Head of Multi-billion Climate Investment Funds (CIF) says SDGs and Climate Week send a loud and clear message
With the Sustainable Development Goals now adopted and Climate Week drawing to a close in New York, Mafalda Duarte, Program Manager of the Climate Investment Funds says the activity and impetus around climate and development sends “a loud and clear message” ahead of climate negotiations in Paris.
She said: “2015 is a crucial year for both climate and development. We saw very clearly in New York that the 
.”
“The events of the past week send a loud and clear message to leaders to reduce greenhouse gas emissions and support vulnerable communities to adapt to climate change when they meet in Paris.”
“The Multilateral Development Banks have all expressed their support for and commitment to the Sustainable Development Goals. The CIF has been key in supporting MDBs scale-up their climate finance action and looks forward to doing even more in the future.”
About the Climate Investment Funds
The Climate Investment Funds (CIF) is providing 72 developing and middle income countries with urgently needed resources to mitigate and manage the challenges of climate change and reduce their greenhouse gas emissions. The CIF allocates financing through four funding windows:
The $5.3 billion Clean Technology Fund (CTF) provides middle-income countries with highly concessional resources to scale up the demonstration, deployment, and transfer of low carbon technologies in renewable energy, energy efficiency, and sustainable transport.
The $785 million Forest Investment Program (FIP) supports efforts of developing countries to reduce deforestation and forest degradation and promote sustainable forest management that leads to emissions’ reductions and enhancement of forest carbon stocks (REDD +).
The $1.2 billion Pilot Program for Climate Resilience (PPCR) is helping developing countries integrate climate resilience into development planning and offers additional funding to support public and private sector investments for implementation.
The $796 million Scaling Up Renewable Energy in Low Income Countries Program (SREP) is helping to deploy renewable energy solutions for increased energy access and economic growth in the world’s poorest countries.
About Mafalda Duarte
Mafalda Duarte is the Manager of the $8.1 billion Climate Investment Funds (CIF). She has over 15 years of work experience and in-depth knowledge in development and climate change. She has been responsible for the design and implementation of several funding mechanisms and new thematic programs. She holds degrees in international relations, economic policy management and climate change.