ARISE Initiative: CIF’s New Climate Resilience Programme
Why in the news
ARISE was unveiled at COP30 in Belém to help developing nations withstand climate shocks.
Key facts
- ARISE: Accelerating Resilience Investments and Innovations for Sustainable Economies, under the Climate Investment Funds (CIF).
- Initial funding from Germany and Spain; amount not yet specified.
- Aims: institutional resilience, resilience in national planning, adaptation finance, community readiness for floods, droughts and storms.
About CIF
- Multilateral mechanism giving concessional funds for low-carbon, climate-resilient growth in over 70 low- and middle-income countries.
- Set up in 2008, hosted within the World Bank, implemented via six MDBs such as IFC, ADB, AfDB and EBRD.
CIF structure
| Component | Role |
|---|---|
| Clean Technology Fund | Renewables, clean transport, efficiency |
| Strategic Climate Fund | Pilots like climate resilience, forestry and smart cities programmes |
| Blended finance | Mixes concessional, MDB and private money |
Exam angle
- Core funds: CTF and SCF.