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International Climate Fund Business Case and Intervention Summary: Additional £75 million contribution to the Clean Technology Fund

This business case proposes a new contribution of £75m to the Clean Technology Fund

Document

International Climate Fund Business Case and Intervention Summary: Additional £75 million contribution to the Clean Technology Fund

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Detail

This business case proposes a new contribution of £75m to the Clean Technology Fund (CTF), one of the Climate Investment Funds (CIFs). The CIFs were set up in 2008 to provide learning for the international climate finance architecture and the CTF focuses on delivering large-scale greenhouse gas (GHG) emission reductions in countries with large mitigation potential. It is supporting 20 countries by helping to remove barriers to the uptake of low carbon technologies. Projects are underpinned by developing countries’ own plans for development and climate change action.