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