The Carbon Fund - The Carbon Initiative for Development (Ci-Dev)
The Carbon Initiative for Development (Ci-Dev) builds capacity to access carbon finance, mainly surrounding energy access in developing countries. Ci-Dev uses performance payments based on reduced emissions to support projects that use clean and efficient technologies in low-income counties. The Carbon Fund provides performance-based payments to energy access programs in the form of purchases of certified carbon emission reductions.
Ci-Dev has signed emission reduction purchase agreements (ERPAs) for eight projects in sub-Saharan Africa, and is currently completing due diligence on an additional four projects. More information is available here.