Development-bank climate funds seek new dollars, as competition heats up


The $8.3-billion Climate Investment Funds (CIF)..
have less than $1 billion to commit – and are likely to run out of money this year, having received no new contributions since 2014, CIF head Mafalda Duarte told the Thomson Reuters Foundation.

The multi-billion-dollar Green Climate Fund (GCF) has also launched a process to refill its coffers for the first time, set to culminate in a pledging conference in October….

An excerpt from Reuters