The Climate Support Facility (CSF) is a World Bank multi-donor trust fund managed by the Climate Change Group’s Advisory and Operations Unit (SCCAO). CSF was launched in December 2020 to serve as a guiding framework to:
- Ensure climate change mitigation and adaptation is at the core of countries’ economic recovery efforts in the wake of the COVID-19 crisis;
- Enable governments to deliver ambitious climate action through their Nationally Determined Contributions (NDCs); and
- Help countries take a long-term view of climate change as a core part of their development planning.
These development objectives are also closely aligned with the priorities of the World Bank Group’s Climate Change Action Plan 2021-2025 and its approach to Green, Resilient and Inclusive Development (GRID). Through this vision, the CSF will elevate the need to move toward net zero carbon emissions by 2050, and help countries accelerate their transition to low-carbon and climate resilient development pathways before mid-century.
The CSF was launched with an initial investment of $55 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the UK’s Foreign, Commonwealth and Development Office (FCDO), and the Austrian Federal Ministry of Finance (BMF). Since its launch, the CSF has assembled a portfolio of over 70 active grants across all seven regions of the World Bank, totaling $21 million worth of support to help countries advance climate action during the recovery process. In 2022, an additional $73 million is expected to be committed to the CSF.
As an umbrella trust fund, the CSF currently comprises three programs:
- The Green Recovery Initiative (GRI) assists developing countries in rebuilding better from the COVID-19 pandemic and achieving a green economic recovery
- NDC and LTS Support seeks to promote and support the development, enhancement, and implementation of the NDCs and Long-Term, Low-Emission Development Strategies (LTSs) for World Bank client countries
- The Western Balkans Green Recovery Support Program contributes to the acceleration of climate action and green growth in the context of post-pandemic recovery in the countries of the Western Balkans
Read our Frequently Asked Questions for more information.