USA – The Climate Investment Funds (CIF) Trust Fund Committee made a significant announcement, naming Tariye Gbadegesin as the incoming Chief Executive Officer, effective March 2024.
Tariye assumes leadership of one of the world’s largest multilateral climate funds, boasting over US$11 billion in pledges. Her role will be instrumental in steering initiatives focused on clean energy transitions, nature-based solutions, and resilience across more than 70 developing nations.
Joining CIF from her previous role as CEO of ARM-Harith Infrastructure Investments, a renowned Pan-African infrastructure fund specializing in energy transition and climate-resilient infrastructure, Tariye brings a wealth of experience.
She has notably served as the Co-Chair of the Voluntary Carbon Markets Integrity Initiative (VCMI), an organization dedicated to fostering high-integrity voluntary carbon markets for climate action.
With over two decades of expertise in climate finance and investment across emerging markets and developing economies, Tariye has excelled in mobilizing private capital for climate action.
Her impactful career has seen her orchestrate over $3 billion in significant energy, infrastructure, and industrial investments.
Additionally, she has pioneered the design and structuring of complex blended finance funds, platforms, and syndications, securing funding from private sectors, multilateral development banks, and concessional windows.
Her professional journey spans reputable institutions such as the International Monetary Fund, the Boston Consulting Group, Price Waterhouse Coopers, and the Africa Finance Corporation.
Tariye’s advisory roles in multiple climate and economic development organizations underline her dedication.
She has been an active member of several prestigious bodies, including the Climate Policy Initiative’s (CPI) Global Innovation Lab for Climate Finance, the Infrastructure Advisory Committee for the United Nations Principles for Responsible Investing (PRI), the African Advisory Board of the Glasgow Financial Alliance for Net Zero (GFANZ), and the Advisory Council of the Millennium Challenge Corporation (MCC).
Expressing her enthusiasm for the new role, Tariye Gbadegesin stated, “I am deeply honored to join the Climate Investment Funds to accelerate collective climate action. Developing countries are at the forefront of the climate crisis, and we will only meet this decisive moment by working together to scale climate finance where it is needed most.
“This is an exciting time for the global community, as we seek to build a multilateral system fit for purpose to keep 1.5C alive while lifting millions out of poverty. With six multilateral development bank partners and 15 years of experience delivering pioneering climate finance, CIF is uniquely placed to deliver in this new era.”
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