In News:

At the COP30 Climate Summit in Belém, Brazil, the Climate Investment Funds (CIF) launched a new climate-resilience initiative -ARISE (Accelerating Resilience Investments and Innovations for Sustainable Economies).Germany and Spain jointly committed USD 100 million as the program’s initial funding.

About ARISE Program

• ARISE is a next-generation climate resilience initiative aimed at enabling developing nations to withstand and adapt to increasing climate shocks such as floods, droughts, storms, and economic disruptions.
• Objectives

• Integrate climate resilience into national economic planning.
• Strengthen the adaptive capacity of vulnerable economies.
• Mobilisecatalytic finance for adaptation.
• Convert climate risks into opportunities for sustainable and inclusive growth.
• Facilitate investments from:
  • Multilateral Development Banks (MDBs)
  • Climate funds
  • Private sector

• Key Functions
  • Support countries in embedding resilience into development strategies.
  • Unlock new financing channels and reduce investment risks.
  • Enhance institutional and community-level preparedness.

About Climate Investment Funds (CIF)

• A $13 billion multilateral climate finance mechanism established in 2008, housed within the World Bank Group.
• Purpose: To provide concessional finance to developing countries for:

• Low-carbon development
• Climate resilience
• Clean technology deployment
• Nature-based solutions

• Coverage: Supports climate action in 70+ low- and middle-income countries.
• Institutional Framework: CIF is implemented through six Multilateral Development Banks (MDBs) including:

• World Bank
• IFC
• Asian Development Bank (ADB)
• African Development Bank (AfDB)
• European Bank for Reconstruction and Development (EBRD)
• Inter-American Development Bank (IDB)

This MDB-based structure ensures country-led implementation and strong international coordination.

Structure of CIF

CIF consists of two core funding windows:

1. Clean Technology Fund (CTF)

Focus:

• Renewable energy
• Clean transportation
• Energy efficiency

2. Strategic Climate Fund (SCF)

Focuses on innovative pilot initiatives such as:

• Pilot Program for Climate Resilience (PPCR)
• Forest Investment Program (FIP)
• Smart Cities Program

Finance Model

CIF operates on a blended finance approach:

• Combines concessional funding with MDB and private investments.
• Reduces financial risks to attract large-scale commercial capital.
• Catalyses transformational climate investments.