The Climate Support Facility (CSF) is a World Bank multi-donor trust fund managed by the Climate Change Group¡¯s Advisory and Operations Unit (SCCAO). CSF was launched in December 2020 to serve as a guiding framework to:
- Ensure climate change mitigation and adaptation is at the core of countries¡¯ economic recovery efforts in the wake of the COVID-19 crisis;
- Enable governments to deliver ambitious climate action through their Nationally Determined Contributions (NDCs); and
- Help countries take a long-term view of climate change as a core part of their development planning.
These development objectives are also closely aligned with the priorities of the World Bank Group¡¯s and its approach to . Through this vision, the CSF will elevate the need to move toward net zero carbon emissions by 2050, and help countries accelerate their transition to low-carbon and climate resilient development pathways before mid-century.
The CSF was launched with an initial investment of $55 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the UK¡¯s Foreign, Commonwealth and Development Office (FCDO), and the Austrian Federal Ministry of Finance (BMF). Since its launch, the CSF has assembled a portfolio of over 70 active grants across all seven regions of the World Bank, totaling $21 million worth of support to help countries advance climate action during the recovery process. In 2022, an additional $73 million is expected to be committed to the CSF.
As an umbrella trust fund, the CSF currently comprises three programs:
- The Green Recovery Initiative (GRI) assists developing countries in rebuilding better from the COVID-19 pandemic and achieving a green economic recovery
- NDC and LTS Support seeks to promote and support the development, enhancement, and implementation of the NDCs and Long-Term, Low-Emission Development Strategies (LTSs) for World Bank client countries
- The Western Balkans Green Recovery Support Program contributes to the acceleration of climate action and green growth in the context of post-pandemic recovery in the countries of the Western Balkans
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