CIF- Clean Technology Fund (CTF)

The Clean Technology Fund (CTF) is part of the CIF, which were originally designed with a ‘sunset clause,’ stipulating that operations would wind down once a new financial architecture under the UNFCCC, such as the Green Climate Fund (GCF), became fully operational. The clause allows for any remaining CTF funds to be transferred to a fund with similar objectives. However, given ongoing demand, a strong implementation track record, and the complementary role of the CIF alongside the GCF, the CTF continues to operate with new programming approved by its governing body. As of now, there is no active plan to implement the sunset clause or transfer remaining funds. The CTF promotes scaled-up financing for the demonstration, deployment, and transfer of low-carbon technologies with strong potential for long-term greenhouse gas emissions reductions. Its objectives include: Provide positive incentives, through public and private sector investments, for the demonstration of low carbon development and mitigation of greenhouse gas emissions Fund low carbon programmes and projects that are embedded in national plans and strategies, scaling up development and accelerating the diffusion and transfer of clean technologies Realise environmental and social co-benefits, illustrating the potential for low-carbon technologies in contributing to sustainable development and the Millennium Development Goals Support international cooperation on climate change Utilise skills and capabilities of the MD