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

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

The Carbon Initiative for Development (Ci-Dev) is a World Bank trust fund that mobilizes private finance for clean energy access in low-income countries. It delivers results-based finance to innovative and transformative business models driven by the private sector. Through 2025, Ci-Dev will have mobilized more than $250 million in private finance to provide low-carbon energy to more than 10 million people in the communities most vulnerable to climate change.

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.