News

CIF Strategic Climate Fund Holds Program Meetings

24 June 2010: The Climate Investment Funds (CIF) Sub-Committee meetings took place from 22-24 June 2010, in Washington DC, US. These included meetings of the following target programs of the CIF Strategic Climate Fund (SCF): the Program for Scaling Up Renewable Energy in Low Income Countries (SREP); the Pilot Program for Climate Resilience (PPCR); and the Forest Investment Program (FIP).

Ethiopia, Honduras, Kenya, Maldives, Mali and Nepal were selected by the SREP to undertake the first pilot programmes to scale up renewable energy, transform their energy sectors and shift the market toward renewables.

Brazil, Democratic Republic of Congo and Mexico were selected as pilots for the FIP to reduce deforestation and forest degradation in developing countries (REDD), and promote sustainable management of their forests.

Finally, Bolivia, Cambodia, Mozambique, Tajikistan and Yemen, which are already undertaking activities under the Pilot Program for Climate Resilience (PPCR), were each awarded US$1.5 million to begin preparation of their national-level Strategic Programs for Climate Resilience (SPCR) and build capacity for their implemention. [CIF Website] [World Bank Press Release] [CIF Sub-Committees Meeting Website]