Since the establishment of CIF, 15 contributor countries have contributed over USD10 billion in support of scaling up mitigation and adaptation action in low- and middle-income countries. With these resources, CIF has successfully mobilized additional finance from governments, the private sector, and MDBs, thereby channeling over USD62 billion in co-financing into climate change mitigation and adaptation in developing countries. CIF has invested in over 72 countries across low- and middle-income countries.
In June 2021, the G7 committed up to USD2 billion in additional resources for CIF and its groundbreaking work on energy transition. Also in 2021, Italy, when assuming the Presidency of the G20, joined CIF for the first time. Since 2019, ministers from 49 recipient countries have signed a joint ministerial statement, calling for CIF to be adequately resourced in light of the vital role we have played in the international climate architecture. G24 countries have also issued four communiques echoing this call between 2016 and 2019.
These endorsements, in recognition of CIF’s work and collaboration, are key to our ability to achieve transformational impact.
