Climate Investor Two

Climate Investor Two

  • Status Under implementation
  • Date approved 20 Jul 2022 at B.33
  • Est. completion 02 Apr 2042
  • ESS Category Intermediation 1

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 - 136 days

Approved by GCF Board

20 Jul 2022

FAA executed

20 Oct 2022

Under implementation

02 Dec 2022 - 447 days so far

FAA effective

02 Dec 2022

Disbursement - USD 33,264,236

06 Feb 2023


02 Apr 2042 - 6,616 days to go

Three regions

  • Asia-Pacific
  • Africa
  • 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 financing23% disbursed

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
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 6714 (KST)
Send e-mail

Accredited Entity

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Mrs. Susie Shuford

Portfolio Manager, Public Investment Management
Phone +31 70 314 9166
Mr. Willem Lijnders

Associate – Public Investment Management and Blending
Phone +31 6 21 43 80 11
More contacts

National Designated Authority

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 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
Secretariat for International Affairs, Ministry of Finance
Ms. Tatiana Rosito Primary
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Mr. Ivan Tiago Machado Oliveira Secondary
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +556131422202
Ms. Livia Farias Ferreira de Oliveira Operational focal point
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 33412-1702
National Planning Department
Ms. Carolina Díaz Primary
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Ms. Jimena Cortés Secondary
NDA Technical Advisor
Calle 26 # 13 - 19, Bogotá, D.C., Colombia
Phone +57 601 3815000
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 Philippe Secondary
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
Ministry of Housing, Urban Development and Environment
Mr. Dini Omar Primary
Secretary General
P.O.Box:11, Djibouti, Djibouti
Phone +253 2135 2436
His Excellency Mohamed 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
Ministry of Environment, Water and Ecological Transition
Mr. Ángel Sandoval Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
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
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
Mr. Boby Hernawan Secondary
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3483 1678
The National Treasury
Dr Chris Kiptoo Primary
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Phone +254 20 224 0051
Mr. Malik Aman Secondary
Programme Manager, National Coordination (FLLoCA)
Phone +254 720 771774
Mr. Peter Odhengo Secondary
Senior Policy Advisor, Climate Finance
Phone +254 722 984 992
Mr. Hillary Korir Secondary
Senior Economist
Phone +254 722 644736
Ministry of the Environment and Sustainable Development
Ms. Lovakanto Ravelomanana Primary
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Phone +261 34 86 793 38
Ministry of Climate Change, Environment and Energy
Mr. Ahmed Waheed Primary
Director, Climate Change Department
Mr. Thibyan Ibrahim Operational focal point
Assistant Director, Climate Change Department
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi Primary
Director of Climate Change, Biodiversity, and Green Economy
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
National Council on Climate Change
Dr. Salisu Dahiru Primary
Director General
Headquarters Mabushi, Abuja, Nigeria
Philippines (the)
Department of Finance
Secretary Benjamin Diokno Primary
Department of Finance Building. Roxas Boulevard, Cor. P. Ocampo Street, Manila, Philippines (the)
Ms. Maria Edita Tan Primary
Undersecretary, International Finance Group
Phone +63 2 8523 4955
Sierra Leone
Environment Protection Agency
Dr. Abu-Bakar Massaquoi Primary
Executive Chairman
92 Dundas Street, Freetown, Sierra Leone
Mr. Sheku Kanneh Secondary
Chief Director
92 Dundas Street, Freetown, Sierra Leone
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, 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


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.