ARISE Program
Kartavya Desk Staff
Source: ET
Subject: Environment
Context: At the COP30 Climate Summit in Belém, Brazil, the Climate Investment Funds (CIF) launched a new program — ARISE (Accelerating Resilience Investments and Innovations for Sustainable Economies) — with initial funding of $100 million from Germany and Spain
About ARISE Program:
• What it is? ARISE is the next-generation resilience program launched under the Climate Investment Funds (CIF) to help developing countries strengthen their economic and institutional resilience against climate shocks and transform climate risks into opportunities for sustainable growth.
• ARISE is the next-generation resilience program launched under the Climate Investment Funds (CIF) to help developing countries strengthen their economic and institutional resilience against climate shocks and transform climate risks into opportunities for sustainable growth.
• Launched by: Climate Investment Funds (CIF) — a multilateral climate finance mechanism housed within the World Bank.
• Aim: To mainstream climate resilience into national economic planning, mobilize catalytic finance for adaptation, and empower communities and institutions to withstand and recover from compounding climate risks like floods, droughts, and storms.
About Climate Investment Fund (CIF):
• What it is? A multilateral climate finance mechanism that provides concessional funding to developing countries to support low-carbon, climate-resilient development.
• A multilateral climate finance mechanism that provides concessional funding to developing countries to support low-carbon, climate-resilient development.
• Established in: 2008, as a collaborative initiative under the World Bank Group.
• Managed by: Hosted within the World Bank, implemented through six Multilateral Development Banks (MDBs) — including the IFC, ADB, AfDB, EBRD, and others — ensuring country-led and partnership-based climate action.
• Aim: To catalyse transformational climate investments by mobilising public and private finance for clean technology, energy access, resilience, and nature-based solutions in over 70 low and middle-income countries.
• Key Features: Two Core Funds: Clean Technology Fund (CTF) – finances renewable energy, clean transport, and energy efficiency projects. Strategic Climate Fund (SCF) – pilots and scales innovative programs such as the Pilot Program for Climate Resilience (PPCR), Forestry Investment Program, and Smart Cities Program. Blended Finance Model: Combines concessional CIF funds with MDB and private investments to reduce risks and attract commercial capital.
• Two Core Funds: Clean Technology Fund (CTF) – finances renewable energy, clean transport, and energy efficiency projects. Strategic Climate Fund (SCF) – pilots and scales innovative programs such as the Pilot Program for Climate Resilience (PPCR), Forestry Investment Program, and Smart Cities Program.
• Clean Technology Fund (CTF) – finances renewable energy, clean transport, and energy efficiency projects.
• Strategic Climate Fund (SCF) – pilots and scales innovative programs such as the Pilot Program for Climate Resilience (PPCR), Forestry Investment Program, and Smart Cities Program.
• Blended Finance Model: Combines concessional CIF funds with MDB and private investments to reduce risks and attract commercial capital.