The Climate Investment Funds (CIF) is calling for proposals to enhance the involvement of the private sector under the Pilot Program for Climate Resilience (PPCR) and the Forest Investment Program (FIP).
April 2013: The Climate Investment Funds (CIF) is calling for proposals to enhance the involvement of the private sector under the Pilot Program for Climate Resilience (PPCR) and the Forest Investment Program (FIP).
PPCR distributes US$70 million to stimulate innovative programmes and projects enabling the private sector to reduce countries’ exposure to climate risk and uncertainty, while FIP distributes over US$50 million to engage the private sector in REDD+.
With respect to the PPCR, selected proposals are required to be aligned with the objectives of the endorsed Strategic Program for Climate Resilience (SPCR) of one of the following countries or regions: Bangladesh, Bolivia, Cambodia, Dominica, Grenada, Haiti, Jamaica, Mozambique, Nepal, Niger, Saint Lucia, Saint Vincent and the Grenadines, Papua New Guinea, Samoa, Tajikistan, Tonga, Yemen, Zambia, and the Pacific or Caribbean. The criteria for selection involve three aspects: level of innovation; 9-18 months deadline for implementation after funding approval; and previous successful experience in implementing projects under the endorsed SPCR.
The eligible projects under the FIP must be from one of the eight countries engaged in that Program: Brazil, Burkina Faso, DR of Congo, Ghana, Indonesia, Lao PDR, Mexico, and Peru. FIP investment criteria are: climate change mitigation potential; demonstration potential at scale; cost-effectiveness; implementation potential; contribution to sustainable development (co-benefits); and safeguarding the integrity of natural forests.
The CIF’s Program for Scaling Up Renewable Energy in Low Income Countries (SREP) is also calling for proposals from Multilateral Development Banks (MDBs) and pilot countries to initiate the development of concept proposals for programmes and projects to engage the private sector in the expansion of renewable energy and energy access.
The first round of funding allocations for FIP, PPCR and SREP will be selected by the CIF governing bodies in November 2013. As CIF partners, the African Development Bank (AfDB), the Asian Development Bank (ADB), the Inter-American Development Bank (IDB) and the World Bank Group, including the International Finance Cooperation (IFC), will implement the projects. [CIF Press Release] [IISD RS Story on the Call for Proposals from SREP] [PPCR Design Document] [FIP Design Document]