The International Climate Initiative (ICI)

Since 2008, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety and Building (BMUB) has been financing climate-related projects in developing and newly industrialized countries, as well as transition countries in central and eastern Europe within the framework of the International Climate Initiative (ICI).

Objectives

ICI funds projects in in its four priority areas of (1) promotion of a low-carbon economy for climate change mitigation, (2) adaptation to the impacts of climate change, (3) preservation and sustainable use of natural carbon sinks (REDD+) and (4) conservation of biological diversity. ICI sees itself as a contribution to international environmental cooperation, enabling climate-related projects to supplement “traditional” development cooperation (DC). In addition, BMUB sees ICI as a possibility to foster strategic alliances with countries in the context of the international climate conferences under the UN Framework Convention on Climate Change (UNFCCC).

Funding

Originally, a small part of the revenues from the European Emissions Trading Scheme (EU-ETS) were used to fund ICI. Meanwhile, funds for ICI are provided by the federal budget of BMUB. For several years IKI was endowed with 120 million Euro per year. Its volume was increased in 2015 and 2016 to 250 million Euro (2015) and 270 million Euro (2016), respectively. (February 2018)