Back in 2008, in the midst of both a global economic catastrophe and stalled progress on climate diplomacy, a unique multilateral platform called the Climate Investment Funds was born.
The G-8 created the Climate Investment Funds to support developing economies as they shifted to a less carbon intensive future. The Climate Investment Funds supports the development of clean energy markets and invests in projects and programs the enable clean energy transitions and adaptation to climate change.
The CEO of the Climate Investment Funds, Mafalda Duarte is on the podcast today to explain the significance of this multilateral platform to the common global effort to confront climate change.
I will admit not knowing much about this platform prior to this interview so I was very glad to bring their impactful work to a broader audience. As Mafalda Duarte says in this episode, in the coming years developing economies will account for 70% of the world’s energy supply, so the choices that developing countries make today have a profound impact on our common climate goals.