Nile Basin discourse forum in Rwanda on World Bank’s climate investment fund trust committee

The Nile Basin Discourse Fo- rum in Rwanda Ag. National Project Coordi- nator was in July, 2009 se- lected to repre- sent African Civil Society Organization on the Ob- server Seat of the Clean Technology Fund Trust for Climate In- vestment Fund of the World Bank. Mr. GAKUMBA John B. Walter, through a very tight competition of the famous body emerged best. He will be in charge for representation of the CSOs in Africa to the committee on Energy, Transport, Agriculture and Industrial sectors.

The Clean Technology Fund (CTF ) seeks to promote scaled -up financing for demonstration, deployment and transfer of low carbon programs an d projects with a significant potential for long -term Green House Gas (GHGs) emissions. The CFT promotes the realization of environmental and social co-benefits thus demonstrating the potential of low-carbon technologies to contribute to sustain-
able development an d the achievement of the Millennium Development Goals (MDB s).

Clean Technology Fun d Principles ; In developing a proposal for a Clean Technology Fund (CTF ), the following principles have been
taken in t o ac count:

(a) The core mission of the MDBs is sustainable economic growth and poverty reduction. Climate change mitigation and adaptation considerations need to be integrated into the sustainable development process as addressing these issues contributes to the basic human needs of the poorest who are disproportionately impacted by the negative effects of climate

(b) Multilateral development banks can and should play a role in ensuring access of developing countries to adequate financial resources and appropriate technology for climate actions;

(c) The MDBs should mobilize new an d additional financing for adaptation and mitigation programs to address climate change that are country-led and designed to support sustainable development and poverty reduction. Activities financed by the fund should be based on a country-led approach an d should be integrated into country -owned development strategies, consistent with the Paris Declaration;

(d) Achieving sustainable outcomes will require sustaining the total wealth – produced, human , institutional an d natural – on which development depends;

(e) The UN is the appropriate body for broad policy setting on climate change, an d the MDBs should not preempt the results of climate change negotiations. Actions to address climate change should be guided by the principles of the UNFCCC;

(f) The MDBs, in collaboration with other development partners, should assist developing countries to build country -level knowledge, capacity and development project experience;
(g) It is appropriate for the MD B s to build partnerships with each other and a wide range of institutions and stakeholders on climate change, including the private sector. In doing so , each MDB should remain accountable to its governing body ;

(h) Complementarities between activities foreseen for the CIF an d activities of the GEF an d the UN , especially at the country level, should be identified, and effective cooperation established, to maximize synergies and avoid overlap .

(i) The CTF should provide for transparency and openness in its governance an d financing operations.

Objectives of the Clean Technology Fund

The Clean Technology Fund (CTF ) will aim to finance transformational act i o n s by : (a) providing positive incentives for the demonstration of low carbon develop men t an d mitigation of greenhouse gas emissions
through public and private sector investments;
(b) promoting scaled -up deployment, diffusion and transfer of clean technologies by funding low carbon programs and
projects that are embedded in national plans and strategies to accelerate their implementation;
(c) promoting realization of environmental and social co-benefits thus demonstrating the potential for low-carbon technologies to contribute to sustainable development and the achievement of the Millennium Development Goals;

(d) promoting international cooperation on climate change and supporting agreement on the fu t u re of the climate change regime;

(e) utilizing skills and capabilities of the MDBs to raise and deliver new and additional resources, including official and concessional funding, at significant scale; an d

(f) providing experience and lessons in responding to the challenge of climate change through learning -by -doing. Types of In vestment The Clean Technology Fund will invest in projects and programs that contribute to demonstration, deployment and transfer of low Carbon technologies with a significant potential for long term greenhouse gas emissions savings. As country circumstances differ, investment programs will be developed on a country -specific basis to achieve nationally -defined objectives. The range of options include:

(a) programs and large scaled projects4;

(b) at the sectoral or sub-sectoral level in a given country ;

(c) sub -nationally, by focusing activity on a particular province/state/municipality;

(d) regionally, particularly where regional cooperation is required;

(e) through the private sector, or public -private partnerships.