20 June 2016: The governing bodies of the Climate Investment Funds (CIF) met to make decisions on the Funds’ future strategy. The meetings attracted the participation of over 150 experts from approximately 50 developing and donor countries, as well as international organizations and civil society. Following the official opening of the governing body meetings, on 12 June, the joint Clean Technology Fund (CTF) and Strategic Climate Fund (SCF) Trust Fund Committees met on 15 June. This meeting was followed by the CTF Trust Fund Committee Meeting on 16 June.

The CIF meeting took place from 12-17 June 2016, in Oaxaca, Mexico. The Sub-Committee of the Forest Investment Program (FIP) met on 16 June, and those of the Pilot Program for Climate Resilience (PPCR) and Scaling Up Renewable Energy in Low Income Countries Program (SREP) on 17 June.

The Joint CTF-SCF meeting agenda included, inter alia, a discussion on the strategic directions for the CIF, based on a ‘Strategic Directions’ paper, and a discussion on the second phase of the CIF’s gender action plan.

Issues on the agenda of the CTF included innovative ways to mobilize institutional investor capital, which is expected to unlock new investments into frontier areas that still require market development, including energy storage, distributed generation, sustainable transport, and residential and industrial energy efficiency.

The FIP and SREP meetings considered, inter alia, the investment plans of Mozambique and Bangladesh, respectively.

Also taking place during the CIF meetings was the CIF’s FIP Country Pilot Meeting, from 12-14 June, which served as a knowledge exchange forum for the 23 countries taking part in the FIP. The FIP is a US$775 million funding window that provides direct investments to support developing countries’ development and REDD+ objectives.

In addition to providing a space for interaction between countries, the meeting aimed to foster peer-to-peer learning related FIP investment plans and other forestry activities, and gather feedback on strategic direction for the FIP. Also during the meeting, host country Mexico showcased its community experiences in sustainable forest management (SFM).

A co-chairs’ summary of the meetings will be uploaded on the CIF events webpage. [CIF Press Release on CIF Meetings and FIP] [CIF Press Release on Mexico] [FIP Pilot Country Meeting June 2016 Webpage] [CIF Trust Fund Committee and Sub-Committee June 2016 Meetings Webpage] [CIF Events Webpage]