Climate Finance Readiness Programme (CF Ready)
Extreme events, such as storms in Bangladesh, drought in Southern Africa and water scarcity in Peru, are becoming more and more frequent as a result of climate change. At the same time, there is great potential for reducing greenhouse gas emissions in both industrialised and developing countries. Countries across the world are taking action to reduce their vulnerability to the impacts of climate change and curb emissions, and an increasing amount of international funding is available for these measures. In future, it is expected that a significant proportion of funding for climate activities will be channelled through the Green Climate Fund (GCF). To ensure the required transition towards a low-carbon and climate-resilient economy is successful, however, further investment and effective steering mechanisms for investment flows will be necessary.
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Climate Finance Readiness programme (CF Ready) supports partner countries in accessing international funds and making effective use of climate finance. CF Ready does not provide countries with direct funding, but rather supports them in accessing financial resources through the Green Climate Fund (GCF) and other climate funds and their identifying the best use for the financial resources. The programme is implemented jointly by KfW Development Bank and GIZ. Since 2014, GIZ has also received financial support for the programme from USAID and the Ministry for Environment of the Czech Republic.
The programme cooperates closely with the secretariats of major climate funds such as the GCF and the Adaptation Fund. It currently operates in fifteen countries: Bangladesh, Cambodia, Grenada, Jamaica, Morocco, Namibia, Peru, South Africa, St. Kitts and Nevis, St. Lucia, Tajikistan, Tanzania, Uganda, Viet Nam and Zambia.