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 USD 23 million since 2014. The fund is in operation until the end of 2027. It also numbers the governments of Great Britain and Sweden among its investors and is endowed with around USD 110 million in total. It funds climate protection projects in less-developed countries, mainly in Africa, focussing mostly on improving local populations’ 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
To date (August 2024), the fund has concluded purchase agreements with 9 programmes. The programmes cover the fields of household biogas use, solar power, improved cook stoves, small-scale hydropower and rural electrification. They are located in Ethiopia, Burkina Faso, Kenya, Madagascar, Mali, Rwanda and Uganda. All of them feature innovative business models, heightening the complexity of determining a programme’s funding needs and establishing a fair price per certificate.
The Climate Cent Foundation expects to receive a total of 0.55 million certificates at an average price of USD 16. An amount of 277‘968 CERs have been delivered to date.
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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
Contact and additional information