ENC: CIFs Monitor 9

[Carolina Weiler Thibes]

 

 

De: pkj...@brettonwoodsproject.org [mailto:pkj...@brettonwoodsproject.org]
Enviada em: segunda-feira, 16 de junho de 2014 10:28
Para: Carolina Weiler Thibes
Assunto: CIFs Monitor 9

 

 

Dear CIFs Observers

 

As the latest round of the Climate Investment Funds meetings are due to start in Jamaica next week, please find attached the latest edition of the Bretton Woods Project’s CIFs Monitor, summarising events since the last meetings in October/November.

 

A brief summary of key developments and concerns:

 

·         A first draft of the Climate Investment Fund (CIF) evaluation report was released, but the short window for public comments was criticised by Indonesian NGOs. Proposals to increase the CIF observers’ and the committees’ efficiency were approved. The CIFs continued to monitor developments at the UN’s Green Climate Fund, but delayed considerations of the CIF ‘sunset clause’.

 

·         Clean Technology Fund (CTF) use of “risky financing instruments” in the private sector programme was criticised by donors. Questions were raised if the poorest would be ignored in projects in India, Indonesia and the Philippines. Geothermal energy continues to be controversial, with questions raised on projects in Chile, Mexico and Indonesia. The use of financial intermediaries in a Nigeria project was questioned and political risks of projects in Ukraine.

 

·         Progress continues to be slow with the Pilot Program for Climate Resilience (PPCR) , including on stakeholder meetings and inclusion of gender considerations. A second round of proposals for the private sector set aside has been launched. Concerns on fiduciary risks, including corruption, were raised on a Bangladesh project. Other questions were raised on justification for PPCR funds for projects in Haiti and Grenada, and on weak stakeholder engagement in Mozambique.

 

·         A report on the Forest Investment Program (FIP) and REDD+ will be discussed in the June meeting. Initial funding for MDB services under the Dedicated Grant Mechanism for indigenous peoples and local communities were approved for Indonesia, Burkina Faso and Peru. After much criticism from indigenous peoples groups, the Peru investment plan was approved in October. A civil society letter raised further criticism on the Indonesia investment plan. Community benefits from payments for emissions reductions were questioned in the Democratic Republic of Congo.

 

·         Countries on the reserve list for the Scaling up Renewable Energy Program in Low Income Countries (SREP) with endorsed investment plans have been included in the list of pilot countries. Additional countries were invited to apply, with 12 to be considered in the June meeting. Concerns were raised about geothermal energy and short turnaround time for Armenia’s investment plan. Energy export plans were questioned for an Ethiopia project and affordability was questioned for projects in Ethiopia and Nepal.

 

The Monitor is also shortly available online on http://www.brettonwoodsproject.org/publications/climate-investment-funds-monitor-9/.

 

Many thanks for checking the content of earlier versions - do let me know if you spot any major errors.

 

I look forward to hopefully seeing most of you in Jamaica!

 

Kind regards

 

Petra

____________________________________
Petra Kjell
Programme Manager

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