WORKING PAPER: Catalyzing Low Carbon Development? The Clean Technology Fund
1
Catalyzing Low Carbon Development?
The Clean Technology Fund
SMITA NAKHOODA
This working paper
summarizes key
innovations and challenges
associated with the Clean
Technology Fund. It
analyzes the first set of
clean technology
investment plans from
Egypt, Mexico, and Turkey,
and makes the case for
greater emphasis on
institutional capacity and
governance in measuring
program results.
May 2009
World Resources Institute
Working Papers contain
preliminary research, analysis,
findings, and
recommendations. They are
circulated without a full peer
review to stimulate timely
discussion and critical
feedback and to influence
ongoing debate on emerging
issues. Most working papers
are eventually published in
another form and their content
may be revised.
Suggested Citation: Nakhooda, Smita.
“Catalyzing Low Carbon
Development? The Clean Technology
Fund” WRI Working Paper. World
Resources Institute, Washington DC.
Online http://www.wri.org/iffe
Background to the CIFs
The Climate Investment Funds (CIFs) were established in
January 2008, and are administered by the World Bank
Group. They include a Clean Technology Fund (CTF) and a
Strategic Climate Fund (SCF) that will support several lines of
programming including a Pilot Program on Climate Resilience
(PPCR), a Forest Investment Program (FIP), and a Scaling Up
Renewable Energy Program (SREP). Regional Development
Banks including the Inter-American Development Bank
(IDB), Asian Development Bank (ADB), African
Development Bank (AfDB) and the European Bank for
Reconstruction and Development (EBRD) are partners in the
CIFs.
The CIFs, and particularly the CTF, have had fundraising
success….
The CIFs were prompted by a joint commitment from the
governments of the United Kingdom, the United States and
Japan to pool their efforts to “help developing countries
bridge the gap between dirty and clean technology…