The Climate Finance Work Program 2011-2012 concretizes the International Development Finance Club’s (IDFC) first strategic topic of mutual interest. Across the globe, financing access to clean and sustainable energy is on the top of today’s development agenda. It is key to strike a balance between providing improved energy access and clean energy supply.
As international climate negotiations of the United Nations Framework Convention on Climate Change (UNFCCC) struggle to strike this balance, IDFC strives to make a major concerted contribution by mobilizing green growth potential (including energy efficiency, climate mitigation and adaptation) in the countries in which its Members are active.
Through this, we, as efficient development finance institutions, can contribute to an effective execution of the UN’s Green Climate Fund (GCF), a core building block of the emerging international climate finance architecture. We therefore position ourselves as a functional body of cooperating institutions, e.g. by presenting a joint strategy for a smart operational partnership with the GCF and by benefiting from know-how exchange as well as highlighting showcases.
The Climate Finance Work Program 2011-2012 has begun by appointing high level representatives to promote a smart partnership with the UN Green Climate Fund. Aside from publishing strategy briefs and information on Club Members’ joint green growth activities, the Climate Finance Work Program will also provide training activities for Members as well as documentation of climate finance showcases.
Publications of the Climate Finance Work Program can be found in the Press & Publications section of this website.
Press & Publications
IDFC Development Banks propose Smart Partnership for UN Green Climate Fund
IDFC members offer to be part of the solution building a Smart Partnership with the GCF in serving as accredited implementing entities to channel climate finance into programmes and projects in a country and regional driven basis.
IDFC members can implement climate programmes in a timely and efficient manner, by leveraging, intermediating and delivering resources, including grants, loans and technical assistance through established and trusted implementation channels.
IDFC members aim to collectively significantly expand financing for climate and environment projects and to strengthen the climate resilience of their investments.
The IDFC members pledge their support to the constituencies that they serve
- to leverage the resources of the Green Climate Fund and establish standards for nationally appropriate mitigation actions (NAMAs) and national adaptation programmes of action (NAPAs)
- to finance green economy investments (such as green infrastructure investments)
- to create climate finance monitoring, reporting and verification frameworks to track impacts over time, and
- to develop new and enhancing existing market based mechanisms to increase the pool of funding available.
The IDFC members pledge their support to the GCF design and governing structures (including the Board to be established) to contribute their technical expertise and knowledge in the development of the GCF’s programmes, financing strategies, policies, procedures and portfolio management.
The IDFC believes this Smart Partnership will contribute to the GCF’s purpose of making a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.
Smart Partnership Proposal.