- Blog
- Climate & Energy Justice
- 100 groups call for Climate Investment Funds to sunset
100 groups call for Climate Investment Funds to sunset
Donate Now!
Your contribution will benefit Friends of the Earth.
Stay Informed
Thanks for your interest in Friends of the Earth. You can find information about us and get in touch the following ways:
Ahead of this week’s meeting of the trust funds of the World Bank’s Climate Investment Funds, 100 groups have called for the CIFs to finally sunset, now that the Green Climate Fund is clearly operational. Two-thirds of the groups are from developing countries.
Here’s the letter.
June 14, 2016
Dear Trust Fund Committee Members of the Strategic Climate Fund and Clean Technology Fund:
Now that it has approved projects and is beginning to disburse money, the Green Climate Fund is clearly operational. It is thus also unambiguously clear that it is time for the World Bank’s Climate Investment Funds to sunset.
Since their inception, the CIFs were meant to be interim funds. In 2008, the sunset clauses of the Strategic Climate Fund and the Clean Technology Fund said, “…the SCF will take necessary steps to conclude its operations once a new [UNFCCC] financial architecture is effective…” and “the CTF will take necessary steps to conclude its operations once a new [UNFCCC] financial architecture is effective.”[1] That new financial architecture – the Green Climate Fund – is now indisputably effective. The CIFs’ raison d’etre has expired; attempts to reinterpret the obvious must cease.
Unlike the multilateral development bank-driven CIFs, the GCF was set up according to the principles of the United Nations Framework Convention on Climate Change. With a governance structure evenly split between developed and developing countries, the GCF is founded on a “country-driven approach” accountable to the institutions and people in developing countries, and has placed a premium on direct access to funds by developing country entities. The GCF promotes a gender-sensitive approach to its funding – the first climate fund to do so from the outset of its activities.
While lessons learned from the CIFs should be applied to the GCF, efforts to spin the CIFs as complementary to the GCF are disingenuous. Resources directed toward the CIFs are resources that should instead be directed to the GCF. Any effort to raise new sources of finance for the CIFs should cease immediately, and there should be no new investments.
Thank you for your consideration.
Sincerely,
11.11.11-Coalition of the Flemish North-South Movement, Belgium
ActionAid International
Aksi for Gender, Social and Ecological Justice, Indonesia
All Nepal Peasants Federation, Nepal
All Nepal Women’s Association, Nepal
Alliance Sud, Switzerland
Alyansa Tigil Mina (Alliance Against Mining), Philippines
Aniban ng Manggagawa sa Agrikultura, Philippines
Asia Pacific Forum on Women, Law and Development, Thailand
Asian Peoples Movement on Debt and Development, Regional
ATTAC Japan
BankTrack, Netherlands
Beyond Beijing Committee, Nepal
Both ENDS, Netherlands
Bretton Woods Project, United Kingdom
Bukluran ng Manggagawang Pilipino, Philippines
Campaign for Climate Justice, Nepal
Carbon Market Watch, Belgium
Center for Biological Diversity, United States
Center for Environment, Bosnia and Herzegovina
Center for Popular Democracy, United States
Center for Socio-Economic Research and Development, Nepal
Centre for 21st century Issues (C21st), Nigeria
Centre for Social Impact Studies, Ghana
Centre pour l’Environnement et le Développement, Cameroon
Centro Humboldt, Nicaragua
Centro Salvadoreño de Tecnologia Apropiada/Friends of the Earth El Salvador
Christian Aid, United Kingdom
Civic Concern Nepal
Climate Action Network Europe, Regional
Climate Change & Development NGO Alliance, Azerbaijan
Climate Finance Group for Latin America and the Caribbean (GFLAC), Mexico
CNCD-11.11.11, Belgium
Consumers Protection Association, Lesotho
Digo Bikas Institute, Nepal
Ecological Christian Organisation, Uganda
Ecological Society of the Philippines
Environics Trust, India
Farmers Forum South Asia, Regional
Finance & Trade Watch, Austria
Food & Water Watch, United States
Foundation HELP, Tanzania
Freedom from Debt Coalition, Philippines
Friends of the Earth – England, Wales and Northern Ireland
Friends of the Earth United States
Gender Action, United States
Global Catholic Climate Movement Pilipinas, Philippines
Green Development Advocates, Cameroon
Haburas Foundation/ Friends of the Earth Timor Leste
Heinrich Böll Stiftung North America
Himalaya Niti Abhiyan, India
Human Rights Alliance Nepal
Indian Social Action Forum, India
Indigenous Environmental Network, United States/International
Institute for Agriculture and Trade Policy, United States
Institute for Policy Studies, Climate Policy Program, United States
Interamerican Association for Environmental Defense (AIDA), Regional
International.Lawyers.Org, Switzerland
Jagaran Nepal
Jamaa Resource Initiatives, Kenya
Jeunes Volontaires pour l’Environnement, Niger
Kitanglad Integrated NGOs, Inc., Philippines
Korea Federation for Environmental Movements, South Korea
KRuHA – Peoples Coalition on Water, Indonesia
Labour, Health and Human Rights Development Centre, Nigeria
LDC Watch, International
Leads Nigeria
Les Amis de la Terre France
Migrant Forum in Asia, Regional
National Coastal Women’s Movement, India
National Hawkers Federation, India
National Women Peasants Association, Nepal
Nepal Youth Peasants Association, Nepal
Nigerian Conservation Foundation, Nigeria
NOAH Friends of the Earth Denmark
PALAG Mindanao, Philippines
Panay Rural Development Center, Inc., Philippines
Philippine Movement for Climate Justice, Philippines
Philippine Network for Rural Development and Democratization, Philippines
Policy Analysis and Research Institute of Lesotho
Population, Health, Environment Ethiopia Consortium, Ethiopia
Practical Action, United Kingdom
Reacción Climática, Bolivia
River Basin Friends, India
Rural Reconstruction Nepal
Sahabat Alam Malaysia/Friends of the Earth Malaysia
Sanlakas Philippines
Solidaritas Perempuan, Indonesia
South Asia Alliance for Poverty Eradication, Regional
South Asia Food Sovereignty Network, Regional
South Asia Peasants Coalition, Regional
Southern Oregon Climate Action Now, United States
Students for a Just and Stable Future, United States
SustainUS, United States
Third World Network, Malaysia
Trade Union Policy Institute of Nepal
VOICE Bangladesh
WomanHealth Philippines
Women Welfare Society, Nepal
Worldview-The Gambia
[1] http://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/Strategic_Climate_Fund_final.pdf; http://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/Clean_Technology_Fund_paper_June_9_final.pdf
[1] http://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/Strategic_Climate_Fund_final.pdf; http://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/Clean_Technology_Fund_paper_June_9_final.pdf