[holding answer 23 February 2009]: The UK (the Department for International Development (DFID) and my Department) has allocated the £800 million Environmental Transformation Fund to the World Bank-administered Climate Investment Funds. The Climate Investment Funds are divided into the Clean Technology Fund and the Strategic Climate Fund. Sub-programmes of the latter include: the Pilot programme for climate resilience, and two programmes under development: the Forest Investment programme and the Scaling-up Renewable Energy programme. The funds will be administered by the World Bank with individual programmes implemented through any one of the Multilateral Development Banks. Decisions are made by recipient countries on the basis of their country-led investment plans. We expect UN agencies to participate as delivery agents.
More information can be viewed at:
[holding answer 232 February 2009]: The information requested is as follows:
(a) The UK (the Department for International Development and my Department) has allocated the £800 million Environmental Transformation Fund (ETF) to the World Bank administered Climate Investment Funds (CIFs). The administration of the funds is overseen across Whitehall by the ETF board consisting of representatives of my Department, the Department for International Development, HM Treasury, the Foreign and Commonwealth Office and the Department for Environment, Food and Rural Affairs. A cross-Whitehall team provides secretariat support to the board for UK administration of the funds.
(b) The funds will be administered by the World Bank with individual programmes implemented through any one of the Multilateral Development Banks (MDB). The World Bank is the administrator and trustee of the funds. It produces quarterly reports on financial progress and annual audited reports of accounts to the UK.
(c) As a minimum, each MDB will report annually to the Strategic Climate Fund Trust Fund Committee on the monitoring and evaluation it has conducted in accordance with their procedures. The governance framework can be viewed at:
The UK is in discussions with the Clean Technology Fund and Strategic Climate Fund Trust Fund Committees about the best reporting criteria framework for the funds. An independent evaluation of the operations of the Climate Investment Funds and the impact of their activities will be conducted. This will be carried out jointly with the MDBs after three years of operation.