{"id":73086,"date":"2025-11-12T14:43:01","date_gmt":"2025-11-12T09:13:01","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=73086"},"modified":"2025-11-12T14:48:18","modified_gmt":"2025-11-12T09:18:18","slug":"climate-investment-fund","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/climate-investment-fund\/","title":{"rendered":"Climate Investment Fund"},"content":{"rendered":"<h2><b>Climate Investment Fund Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, during COP 30 of UNFCCC, Germany and Spain announced a $100 million commitment for the Climate Investment Fund\u2019s (CIF) new programme called Accelerating Resilience Investments and innovations for Sustainable Economies (ARISE).<\/span><\/p>\n<h2><b>About Climate Investment Fund<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was <\/span><b>launched in 2008.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a <\/span><b>multilateral climate fund<\/b><span style=\"font-weight: 400;\"> that enables climate action in over 70 low and middle income countries.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Purpose:<\/b><span style=\"font-weight: 400;\"> The purpose of CIF is to finance comprehensive measures for <\/span><b>climate change mitigation and adaptation<\/b><span style=\"font-weight: 400;\"> in <\/span><b>developing and emerging economies.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">CIF deploys highly concessional finance to empower <\/span><b>transformations in clean technology,<\/b><span style=\"font-weight: 400;\"> energy access, climate resilience, nature-based solutions, and other areas.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>CIF comprises two funds:<\/b><span style=\"font-weight: 400;\"> the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is the only climate fund w<\/span><b>orking exclusively through six AAA-rated multilateral development banks<\/b><span style=\"font-weight: 400;\"> (MDBs) namely;<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Asian Development Bank, African Development Bank, European Bank for Reconstruction and Development, Islamic Development Bank International Finance Corporation and World Bank<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Governance:<\/b><span style=\"font-weight: 400;\"> The <\/span><b>Clean Technology Fund (CTF) Trust Fund Committee<\/b><span style=\"font-weight: 400;\"> is the decision-making body responsible for determining and overseeing the operations and activities of the fund.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In 2024, CIF became the first multilateral climate fund to <\/span><b>list bonds on the capital markets,<\/b><span style=\"font-weight: 400;\"> with the <\/span><b>CIF Capital Markets Mechanism (CCMM).<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Secretariat:<\/b><span style=\"font-weight: 400;\"> The CIF Secretariat is hosted by the <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/world-bank-group\/\" target=\"_blank\"><b>World Bank<\/b><\/a><\/span><b>.<\/b><\/li>\n<\/ul>\n<p><b>Source: <\/b><a href=\"https:\/\/economictimes.indiatimes.com\/news\/international\/world-news\/germany-spain-commit-100-million-to-climate-change-adaptation-plan\/articleshow\/125232991.cms\" target=\"_blank\" rel=\"nofollow noopener\"><strong>ET<\/strong><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Climate Investment Fund is a multilateral climate fund that enables climate action in over 70 low and middle income countries. Read more about Climate Investment Fund, Purpose, Governance, Latest News.<\/p>\n","protected":false},"author":24,"featured_media":73124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3673,246,21,23],"class_list":{"0":"post-73086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-climate-investment-fund","9":"tag-prelims-current-affairs","10":"tag-prelims-pointers","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/73086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=73086"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/73086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/73124"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=73086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=73086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=73086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}