Climate Investment Funds (CIF)

26-Sep-2016

Ghana wins US $24 million to restore and expand sustainable forests through innovative public-private partnership

Ghana received approval on Thursday, September 22, 2016 from the African Development Bank (AfDB) for a project to restore degraded forest reserves and double a sustainable forest plantation through a first-of-its-kind Public-Private Partnership (PPP) in its forest sector. The project is backed by a US $10-million concessional loan from the Climate Investment Funds’ Forest Investment Program (CIF FIP) approved on July 1, and supplemented by US $14 million in co-financing from the AfDB. The project approval comes a day after Ghana ratified the Paris Agreement on climate change at the UN in...
21-Jul-2016

AfDB Climate Finance Brochure 2016 - Spearheading change - The AfDB role in financing a climate-smart Africa

Premier $8.3 billion global public climate finance instrument with Multilateral Development Banks to support developing countries in renewables, sustainable transport, climate resilience, forests, agricu
01-Jun-2016

The Gambia awarded US $1.5 million to undertake a sweeping Strategic Program for Climate Resilience

With support from the African Development Bank (AfDB), The Gambia has been granted US $1.5 million under the Climate Investment Funds’ Pilot Program for Climate Resilience (CIF PPCR) to prepare a national Strategic Program for Climate Resilience (SPCR). Through the SPCR, the country will develop a double-edged set of solutions for its climate vulnerability, identifying programs to implement resilience actions while at the same time reducing barriers that exacerbate climate vulnerability. The Plan will be developed with support from two Multilateral Development Banks (MDBs), the AfDB as lead...
27-May-2016

African journalists join AfDB to explore the path to a green and powered Africa

In Lusaka during this week’s African Development Bank (AfDB) 2016 Annual Meetings, the Bank and the Earth Journalism Network (EJN), environmental program of the media development NGO Internews, hosted a Journalist Training Program for a selected group of African journalists. With the Annual Meetings focused on the theme Energy and Climate Change, the training program was designed to help participating reporters deepen their understanding of the issues Africa faces in achieving climate-smart development, and make use of contemporary tools and techniques for enhancing reporting on these complex...
24-May-2016

Climate Finance Bimonthly Newsletter - Issue N° 36 – March-April 2016

AFRICA faces a double-edged challenge: it must drastically increase its citizens’ access to basic power services; and at the same time it must meet its commitments under the climate change agreement. To accomplish this, African countries require substantial funding to develop energy services that draw on the continent’s abundant renewable resources. To support this, AfDB took a significant step forward with the approval of the Bank’s Group 2016-2025 Strategy for the New deal for Energy in Africa. The New Deal proposes to be a game changer for the continent’s energy sector. It will foster...
11-May-2016

Rwanda gets green light to prepare plan to sustainably enhance its forest resources

With support from the African Development Bank (AfDB), Rwanda has won approval of a US $250,000 grant under the Climate Investment Funds’ Forest Investment Program (CIF FIP) to prepare its national-level FIP Investment Plan (IP). Rwanda was selected by the CIF in May 2015 as part of a third round of countries approved for support by the FIP. With an ambitious target of covering 30% of its landmass by forests by 2020, the Government of Rwanda is committed to transforming its rural sector into a more sustainable and low carbon economy through sustainable forest management and preservation of...
07-Apr-2016

Kenya to tap into Rift Valley geothermal resources and strengthen private sector investment in renewable energy

With African Development Bank (AfDB) support, Kenya has received approval from the Climate Investment Funds’ Clean Technology Fund (CIF-CTF) for a US $29.65-million concessional loan to co-finance up to two geothermal projects to increase the country’s power capacity, particularly drawing on untapped geothermal resources in the Rift Valley. The programme will build on the energy advancements already underway in the successful development of the country’s showcase Menengai Geothermal Field. The CTF funds will create a concessional lending program designed to enhance the projects’ financial...
22-Mar-2016

Half of Africa’s nations advancing climate solutions to front burner in national development plans: report

The African Development Bank (AfDB) has released Financing Change: the AfDB and CIF for a Climate-Smart Africa, its 2015 Annual Report for its Climate Investment Funds (CIF) portfolio. The report demonstrates that by the end of 2015 through its AfDB-supported CIF portfolio, 27 African nations – half of Africa – had become engaged in various aspects of climate solutions, and through 39 pilot programs are embedding them in their national development economic and social goals. The work is also significant institutionally for AfDB because it serves as a critical support in shifting the Bank’s...
21-Mar-2016

Sierra Leone poised to transform renewable energy sector with strengthened public and private sector participation

Sierra Leone has received a $300,000 grant from the Climate Investment Funds (CIF) to prepare a far-reaching national Investment Plan (IP) to transform its renewable energy sector. The IP will be developed under the CIF’s Program for Scaling Up Renewable Energy in Low Income Countries (SREP) in a collaborative approach that includes multiple ministries and stakeholders throughout the country, including private sector, commercial and development banks, and non-governmental organizations (NGOs). The grant to prepare the IP builds on the 2014 decision by SREP to select Sierra Leone to run a US $...
09-Feb-2016

Climate Change Success Stories - Sere Wind Farm

on 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....
09-Feb-2016

Climate Change Success Stories - Ouarzazate solar complex (NOORo I; II and III solar plants)

Morocco currently depends on external sources for 95 percent of its primary energy needs. Between 2002 and 2012 alone, the country’s energy consumption increased by an average of 7.2 percent. Meanwhile, Morocco’s demand for primary energy is expected to triple, while demand for electricity is set to quadruple by 2030. In response to this, the country has prioritized improving its home-grown power supply under its new 2010 to 2030 energy strategy. One of its aims is to diversify sources of production and generate value from the potential of renewable energy sources to increase its share of...
09-Feb-2016

Climate Change Success Stories - Menengai Geothermal Development Project

Today, nearly 80% of Kenya's citizens lack access to basic energy services, and the country's population is rapidly growing. To provide widespread energy services while avoiding an increase in greenhouse gas emissions, the government is committed to developing affordable energy through a low-carbon pathway based on its abundant renewable resources, including geothermal. Although today only 13 percent of its current power comes from geothermal energy, the country has nearly 7,000 MW geothermal potential, enough to produce five times the population's entire energy needs.
04-Feb-2016

World's largest concentrated solar power plant in Morocco showcases AfDB's New Deal on Energy for Africa

On Thursday, February 4, 2016, King Mohammed VI of Morocco inaugurated the first phase of the country’s Noor Ouarzazate Concentrated Solar Power (CSP) plant, ushering in a new era for Africa’s sustainable energy future. The Noor Ouarzazate plant (NOORo), supported by the African Development Bank (AfDB) among other donors, is a keystone of Morocco’s solar Program (named Program Noor) to develop 2 GW by 2020 and create transformational impact on Morocco and the region. As such, it stands as a showcase example of the ambitious New Deal on Energy initiated by the Bank’s new President, Akinwumi...
04-Feb-2016

World’s largest concentrated solar plant opened in Morocco

Morocco has launched the first phase of the largest concentrated solar power (CSP) plant in the world. When fully operational, the plant will produce enough energy for more than one million Moroccan households. Inaugurated officially on Thursday, February 4, 2016 by His Majesty Mohammed VI of Morocco, the solar plant underlines the country’s determination to reduce dependence on fossil fuels, use more renewable energy, and move towards low carbon development. The three-plant Noor-Ouarzazate CSP complex called NOORo expects to achieve over 500 megawatts (MW) installed capacity,...
18-Jan-2016

Uganda awarded grant to prepare transformational Strategic Program for Climate Resilience

Uganda received approval on Thursday, January 14 of a US $1.5-million preparation grant from the Climate Investment Funds’ Pilot Program for Climate Resilience (CIF PPCR) to develop a national Strategic Program for Climate Resilience (SPCR). Once developed, the policy-based SPCR will pave the way for climate-resilient transformation in the country through a broad set of resilience projects to be implemented through a unique multi-stakeholder approach. The African Development Bank (AfDB) will support Uganda as the lead implementation agency for the SPCR. The country’s Ministry of Water and...
16-Jan-2016

AfDB Actively Participates in CIF Partnership Forum Knowledge Bazaar

The African Development Bank showcased its work in the domain of climate change in Africa through an array of printed and audiovisual materials at the CIF Partnership Forum on November 8-9, 2012 in Istanbul. The CIF in Action semi-annual report, published recently by the Bank’s Energy, Environment and Climate Change Department (ONEC), highlights the AfDB’s work in expanding access to international climate change financing and was prominently displayed at the entrance to the CIF Partnership Forum’s Knowledge Bazaar. The joint AfDB-World Wildlife Fund publication, Africa Ecological Footprint...
13-Nov-2015

Uganda receives endorsement of plan to transform energy through geothermal, solar and wind resources

At its governing body meetings this week, the Climate Investment Funds (CIF) endorsed Uganda’s far-reaching Investment Plan (IP) to transform its energy sector by building on its renewables resources including wind, solar and geothermal, and expanding the spread of sustainable energy throughout the country.  The plan, to be implemented under the CIF’s Program for Scaling Up Renewable Energy in Low Income Countries (SREP), will focus on geothermal development, solar PV off-grid rural electrification and-grid net metering, and wind measurement for development of pilot wind power...
13-Nov-2015

Rwanda gets go-ahead to transform its energy sector, builds on multi-program synergies to develop renewables

At its governing body meetings this week, the Climate Investment Funds (CIF) endorsed Rwanda’s Investment Plan (IP) to significantly develop much-needed off-grid electricity access for households, productive uses, schools, health centres and institutions throughout the country, particularly in rural areas. The plan, to be implemented with support from the World Bank and with the African Development Bank as a key partner, was awarded an indicative allocation of $50 million.  Designed under the CIF’s Program for Scaling Up Renewable Energy in Low Income Countries (SREP),...
11-Nov-2015

Climate Finance Bimonthly Newsletter - Issue N° 33 - September-October 2015

Speaking at a ministerial meeting on climate finance during the October WBG-IMF Annual Meetings in Peru, AfDB President, Akinwumi Adesina announced that the AfDB intends to nearly triple its climate financing to reach US$5 billion a year by 2020. As a result, AfDB’s climate spending will increase to total 40% of new investments by 2020, up from its current average of 26% solidifying the Bank’s commitment to addressing climate related challenges to Africa’s development. The Bank’s will target its financing equally towards adaptation and mitigation projects. Aside from increasing its own...
12-Oct-2015

Payment for Environmental Services - A promising tool for natural resources management in Africa

This publication is part of the work undertaken by the African Development Bank in the context of its new strategy for 2013–2022 driven by its twin objectives of “inclusive and increasingly green growth”. The Bank mobilizes climate finance—including from the Climate Investments Funds—for its regional member countries. It also provides technical assistance for them to engage on a low carbon and climate resilient development pathway.