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Workshop forges direct links to country-led climate action

SONGDO, 

The Green Climate Fund has strengthened its country-driven approach to supporting global climate action with the conclusion today of the Empowering Direct Access workshop.

During the past four days, almost a hundred participants from various corners of the planet have met at GCF HQ in Songdo, the Republic of Korea, to learn more about how the Fund works and to articulate the particular climate finance needs their countries require.

Direct Access Entities are special types of Accredited Entity – organisations which the Fund nominates to propose and carry out GCF-approved climate projects. Direct Access Entities form the essence of GCF’s country-driven approach as they consist of regional, national or subnational institutions nominated by the national governments of developing countries.

The overarching purpose of the past four days has been to assist Direct Access Entities develop GCF-supported climate projects that spur low-emission and climate-resilient development.

Opening the workshop on Tuesday, GCF Deputy Executive Director Javier Manzanares emphasised the importance the Fund places in Direct Access Entities by highlighting how 80 percent of all entities accredited since last year are direct access. That means over half of GCF’s 59 Accredited Entities are Direct Access Entities, he said.

Direct Access Entities are key because while GCF appreciates the “aim of climate action is ultimately global, we recognise that mitigation and adaptation activities take place at the local level,” Mr Manzanares told the workshop participants. “You obviously have the local knowledge to ensure the type of climate finance GCF provides is most impactful, and provides the benefits for those who most need it.”

The workshop included a variety of detailed sessions stepping out the necessary stages to apply for GCF support, with an emphasis on the need to show a clear climate change rationale. This includes ensuring proposed projects are underpinned by rigorous science and adherence to GCF’s climate impact areas.

There was considerable interest among workshop participants in “paradigm-shifting:” how does GCF define what makes climate change mitigation and adaptation projects transformative? GCF staff emphasised the Fund provides a variety of funding channels to help enhance understanding about what makes a good climate project. This support is available to Entities when nominated by their countries and submitted through GCF’s readiness programme and Project Preparation Facility.

To date, 29 Direct Access Entities have received GCF readiness support. Meanwhile, seven Project Preparation Facility proposals presented at GCF’s first Empowering Direct Access workshop in May last year have received grants.

GCF’s Simplified Approval Process and Enhanced Direct Access initiatives also generated much discussion as these are forms of financial support specifically targeting Direct Access Entities.

There was a recognition by many at the workshop that while the public sector continues to be a vital source of climate financing, the private sector will need to be drawn increasingly into generating countries’ climate action.

Highlighting the climate finance deficit, Ayaan Adam, director of GCF’s Private Sector Facility, said even the global goal to raise USD 100 billion annually by 2020 would not reach the funding needs climate change will demand.

One of the main advantages of the Empowering Direct Access workshop has been the opportunity it has offered for Direct Access Entities to share information with each other.

India’s National Bank for Agriculture and Rural Development (NABARD) has attracted a lot of attention as it is the country’s first organisation GCF has accredited as a Direct Access Entity, according to Shankar A. Pande, the bank’s chief general manager of the farm sector policy department.

“A number of participants in organisations currently applying for accreditation with GCF have asked how we went about it,” said Mr Pande.

“My main advice is that organisations need to reach out beyond the confines of their own group to seek out specialist climate knowledge. It is also important to work with national governments that have a clear understanding of climate change issues in their country.”

NABARD, which became a Direct Access Entity in July 2015, currently has two projects approved by GCF. One is focusing on enhancing the climate resilience of tribal areas in the eastern Indian state of Odisha, while the other is a mitigation project designed to unlock private sector investment in solar energy.

Direct access to personal contacts working in the climate space was seen by many to be one of the most useful features of the workshop. There was an animated discussion of how to facilitate exchanges among entities through a Direct Climate Action Platform online.

Stressing the value of face-to-face meetings, Donnell Cain – project development specialist with the Caribbean Community Climate Change Centre (CCCCC) – said consultations with GCF staff at the inaugural GCF Empowering Direct Access Workshop last year led to his organisation’s first GCF-approved funding proposal.

“Information exchanges at these sort of venues are crucial for Direct Access Entities to shape bankable projects,” he said. “At the workshop last year, we were able to sit down with GCF’s technical team to review our draft funding proposal, and chart the way forward.”

The CCCCC project in Barbados is designed to incorporate solar energy into the production and distribution of water and enhance rainwater harvesting for greater resilience building to climate variability and change.

GCF staff will study the results of the Empowering Direct Access workshop to feed into ongoing planning that ensures climate finance support continues to hit the mark at the country and community levels.

Source: GCF

GCF workshop strengthens direct access to climate finance

SONGDO, 

The second GCF Empowering Direct Access workshop opens today to help developing countries progress innovative climate action that makes a difference at the local and global levels.

This is one of GCF’s most important events of the year, as it reflects the Fund’s country-driven focus on ensuring the climate projects it supports match local needs.

More than 100 participants have gathered at GCF’s headquarters in Songdo, Republic of Korea, for the four-day workshop. They include Direct Access Entities and National Designated Authorities (NDAs) or focal points.

The use of Direct Access Entities is a defining feature of GCF. It allows the national governments of developing countries to nominate these regional, national or subnational institutions to propose and implement GCF-approved climate projects. NDAs, or focal points, represent the national governments of developing countries interacting with GCF.

A major focus of the workshop will be on sharing ideas that generate paradigm-shifting GCF projects that help developing countries achieve their Nationally Determined Contributions (NDCs) under the Paris Agreement.

GCF staff will be on hand to provide advice on how Direct Access Entities can transform climate change mitigation and adaptation initiatives into GCF funding proposals. Workshop participants will also have the chance to share their own experiences in working with GCF and in dealing with the particular climate challenges they face.

The workshop will feature updates on GCF policies and programmes designed to assist Direct Access Entities. These include GCF’s readiness programme, the Project Preparation FacilitySimplified Approval Process, and Enhanced Direct Access.

Information sessions will also address recent developments in GCF’s approach to environmental and social safeguards and Indigenous Peoples – following the approval of two policies at the most recent GCF Board meeting in February this year.

A major purpose of the Empowering Direct Access workshop is to help GCF explore ways it can strengthen the role of these key, country-driven organisations in climate finance.

GCF has made progress in this area. Numbering 32, over half of GCF’s Accredited Entities are now Direct Access Entities.

Source: GCF

GCF Board approves over USD 1 billion in funding for climate mitigation and adaptation

SONGDO, 

The first Green Climate Fund (GCF) Board meeting of 2018 concluded today after approving 23 projects, valued together at USD 1,093.5 million of GCF funding.

The new approvals bring the GCF portfolio to a total of 76 projects and programmes, amounting to USD 3,730.2 million in GCF funding to assist developing countries in their low emission and climate resilient development.

The Board elected Ambassador Lennart Båge and Dr. Paul Oquist as its Co-Chairs for 2018, representing developed and developing countries respectively. A number of significant policy decisions were also made to strengthen GCF’s operations, including adopting an Indigenous Peoples Policy, and an Environmental and Social Policy. In addition to the funding approvals, the Board approved an additional USD 60 million for the implementation of the Readiness Programme to assist developing countries in accessing GCF funds.

‘We have had a highly positive week, approving over USD 1 billion in projects, which is a record amount in a single GCF Board meeting,’ stated Paul Oquist, GCF Co-Chair.

‘This large volume of projects for both mitigation and adaptation – and the additional USD 60 million for readiness support – shows that GCF is ready to shift gear in supporting developing countries to achieve their climate goals. The projects adopted here will make a real impact in the face of climate challenges,’ he continued.

Fellow Co-Chair Lennart Båge stated: ‘The Board has successfully managed an ambitious agenda this week, demonstrating its commitment to deliver a serious contribution to the response to climate change. In particular, the adoption of an Indigenous Peoples Policy and an Environmental and Social Policy is an important step towards completing GCF’s policy framework.’

Båge concluded, ‘Paul and I would also like to thank our fellow Board members for their positive support, and to acknowledge that our work builds on the achievements of our predecessors as Co-Chairs, Ayman Shasly and Ewen McDonald.’


End notes

The nineteenth GCF Board meeting approved the following projects and programmes, including the first project submitted under the new Simplified Approval Process:

FP059 – USD 42.16 million for the Climate-Resilient Water Sector in Grenada (G-CREWS) with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

FP060 – USD 27.61 million for the Water Sector Resilience Nexus for Sustainability in Barbados (WSRN S-Barbados) with Caribbean Community Climate Change Center (CCCCC)

FP061 – USD 20 million for the Integrated physical adaptation and community resilience through an enhanced direct access pilot in the public, private, and civil society sectors of three Eastern Caribbean small island developing states in Antigua and Barbuda, Dominica, and Grenada, with the Department of Environment, Ministry of Health and Environment, Government of Antigua and Barbuda (DOE ATG)

FP062 – USD 25.06 million for the Poverty, Reforestation, Energy and Climate Change Project (PROEZA) in Paraguay with the Food and Agriculture Organization of the United Nations (FAO)

FP063 – USD 23 million for Promoting private sector investments in energy efficiency in the industrial sector in Paraguay with the Inter-American Development Bank (IDB)

FP064 – USD 103 million for Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments in Argentina with the Inter-American Development Bank (IDB)

FP065 – USD 195 million for Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC) in Brazil with the World Bank

FP066 – USD 25 million for the Pacific Resilience Project Phase II for RMI in the Marshall Islands with the World Bank

FP067 – USD 9.27 million for Building climate resilience of vulnerable and food insecure communities through capacity strengthening and livelihood diversification in mountainous regions of Tajikistan with the World Food Programme

FP068 – USD 27.05 million for Scaling-up Multi-Hazard Early Warning System and the Use of Climate Information in Georgia with UNDP

FP069 – USD 24.98 million for Enhancing adaptive capacities of coastal communities, especially women, to cope with climate change induced salinity in Bangladesh with UNDP

FP070 – USD 20 million for the Global Clean Cooking Program – Bangladesh with the World Bank

FP071 – USD 86.30 million for Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam with the World Bank

FP072 – USD 32 million for Strengthening climate resilience of agricultural livelihoods in Agro-Ecological Regions I and II in Zambia with UNDP

FP073 – USD 32.79 million for Strengthening climate resilience of rural communities in Northern Rwanda with the Ministry of Environment of Rwanda (MOE)

FP074 – USD 22.50 million for the Africa Hydromet Program – Strengthening Climate Resilience in Sub-Saharan Africa: Burkina Faso Country Project with the World Bank

FP075 – USD 5 million for the Institutional Development of the State Agency for Hydrometeorology of Tajikistan with the Asian Development Bank (ADB)

FP076 – USD 40 million for Climate-Friendly Agribusiness Value Chains Sector Project in Cambodia with the Asian Development Bank (ADB)

FP077 – USD 145 million for the Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Project (AHURP) in Mongolia with the Asian Development Bank (ADB)

FP078 – USD 26 million for the Acumen Resilient Agriculture Fund (ARAF) in Ghana, Nigeria, Uganda, with the Acumen Fund Inc

FP080 – USD 52.50 million for the Zambia Renewable Energy Financing Framework with the African Development Bank (AfDB)

FP081 – USD 100 million for the Line of Credit for Solar rooftop segment for Commercial, Industrial and Residential Housing sectors in India with the National Bank for Agriculture and Rural Development (NABARD)

SAP001 – (Simplified Approval Process) USD 9.30 million for Improving rangeland and ecosystem management practices of smallholder farmers under conditions of climate change in Sesfontein, Fransfontein, and Warmquelle areas of the Republic of Namibia with the Environmental Investment Fund (EIF)

More than 350 participants took part in the 19th Board meeting, including observers from civil society and private sector organisations, National Designated Authorities (NDAs), Accredited Entities, and GCF Delivery Partners.

The video recording of this Board meeting is available on the GCF website.

The next GCF Board meeting, B.20, will take place from 1-4 July 2018, in Songdo, Republic of Korea.

Source: GCF

GCF Board opens B.19 meeting, elects Lennart Båge and Paul Oquist as new Co-Chairs

SONGDO, 

The Green Climate Fund (GCF) Board has today appointed two new Co-Chairs at its nineteenth meeting in Songdo, Republic of Korea. Paul Oquist has been elected as the developing country Co-Chair, whilst Lennart Båge is the developed country Co-Chair. They replace the outgoing Co-Chairs, Ayman M. Shasly (Developing Countries) and Ewen McDonald (Developed Countries).

In light of the fully charged agenda, the Board has decided to convert today’s planned informal meeting into a formal Board session. The B.19 Board meeting will therefore take place from Monday 26 February until Thursday 1 March, and will be presided by the incoming Co-Chairs.

Dr. Paul Oquist has represented the Republic of Nicaragua in international climate negotiations for many years. Dr. Oquist is currently Minister-Private Secretary for National Policies of President Daniel Ortega Saavedra, and is also Executive Secretary of The Commission of the Nicaraguan Grand Interoceanic Canal. He is a Member by the Latin American and Caribbean Group (GRULAC) to the UN Framework Convention on Climate Change Standing Committee on Finance, and represented developing countries on the Executive Committee of the UNFCCC Warsaw International Mechanism for Loss and Damage. Dr. Oquist was also a two-term member of the Committee of Experts on Public Administration (CEPA) of the United Nations Economic and Social Council (ECOSOC), and he has been Head of Delegation to the Climate Change Conference of Parties for Nicaragua since COP 15 in Copenhagen. He has a Ph.D. in Political Science from the University of California in Berkeley, California.

Ambassador Lennart Båge has a long career as a Swedish diplomat with a focus on multilateral development cooperation. He has an MBA from the Stockholm School of Economics and joined the Swedish Ministry for Foreign Affairs in 1974. Ambassador Båge brings a wealth of experience from being i.a. Director of the Swedish Agency for Research Cooperation with Developing Countries (SAREC), Head of the Multilateral Development Department of the MFA, President of the International Fund for Agricultural Development (IFAD), Executive Board Member and Acting Director General of the Swedish International Development Cooperation Agency (Sida). Ambassador Båge represented Sweden i.a. in the negotiations on the establishment and first replenishment of the Global Environmental Facility (GEF), served as Sweden’s IDA Deputy for the IDA 10, 11 and 12 Replenishments and facilitated and chaired the Initial Resource Mobilization (IRM) for the Green Climate Fund.

The documentation for the meeting can be found here: B.19 meeting documentation.
The proceedings of Board meetings are live-streamed on the GCF website.

Source: GCF
Donor: GCF | Czech Infrastructure Association
Centre for Developing Markets | Центр поддержки развивающихся рынков | Centrum pro rozvojové trhy
Date Project Title Country Donor Category Business Sector Budget Deadline
21.06.2018 Support to World Bank analytical work on electric mobility programs N/A WB Services Infrastructure N/A 03.07.2018
20.06.2018 Economic Resilience Initiative – Infrastructure Technical Assistance (ERI-ITA) N/A EIB Services Infrastructure 25 000 000 EUR 29.08.2018
20.06.2018 Verification of the Suitability of the Method proposed to produce early CO2 emission estimates N/A EC Services Climate Change N/A 30.08.2018
20.06.2018 Technical assistance to support the establishment of a public ESCO to finance energy efficiency investments in public buildings in Turkey. Turkey WB Services Power & Energy N/A 27.06.2018
19.06.2018 Kurty-Buribaytal Road Project Extension II Kazakhstan EBRD Services, Works Highways 106 000 000 USD 19.06.2019
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18.06.2018 Dushanbe Public Transport Extension Project Tajikistan EBRD Works Urban Development 8 000 000 USD 17.06.2019
16.06.2018 Study on assessment of possible global regulatory measures to reduce greenhouse gas emissions from international shipping N/A EC Services Climate Change 250 000 EUR 09.08.2018
16.06.2018 Framework contract for studies and technical assistance in the field of emissions N/A EC Services Climate Change 9 500 000 EUR 24.08.2018