   In response to country needs to mobilize low-carbon, climate-resilient investments, a new global public good announced today will aim to increase the flow of capital in developing countries to meet climate ambitions. The Climate Investment Platform (CIP) is an inclusive partnership welcoming all stakeholders from governments to international organizations to the private sector to scale-up climate action and translate ambitious national climate targets into concrete investments on the ground.
   With energy accounting for two thirds of total greenhouse gas emissions, the platform’s first service line is dedicated to the global transition to clean energy. Other service lines, such as adaptation, land use, cities and infrastructure will be launched in the first quarter of 2020. By decluttering and streamlining support to developing countries, the platform aims to accelerate action and advance climate investment in developing countries. Progress will be presented at UNFCCC COP 25 in December 2019.
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   The service offered by the CIP covers four key building blocks along the climate finance value-chain:
- supporting governments to specify ambitious energy targets and scale up their nationally determined contributions (NDCs);
- establishing well-designed, implemented and enforced clean energy policies and regulations;
- financial de-risking of energy projects;
- a market-place to connect clean energy investors and project sponsors.
   "The Climate Investment Platform is a crucial initiative that will simplify access to climate finance. It will catalyze investment for mitigation and adaptation in developing countries, supporting those most in need of climate action", said Green Climate Fund Executive Director Yannick Glemarec.
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Photo credit: UNDP
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The views expressed in the blog and the report attached are the author's own and do not necessarily reflect those of the SDG Philanthropy Platform. The SDG Philanthropy Platform is a global initiative that connects philanthropy with knowledge and networks that can deepen collaboration, leverage resources and sustain impact, driving SDG delivery within national development planning. It is led by the United Nations Development Programme (UNDP) and Rockefeller Philanthropy Advisors (RPA), and supported by the Conrad N. Hilton Foundation, Ford Foundation, Oak Foundation, Brach Family Charitable Foundation, and many others.