About
The Carbon Initiative for Development (Ci-Dev) is a World Bank climate protection fund, in which the Climate Cent Foundation has held a stake of 23 million USD since 2014. The fund also numbers the governments of Great Britain and Sweden among its investors and is endowed with around 110 million USD in total. It funds climate protection projects in little-developed countries, especially in Africa, focussing mostly on improving access to renewable energy.
A climate protection fund is a procurement scheme for the purchase of project-based certificates. The sourcing of certificates is handled by the fund operator, who concludes direct purchase agreements with the owners of climate protection projects. The resulting certificates are distributed to fund participants according to their respective investment share.
Current status
The fund has currently (as of July 2023) concluded a sales contract with 9 programmes. These are programmes in the areas of biogas use in households, solar energy, efficient cookers, small hydropower and rural electrification. The programmes are being carried out in Ethiopia, Burkina Faso, Kenya, Madagascar, Mali, Rwanda and Uganda. Each of the programs features innovative business models, adding complexity to the task of determining funding needs for a program and/or establishing a fair price per CER.
The foundation anticipates that it will receive a total of 0.55 million certificates at an average price of USD 16. Up until now 226,956 CERs have effectively been delivered.
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Production of bioethanol and distribution of ethanol cookers, Madagascar
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Household biogas units, Ethiopia
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Household biogas units, Burkina Faso
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Solar power for rural households, Ethiopia
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Rural electrification, Mali
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Rural electrification, Uganda
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Solar power for rural households, Kenya
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Small-scale hydropower plants, Kenya
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Solar Home Systems, efficient cookers Rwanda