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.
The United Kingdom (Department for Business, Energy & Industrial Strategy (BEIS)), Climate Cent Foundation, and the Swedish Energy Agency.
Countries must be eligible for official development assistance (ODA).
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.