Climate Investment Funds

We are in Istanbul, #Türkiye, for an end-of-investment plan stocktake of a range of projects financed under CIF’s Clean Technology Fund (CTF). The “close out” meeting brought together Turkish government ministries of finance, energy, environment, and urbanization, and our multilateral development bank partners - as well as private sector and civil society representatives to look back at the results and transformations delivered. A few salient points emerged from the discussions: ⚡ CTF in Türkiye increased both the geographic reach of and access to renewable energy technologies, ⚡Successful CTF projects had catalytic effects that led to the scaling up of similar interventions in renewable energy and energy efficiency, ⚡CTF’s concessional finance was pivotal to supporting Türkiye’s first movers and spurring innovation. We are grateful to our partners from the Turkish Ministry of Treasury and Finance, Ministry of Energy (T.C. Enerji ve Tabii Kaynaklar Bakanlığı), and Ministry of Environment, Urbanization and Climate Change (Çevre Şehircilik ve İklim Değişikliği Bakanlığı), EBRD, IFC - International Finance Corporation, and The World Bank, as well as our participants from across Türkiye! Teşekkürler!

In the Brazilian state of Ceará, a landmark #greenhydrogen project is taking shape with $35M in support from the Climate Investment Funds. Ceará’s renewable energy and strategic port position #Brazil to become a global leader in green hydrogen and green #steel. Find out how this project is a “beacon for innovation” and how CIF and our partners at The World Bank are making this vision a reality. Learn more ⤵️ https://lnkd.in/en32pKU2

How did #SouthAfrica become a world leader in scaling #batterystorage systems? 🔋 With support from CIF, the African Development Bank Group, and The World Bank, South Africa launched Africa’s largest grid-scale #battery storage system in 2023. This groundbreaking project is not only increasing renewable energy capacity and reducing emissions but also serving as a transformative model for other countries in the region. By proving the viability of large-scale battery storage, South Africa is paving the way for a more sustainable and resilient energy future across Sub-Saharan Africa. Discover how these efforts are reshaping South Africa’s power grid and driving regional change ⤵️ https://lnkd.in/d7R2Uddc

As #Thailand’s energy demand surged, so did its reliance on costly imports. CIF’s early investment in #wind, #solar, and waste-to-energy projects helped unlock private sector involvement and accelerate the country’s green energy shift. Between 2014 and 2021, Thailand’s installed wind capacity increased seven-fold, while solar capacity more than doubled. Learn how this shift has significantly reduced emissions and set Thailand on a path to a sustainable, low-carbon future ⤵️ https://lnkd.in/entiSA6B Asian Development Bank (ADB), Electricity Generating Public Company Limited (EGCO)

Have you heard the news? 📰 The CIF Capital Markets Mechanism (CCMM), a world-first initiative that has already unlocked millions in private sector capital to accelerate financing for clean energy programs in developing countries, made a stunning market debut last week with a $500M inaugural bond, six-times oversubscribed! Learn more about how CCMM works ➡️ cif.org/ccmm Anshula Kant, African Development Bank Group, Asian Development Bank (ADB), EBRD, IFC - International Finance Corporation, Inter-American Development Bank, The World Bank, The World Bank Treasury (IBRD • IDA)

Heard of "Tiger New Energy", "KrossLinker" or "Intensel"? You may soon, as these women-led climate tech companies make their mark across Asia. With a $20M investment from our Clean Technology Fund and additional support from the Asian Development Bank (ADB), female-led startups are breaking barriers and providing life-changing climate solutions from creating EV batteries for rickshaws in #Bangladesh to AI solutions to help small companies identify climate risks. Meet the trailblazers who are not only creating sustainable futures—they’re paving the way for future women innovators. ➡️ https://lnkd.in/dA2GrAr6 #WomenClimateLeadership

As renewable energy from solar ☀️ and wind 🍃 sources rapidly grew, #SouthAfrica faced the challenge of capturing the power these plants generated. The country saw grid-scale battery storage technology as a way to dramatically speed up and deepen the penetration of clean energy into its national grid. But there was just one hitch: This had never been tried in Africa before. That's where our Clean Technology Fund (CTF), with its first-mover funding, partnered with the African Development Bank Group, IFC - International Finance Corporation, and The World Bank to support the South African government in creating the largest battery energy storage system on the continent. 🔋 Check out our Power Moves series to find out how South Africa became a leader in large-scale battery storage! https://lnkd.in/d7R2Uddc

If CIF were an animal would it be an elephant, octopus, fox, lion or a panda, perhaps? 🐘🐙🦊🦁🐼 A “tough” question for Team CIF as we regrouped to reflect and strategize after a historic market debut with the CIF Capital Markets Mechanism (CCMM) issuing its first bond last week. CCMM opens a new frontier for CIF and for climate finance more broadly. And as CIF CEO Tariye Gbadegesin reminded the team, “CIF is called to innovate, to pioneer, and to push the envelope!” ✨ We didn’t settle on an animal during the session, but as we look at the year ahead and beyond, we are redoubling our efforts to boost climate finance through private capital and support our developing country partners as they drive their own energy transitions. 🌍 #CIFCapitalMarkets #CIFdelivers

What a week! 💫 We issued a historic first bond under our CIF Capital Markets Mechanism (CCMM). This was made possible by unprecedented collaboration between CIF and our multilateral development bank implementing partners and our Clean Technology Fund (CTF) contributor countries, including the U.S. Department of the Treasury, Department for Energy Security and Net Zero, Finance Canada / Finances Canada, Ministry of Finance of Denmark, Ministry of Economy, Bundesministerium der Finanzen, Ministry of Finance - Japan, Spanish Ministry of Economic Affairs and Digital Transformation, and Sweden. We thank you for your inputs and partnership in the design, structure, and delivery of CCMM.  Together, we are charting a new course that engages the private sector, bridges funding gaps, and multiplies the clean energy efforts of our developing country partners.  Learn more 👉 cif.org/ccmm Sign up to receive updates 👉 https://lnkd.in/enPVuBEZ

🥳 We’re still celebrating our CIF Capital Markets Mechanism (CCMM) issuing its first $500 Million bond earlier this week!  What you need to know:  1️⃣ CCMM draws on our 16-year track record in climate finance and the solid balance sheet of our Clean Technology Fund (CTF) to unlock and catalyze private sector investments. 2️⃣ Public sector finance cannot meet the vast sums needed to address climate change. Engaging global capital markets means CCMM can unlock much-needed private funding to scale up climate investments. 3️⃣ CCMM is listed on the London Stock Exchange, giving institutional investors the opportunity to support the clean energy ambitions of developing countries. 4️⃣ With The World Bank serving as Treasury Manager and Trustee, CCMM is strategically positioned to deliver substantial impact by supporting global energy transitions.  This is a world first for a multilateral climate fund and is poised to transform the climate finance landscape. Learn more 👉 cif.org/ccmm   Register for updates on CCMM 👉 https://lnkd.in/enPVuBEZ