Climate Finance Innovation Facility
The Climate Finance Innovation Facility (CFIF) supported finance-industry engagement in the new climate sectors Renewable Energy and Energy Efficiency. The Facility provided developing country financial institutions with technical assistance and funding for the development of climate focused financial products and services.
A broad range of activities were eligible for support, ranging from feasibility studies, to market assessments and legal reviews.The overall aim of CFIF was to help mobilise a scaling up of financial flows into climate change solutions. More broadly, by encouraging early action within the finance community, the facility helped cultivate on-the-ground leadership amongst financial actors that could have replication effects across markets and geographies.
Initiators of the facility were the United Nations Environment Programme and the Frankfurt School of Finance & Management.