Climate Investment Funds has goal climate change mitigation
The Climate Investment Funds (CIF) was established in 2008 as a multilateral fund in order to finance pilot projects in developing countries at the request of the G8 and G20. The CIF administers a collection of programs with a view to helping nations fight the impacts of climate change and accelerate their shift to a low-carbon economy. Through contributions from 14 donor countries, CIF supports more than 350 projects in 72 low and middle-income countries on the frontlines of the climate crisis.Mafalda Duarte, a Portuguese national, is the current CEO of CIF. CIF works in partnership with governments, the private sector, civil society, local communities, and six major multilateral development banks (MDBs). These CIF partnerships have made available more than $60 billion from governments and the private sector to finance projects. These include the world's largest solar park, the first geothermal power plant in South America, and investments in Mexico’s wind power industry. CIF supports 10 of the UN’s 17 Sustainable Development Goals (SDGs).CIF investments are overseen by a governing board that provides equal authority to donor and recipient countries with input from official observers representing the private sector, civil society, and indigenous peoples.CIF consists of two funds, the Clean Technology Fund and the Strategic Climate Fund.