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Climate Investment Platform (CIP)
International Renewable Energy Agency (IRENA), the United Nations Development Programme (UNDP), Sustainable Energy for All (SE4All), Green Climate Fund (GCF)
The CIP is an inclusive partnership welcoming all stakeholders, from governments and international organisations to the private sector, to scale up climate action and translate ambitious national climate targets into concrete investments on the ground. Working collectively and together with all interested partners, the CIP aims to mobilise investments at the necessary scale to achieve meaningful progress towards climate objectives. The CIP will initially focus on energy transition, with the ultimate goal of accelerating investments in renewable energy and enabling the realisation of the ambitious Nationally Determined Contributions (NDCs).
Investment Forums constitute a key element of IRENA’s strategy to increase impact on the ground. They add significant value in enabling investments in renewable energy projects and provide an effective organising framework for the implementation of the CIP through a sub-regional approach. The Forums have two main aims:
- to strengthen the ability of decision-makers to produce a strong enabling environment for renewable energy investments
- help the developers to prepare bankable projects and access finance
Each Investment Forum will focus on a cluster of countries allowing activities to be adjusted to specific needs of countries. Accordingly, IRENA has identified 14 operational clusters that are designed to facilitate sub-regional activities for analytical, technical and project support. Such clustering will be kept as flexible as possible to allow countries to engage in one or more clusters.