The Climate Investment Funds (CIF) was established in 2008 to deliver significant climate finance to developing countries, supporting low-emission and climate-resilient growth. CIF employs a country-led, programmatic, and participatory approach that prioritizes investments in line with national priorities. Its model encourages large-scale investment packages, promotes private sector engagement, and supports policy reforms aimed at fostering long-term sustainable development.
Our Industry Decarbonization Investment Program will invest in pioneering low carbon pathways in developing countries for heavy-emitting industries, notably clean technology supply chains.
We recently launched a Call for Expressions of Interest (EOIs) inviting eligible countries, and their multilateral development bank partners, to apply for up to $1 Billion in funding.
The Industry Decarbonization program aims to accelerate the transition of heavy-emitting industries in developing countries to zero-carbon practice and unlock investments in low to net zero-carbon and climate-resilient business models and technologies. CIF concessional finance may be deployed at multiple levels—industrial facility/technology, corporate, sectoral, and national as well as at the communities and workers’ levels—to address financial and capacity limitations preventing industrial corporate actors from investing in innovative and impactful low-carbon, climate-resilient technologies and associated infrastructure, as well as supporting just transitions.
CIF funding will support industries in transitioning to low-carbon technologies, reducing greenhouse gas (GHG) emissions, and enhancing energy efficiency, ultimately contributing to the global decarbonization agenda.
Countries interested in receiving funding through this program must submit an expression of interest by January 17, 2025.
The independent expert group will consist of six experts, acting in their personal capacities, chosen based on their strategic and operational expertise and experience in relevant areas, including industrial decarbonization, clean energy, power systems and markets, low-carbon technologies and associated supply chains, greenhouse gas (GHG) emissions, and enhancing energy efficiency, climate change, development economics, finance, climate policy, and gender and social development.
When formed, the group will select two co-chairs: one a national from a CIF eligible recipient country and the other a national from a CIF contributing country. The group will include a balance of experts from both contributing countries and eligible recipient countries and will consider geographic and gender balance as well.
The group will perform the following tasks in consultation with the CIF Secretariat and the MDBs:
Candidates must have: