Carbon Initiative for Development

• 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.
• Through 2025, Ci-Dev will have mobilized more than $250 million in private finance to provide low-carbon energy to more than 10 million people in the communities most vulnerable to climate change.

Objectives

• To support private sector-led and -driven business models in the energy access sector that are both innovative and transformative by using results-based climate finance (RBCF).
• To identify and support the specific and targeted uses of carbon revenues that may have an impact on these business models.
• To test whether and how these roles of carbon revenues generate a hypothesized impact via execution of a robust knowledge management work program.
• To generate lessons learned about how post-2020 transitions can take place using a real-world portfolio.

Source: https://www.thegef.org/