News

CIF Trust Fund Committees Approve Climate Resilience, Renewables and Forestry Projects

4 May 2012: The Climate Investment Funds (CIF) held meetings of the Pilot Program on Climate Resilience (PPCR) Sub-Committee, the Scaling Up Renewable Energy Program (SREP) Sub-Committee, the Strategic Climate Fund (SCF) Trust Fund Committee, the Clean Technology Fund (CTF) Trust Fund Committee, and the Forest Investment Program (FIP) sub-Committee, and approved new projects on climate resilience, renewable energy and forests.

The meetings took place from 30 April-4 May 2012, in Washington DC, US. On 30 April, the PPCR Sub-Committee endorsed five strategic programmes for climate resilience for the Caribbean and the Pacific, as well as for Tonga, Dominica and Yemen.

On 1 May, the SREP Sub-Committee reviewed the status of programme operations, confirmed the endorsement of the investment plan for Ethiopia, and endorsed the revised SREP Results Framework. An afternoon meeting of the SCF Trust Fund Committee subsequently approved the endorsed SREP Results Framework and discussed progress made under the three targeted programmes of the SCF.

The Joint Meeting of the CTF and SCF Trust Fund Committees was held from 1-2 May. Participants discussed the effectiveness of CIF operations, including enhancement of country coordination and stakeholder engagement, a new communications strategy, the promotion of private and public sector engagement, and refinement of the CIF result frameworks.

The CTF Trust Fund Committee meeting, held on 3 May, endorsed an investment plan for Chile, agreed on targets to monitor delivery of CTF projects and on a process for managing projects arising from new investment plans, which will enable Nigeria, India, and Chile to receive CIF funding for a portion of their investment plans.

Finally, the FIP sub-Committee meeting, held on 4 May, endorsed the investment plan for Brazil and heard reports on progress in plans under preparation for Indonesia and Ghana. Participants will also continue considering options for allocating funding under the FIP reserve to promote innovative projects and private sector involvement. [CIF Meeting Documents] [IDB Press Release] [CIF Press Release] [AfDB Press Release]