USD 250 million to be mobilized through 2025.
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. Ci-Dev comprises two reinforcing components, the Readiness Fund and the Carbon Fund.
- The Readiness Fund finances capacity building activities in least developed countries to develop standardized baselines and technical assistance for energy access programs. It supports the development of new methodologies and proposals for simplified Clean Development Mechanism (CDM) rules, and dissemination of results. Where needed, it also provides technical assistance to the projects and programs supported by the Carbon Fund.
- The Carbon Fund provides performance-based payments to low-carbon investments in the form of purchases of certified carbon emission reductions.
Ci-Dev is supported by the Department for Energy Security & Net Zero (DESNZ), Climate Cent Foundation, and the Swedish Energy Agency.
Funding Type
Monitoring and Reporting Procedures
Ci-Dev developed and supports the Standardized Crediting Framework (SCF), which is a streamlined, country-owned emissions reduction crediting framework that improves transparency of national crediting decision making, reduces transaction costs, and shortens the time it takes to generate those emissions reductions.
Ci-Dev utilizes the SCF within its programs, inclusive of the framework's monitoring, reporting, and verification (MRV) component.
Organizational and Decision Making Structure
Ci-Dev is a trust Fund managed by the World Bank.
Eligibility Criteria
Please visit Ci-Dev's 'Programs' webpage for additional information on country-specific programs and requirements: https://www.ci-dev.org/index.php/programs
Eligible Countries
Countries must be eligible for official development assistance (ODA).
Ci-Dev has signed emission reduction purchase agreements (ERPAs) for over 15 projects in sub-Saharan Africa. More information is available here.