The Carbon Fund - The Carbon Initiative for Development (Ci-Dev)

Climate Objective
Mitigation
Sectors and Themes
Energy
Type of Support Provider
Multilateral
Type of Recipient
Public entity at the national level
Public entity at the sub-national level
Public entity at the regional level
Co-financing Requirement
No
Trustee or Administrator
World Bank
Region
East Asia and Pacific
Europe and Central Asia
Middle East and North Africa
South Asia
Sub-Saharan Africa

The Carbon Initiative for Development (Ci-Dev) builds capacity to access carbon finance, mainly surrounding energy access in developing countries. Ci-Dev uses performance payments based on reduced emissions to support projects that use clean and efficient technologies in low-income counties. The Carbon Fund provides performance-based payments to energy access programs in the form of purchases of certified carbon emission reductions.

Support Provider

The United Kingdom (Department for Business, Energy & Industrial Strategy (BEIS)), Climate Cent Foundation, and the Swedish Energy Agency.

Purpose of Support
Project and program implementation
Funding Type
Other
Eligible Countries

Countries must be eligible for official development assistance (ODA).

Information on how to

Ci-Dev has signed emission reduction purchase agreements (ERPAs) for eight projects in sub-Saharan Africa, and is currently completing due diligence on an additional four projects. More information is available here.