Climate Investor Two

Climate Investor Two

The water cycle is one of the most important parts of the global climate crisis – when managed improperly untreated wastewater can be a source of carbon emissions; while coastal ecosystems can act as powerful ‘carbon sinks’. The imbalance between the water cycle and the climate is threatening many livelihoods, as growing economies and populations are reducing freshwater availability.  The World Health Organization estimates that there are 750 million people with no access to clean water, and 2.5 billion people lacking access to proper sanitation. Inadequate water and sanitation infrastructure are estimated to be related to 80 per cent of all illnesses in the developing world. In total, the World Bank estimates that by 2050, water shortages caused by climate change could reduce the GDP of developing countries in Asia by USD 4.4 trillion and developing countries in Africa by USD 1.6 trillion.  

Climate Investor Two (CI2) is a fund that aims to support the private sector to develop and construct climate-resilient infrastructure projects in developing countries in the water, sanitation, and ocean sectors – areas which usually do not attract interest from the private sector. The targeted investments under the fund will reduce the effects and consequences of climate change by decreasing greenhouse gas emissions and by increasing the resilience of vulnerable communities. For instance, in the water sector, CI2 will help countries, undergoing, or expected to undergo water stress, adapt to climate change by building infrastructure which sources, transports, and treats the water necessary for both municipal and industrial users. This is GCF’s first at-scale private sector programme in the water sector. 

Total project value


Tonnes of emissions avoided






Result areas

Project timeline


10 Dec 2020 - 588 days

Concept note received

10 Dec 2020

Funding proposal received

11 Mar 2022

Cleared by GCF Secretariat

18 Apr 2022

Legal opinion on AE's Internal Approval

23 Jun 2022

Cleared by iTAP

27 Jun 2022


20 Jul 2022 - 143 days so far

Approved by GCF Board

20 Jul 2022

FAA executed

20 Oct 2022

Under implementation


Three regions

  • Africa
  • Asia-Pacific
  • Latin America and the Caribbean

Nineteen countries

Three priority groups

  • Least Developed Countries
  • Small Island Developing States
  • African States
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

GrantUSD 145,000,000
Total GCF Financing
USD 145,000,000


Co-FinancingGrantUSD 15,000,000
Co-FinancingGrantUSD 43,000,000
Co-FinancingGrantUSD 9,000,000
Co-FinancingGrantUSD 28,000,000
Co-FinancingEquityUSD 40,000,000
Co-FinancingEquityUSD 28,000,000
Co-FinancingEquityUSD 5,000,000
Co-FinancingEquityUSD 20,000,000
Co-FinancingEquityUSD 199,000,000
Co-FinancingEquityUSD 64,000,000
Co-FinancingEquityUSD 16,000,000
Co-FinancingEquityUSD 240,000,000
Co-FinancingEquityUSD 28,000,000
Total Co-Financing
USD 735,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Mr. David Kuijper

Manager Public Investment Management
Phone +31 70 314 9715
Mrs. Susie Shuford

Portfolio Manager, Public Investment Management
Phone +31 70 314 9166
More contacts

National Designated Authority

Ministry of Housing, Urban Development and Environment
Mr. Dini Abdallah Omar Primary
Secretary General
P.O.Box:11, Djibouti, Djibouti
Phone +253 2135 2436
His Excellency Mohamed Abdoulkader Moussa Secondary
Minister of Urbanism, Environment and Tourism
Zone Industrielle Sud , Commune de bouloa, Djibouti, Djibouti
Phone +253 21 35 00 06
Phone (253) 21 35 83 57
Côte d'Ivoire
Minister's Office, Ministry of Environment and Sustainable Development
Mr. Marcel YAO Primary
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Phone (225) 0707791504 / 2720239900
Mr. Kouadio Kumassi Philippe Secondary
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
The National Treasury
Mr. Abdul Malik Aman Primary
Mr. Julius Muia Primary
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
Mr. Hillary Korir Primary
Ministry of Environment and Tourism
Mr. Paulus Ashili Primary
Mr. Timoteus Mufeti Primary
Mr Petrus Muteyauli Primary
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Federal Ministry of Environment
Dr. Iniobong Abiola-Awe Primary
Director of the Department of Climate Change
Phone +2348034452959
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
Mr. Andrew Masaba Secondary
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu Primary
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3441 484
Mrs. Dian Lestari Secondary
Acting Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
Center for Climate Finance and Multilateral Policy, Fiscal Policy Agency, Ministry of Finance, R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No.1,, Jakarta, Indonesia
Phone +62 21 3483 1678
Department of Finance
Secretary Benjamin E. Diokno Primary
Department of Finance Building. Roxas Boulevard, Cor. P. Ocampo Street, Manila, Philippines (the)
Mr. Mark Dennis Y.C. Joven Primary
Phone +63 2 8523-4955
Mr. Neil Adrian Cabiles Secondary
Assistant Secretary
Economic Relations Division (ERD), Ministry of Finance
Ms. Sharifa Khan Primary
Economic Relations Division (ERD), Ministry of Finance, Block No. 8, Room No. 3 & 4, Shere-e-Bangla Nagar, Dhaka 1207, Bangladesh, Dhaka, Bangladesh
Ministry of Environment, Forests and Climate Change
Ms. Rajasree Ray Primary
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Phone 011-2081-9197
Ministry of Environment, Climate Change and Technology
HE. Ms. Aminath Shauna Primary
Minister of Environment, Climate Change and Technology
Ms. Aishath Aileen Niyaz Secondary
Director, Climate Change Directorate
Green Building, Handhuvaree Hingun, Maafannu, Male, Maldives
Mr. Thibyan Ibrahim Operational focal point
Assistant Director, Climate Change Department
South Africa
Department of Forestry, Fisheries, and the Environment
Ms. Nomfundo Tshabalala Primary
Director General
Phone +27 12 339 9007
Ms. Shahkira Parker Operational focal point
Senior Policy Advisor: International Governance Management
Ms. Lucia Motloung Operational focal point
Mr. Zaheer Fakir Operational focal point
Ministry of Finance and Economic Development
Ms. Keineetse Lepekoane Primary
Director, Development Programmes
Phone +267 3950353
Ms. Catherine Matongo Primary
Chief Economist
Phone +267 398 9990
Ms. Keneilwe Bolebano Primary
Principal Economist
Government Enclave, State Drive,, Gaborone, Botswana
Phone +267 3950378
Ms. Gaanewe Mogotsi Primary
Deputy Director, Development Programmes
Government Enclave, State Drive, P/Bag 008, Goborone, Botswana
Phone +267 3950224
Ministry of Environment, Ecology, Sea and Forests
Ms. Lovakanto Ravelomanana Primary
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi Primary
Director of Climate Change, Biodiversity, and Green Economy
Sierra Leone
Environment Protection Agency
Dr. Bondi Gevao Primary
Executive Chairman
Phone +23230082924
Phone +23279049175
National Planning Department
Ms. Carolina Díaz Primary
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Ms. María del Pilar Restrepo Secondary
Climate Finance Leader
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Phone (57)6013815000
Secretariat for International Affairs, Ministry of Economy
Mr. Marco Aurélio dos Santos Rocha Primary
Secretary for International Economic Affairs
Esplanada dos Ministérios, Bloco K, 8° andar, Brasilia, Brazil
Phone +55 61 2020-4654
Ms. Raquel Breda dos Santos Secondary
General Coordinator for Global Development Institutions
Esplanada dos Ministérios, Bloco K, 8° andar - Sala 874, Brasilia, Brazil
Phone +55 (61) 2020-4603
Mr. Luiz Mauricio de Araújo Navarro Operational focal point
Coordinator for Policies and Funds for Development Finance
Esplanada dos Ministérios, Bloco K, 8° andar - Sala 874, Brasilia, Brazil
Phone +55 (61) 2020-4603
Ministry of Environment and Water
Ms. Karina Maribel Barrera Moncayo Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador


News + Stories

GCF and partners sign project agreements for four transformative climate projects

28 Oct 2022 / Four key agreements for climate projects (Funding Activity Agreement; FAA) were signed by the Green Climate Fund (GCF) and its partners on the margins of GCF’s 34th Board meeting (17-20 October 2022). They include climate resilience projects in the Maldives, Barbados, and Guinea-Bissau and GCF’s first at-scale private sector programme in the water sector.