tailieunhanh - The Clean Technology Fund: Insights for Development and Climate Finance

The United States and other industrialized countries have committed to financial assistance for environmental initiatives through several multilateral agreements (., the Montreal Protocol (1987), the United Nations Framework Convention on Climate Change (1992), United Nations Convention to Combat Desertification (1994), and the Copenhagen Accord (2009)). International financial assistance takes many forms, from fiscal transfers to market transactions, and includes foreign direct investment (FDI), bilateral overseas development assistance (ODA), and contributions to multilateral development banks (MDB) and other international financial institutions (IFI), as well as the offering of export credits, loan guarantees, insurance products, etc. . | WORKING PAPER WORLD RESOURCES INSTITUTE The Clean Technology Fund Insights for Development and Climate Finance Smita Nakhooda This working paper summarizes key innovations and challenges of the Clean Technology Fund. It analyzes the investment plans that the Fund has endorsed to date and makes the case for greater emphasis on institutional capacity and governance in program design. World Resources Institute Working Papers contain preliminary research analysis findings and recommendations. They are circulated without a full peer review to stimulate timely discussion and critical feedback and to influence ongoing debate on emerging issues. Most working papers are eventually published in another form and their content may be revised. Suggested Citation Nakhooda S. The Clean Technology Fund. WRI Working Paper. World Resources Institute Washington DC. Online http gfi March 2010 The billion Climate Investment Funds CIFs were established in January 2008 to operate until 2012 and are administered by the World Bank Group. They include a Clean Technology Fund CTF and a Strategic Climate Fund SCF that supports several lines of programming including a Pilot Program on Climate Resilience PPCR a Forest Investment Program FIP and a Scaling Up Renewable Energy Program SREP . Regional Development Banks including the Inter-American Development Bank IDB Asian Development Bank ADB African Development Bank AfDB and the European Bank for Reconstruction and Development EBRD are partners in the CIFs. The CIFs were prompted by a joint commitment from the governments of the United Kingdom the United States and Japan to pool their efforts to help developing countries bridge the gap between dirty and clean technology. and boost the World Bank s ability to help developing countries tackle climate change. 1 As of January 2010 thirteen donor governments have also pledged funds to the CIF. The bulk of these funds billion are dedicated to the CTF see Table 1 to support the .

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