George Mwenda from Kenya’s Geothermal Development Company (GDC) and their respective teams for sharing their extensive knowledge of years of experience in coordinating this project. The author is also grateful for the valuable contributions provided by Leandro Azevedo (AFDB), Emmanuel Kouadio, Sandra Romboli and Rafael Ben from...
11-Jan-2019

Case Study – June 2018 – Facilitating Geothermal Field Development Through Public-Private Partnerchips in Menengai - Kenya

The core development challenge was to secure a reliable, sustainable and affordable power supply to meet current and future demand in Kenya, where energy demands are growing rapidly, and hydropower and fossil fuel thermal generation are increasingly unsustainable. To tackle this challenge, Kenya sought to increase production of geothermal energy, of which it has substantial resources. The Menengai project was undertaken by the Geothermal Development Company (GDC), set up by the government to undertake exploration and sell steam to independent power producers (IPPs). It was the first project...
03-Jan-2019

Climate Finance Newsletter - Issue N°43 - COP24 Special Edition - December 2018

THE AFRICAN DEVELOPMENT BANK, actively participated in COP24 with five broad objectives: building and strengthening partnerships to promote climate-resilient and low-carbon development in Africa, supporting African positions in negotiations, mobilizing finance, acquiring and sharing knowledge, and presenting the work of the Bank in aligning its investments with the Paris Agreement. At the end of the two week-long COP24, the African Development Bank’s Pavilion hosted some forty round tables and conferences addressing all aspects of the fight against climate change in crucial economic...
10-Dec-2018

COP24: From Policy to Action: Integrating Gender into National Climate Actions in Africa

“Women’s voice is critical, from local to the national, in planning and implementation.  We must ensure women are given the skills tools and finance to address the climate change challenge,”  Mafalda Duarte, Head of the  Climate Investment Funds, urged attendees  Monday, at a side-event  at the 24th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24). The event, titled ‘From Policy to Action: Integrating Gender into Nationally Determined Contributions (NDCs) and National Climate Actions in Africa,’ was held...