Active Private Sector Observer Seats
CMIA holds Active Private Sector Official Observer Seats on the Boards of the following funds:
Private Sector Official Observer Seats
Private Sector Official Observers are invited to attend the meetings of the Board and Participant Committees.
We may express our views on issues under discussion but hold no voting rights to any decision of the Board or Participants Committee. Being at these Board meetings and contributing to the Participant Committees gives CMIA insight and knowledge into the funds that deploy capital for climate finance and investment. Furthermore, our private sector views are seriously encouraged and given consideration to by these large donor institutions as our membership is comprised of companies actively involved in the daily business of climate finance and investment.
CMIA participates in the preparation of these Board meetings and Participant Committees with their technical expertise such that the views submitted are the contribution of the collective society. In this way we influence plus provide thought leadership and true knowledge exchange between the private and public sectors, enabling the public institutions to develop and implement effective market and finance solutions to combat climate change.
Green Climate Fund
The Green Climate Fund is the world’s only financial institution devoted solely to climate finance in the developing world. The CMIA holds one of the two active Private Sector Observer seats on the UN Green Climate Fund Board. As such, CMIA leads a global coalition of private sector players who are interested in how to mobilise private finance through the GCF, ensuring that their voice is heard by the GCF board to facilitate the design of effective finance and market solutions to combat climate change. The GCF is designed to help channel some of the US$100billion per year that developed countries have pledged to mobilise in climate finance targeted at developing countries by 2020.
Climate Investment Fund
The $8.3 billion Climate Investment Funds (CIF) is providing 72 developing and middle income countries with urgently needed resources to manage the challenges of climate change and reduce their greenhouse gas emissions. The CIF is comprised of four programs:
- $5.6 billion Clean Technology Fund (CTF)
- The $1.2 billion Pilot Program for Climate Resilience (PPCR)
- The $780 million Scaling Up Renewable Energy in Low Income Countries Program (SREP)
- The $775 million Forest Investment Program (FIP)
Forest Carbon Partnership Facility
The Forest Carbon Partnership Facility (FCPF) assists developing countries in their efforts to reduce emissions from deforestation and forest degradation and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks. All these activities are commonly referred to as “REDD+”. The FCPF is a multi-stakeholder partnership including 47 developing forest countries. There are 15 financial contributors comprised of developed countries, private sector participants and NGO and the Fund capital is $850 million. This is split between two separate but complimentary funding mechanisms:
- $385 million for the Readiness Fund
- $465 million for the Carbon Fund