Climate Investor Two
The water cycle is one of the most important parts of the global climate crisis – when managed improperly untreated wastewater can be a source of carbon emissions; while coastal ecosystems can act as powerful ‘carbon sinks’. The imbalance between the water cycle and the climate is threatening many livelihoods, as growing economies and populations are reducing freshwater availability. The World Health Organization estimates that there are 750 million people with no access to clean water, and 2.5 billion people lacking access to proper sanitation. Inadequate water and sanitation infrastructure are estimated to be related to 80 per cent of all illnesses in the developing world. In total, the World Bank estimates that by 2050, water shortages caused by climate change could reduce the GDP of developing countries in Asia by USD 4.4 trillion and developing countries in Africa by USD 1.6 trillion.
Climate Investor Two (CI2) is a fund that aims to support the private sector to develop and construct climate-resilient infrastructure projects in developing countries in the water, sanitation, and ocean sectors – areas which usually do not attract interest from the private sector. The targeted investments under the fund will reduce the effects and consequences of climate change by decreasing greenhouse gas emissions and by increasing the resilience of vulnerable communities. For instance, in the water sector, CI2 will help countries, undergoing, or expected to undergo water stress, adapt to climate change by building infrastructure which sources, transports, and treats the water necessary for both municipal and industrial users. This is GCF’s first at-scale private sector programme in the water sector.
Project timeline
Pipeline
10 Dec 2020 • 588 days
Concept note received
10 Dec 2020
Funding proposal received
11 Mar 2022
Cleared by GCF Secretariat
18 Apr 2022
Legal opinion on AE's Internal Approval
23 Jun 2022
Cleared by iTAP
27 Jun 2022
Approved
20 Jul 2022 • 136 days
Approved by GCF Board
20 Jul 2022
FAA executed
20 Oct 2022
Under implementation
02 Dec 2022 • 881 days so far
FAA effective
02 Dec 2022
Disbursement - USD 33,264,236
06 Feb 2023
To be completed
02 Apr 2042 • 6,182 days to go
Three regions
- Africa
- Asia-Pacific
- Latin America and the Caribbean
Nineteen countries
- Djibouti
- Côte d'Ivoire
- Kenya
- Namibia
- Nigeria
- Uganda
- Indonesia
- Philippines (the)
- Bangladesh
- India
- Maldives
- South Africa
- Botswana
- Madagascar
- Morocco
- Sierra Leone
- Colombia
- Brazil
- Ecuador
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing23% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 145,000,000 |
| Total GCF Financing |
|---|
| USD 145,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 15,000,000 |
| Co-Financing | Grant | USD 43,000,000 |
| Co-Financing | Grant | USD 9,000,000 |
| Co-Financing | Grant | USD 28,000,000 |
| Co-Financing | Equity | USD 40,000,000 |
| Co-Financing | Equity | USD 28,000,000 |
| Co-Financing | Equity | USD 5,000,000 |
| Co-Financing | Equity | USD 20,000,000 |
| Co-Financing | Equity | USD 199,000,000 |
| Co-Financing | Equity | USD 64,000,000 |
| Co-Financing | Equity | USD 16,000,000 |
| Co-Financing | Equity | USD 240,000,000 |
| Co-Financing | Equity | USD 28,000,000 |
| Total Co-Financing |
|---|
| USD 735,000,000 |
GCF Contacts
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
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Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
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Entity
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News + Stories
GCF and partners sign project agreements for four transformative climate projects
28 Oct 2022 / Four key agreements for climate projects (Funding Activity Agreement; FAA) were signed by the Green Climate Fund (GCF) and its partners on the margins of GCF’s 34th Board meeting (17-20 October 2022). They include climate resilience projects in the Maldives, Barbados, and Guinea-Bissau and GCF’s first at-scale private sector programme in the water sector.