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Enhancing Climate Finance: GCF Readiness and Accreditation Support

This dialogue in Vientiane, Lao PDR discussed engaging with GCF programming to support impactful climate outcomes. The GCF provides readiness and project preparatory support to countries, focusing on capacity building and project development for transformational climate action. Key areas covered included adaptation planning, accreditation processes, and building global partnerships. The discussion emphasized synergies across the climate finance landscape and strategic national coherence in programming. By promoting complementarity and coherence, countries can enhance their engagement with climate finance and achieve greater impact.

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Enhancing Climate Finance: GCF Readiness and Accreditation Support

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  1. Green Climate Fund Readiness Support & Accreditation GEF – GCF National Dialogue Vientiane, Lao PDR | 13 February 2019

  2. Engaging with GCF

  3. Programming Overview Country and Entity Programmes INDCs NAPs TNAs GCF pipelines READINESS (including GCF NAP support) PPF FP

  4. Country Programme and Entity Work Programme

  5. Programming continuum The programming process aims to yield high quality pipelines that the GCF can support Country Programming Entity Work Programming (Pipeline Development) Project Development Implementation & Results and Learning • Evidence-based • Objectively-driven • Prioritization criteria developed • Rooted in country programming process • Entity strengths/interests identified • Co-financing opportunities identified • Supported by climate rationale • Paradigm shift potential identified • Aligned to GCF Investment Criteria • Transformation realized • Lessons captured • Capacity built Linked The GCF provides Readiness and Project Preparatory support along this continuum to assist countries in achieving impactful climate outcomes. Impactful Climate Outcomes Descriptions in lower boxes are not collectively exhaustive; Illustrative only.

  6. Iterative process

  7. Readiness Programme

  8. Readiness: Four areas of support Up to USD 1M per country per year Up to USD 3M per country (not per year)

  9. Readiness support to Asia Pacific USD 31.1 million committed to 32 countries 17 countries accessing directly 32 received disbursements (USD 14.4 million)

  10. Adaptation Planning Processes: A golden opportunity to increase impact and scale of adaptation finance Outcomes

  11. Adaptation Planning Good Practices and Review Criteria

  12. Accreditation

  13. Accreditation Process

  14. Building Global Partnerships Direct Access A Diverse Network of Partners China 75accredited entities Private Sector International Access

  15. Synergies across climate landscape

  16. Making sense of the landscape • GCF mandated to pursue “complementarity & coherence” • GCF Board approved operational framework to focus cooperation with AF, GEF, and CIFs • Enhance complementarity at the activity level: • Readiness & capacity building • Accreditation • Funding proposals • Policies and procedures • Promote coherence at the national programming level: • Project development and appraisal (pipeline) • Country & entity work programmes • NAP implementation

  17. Supporting Laos NDA in the promotion of synergies • NDAs are the linchpin of GCF engagement in-country: • Convening national discussions on climate finance • Addressing national climate & development priorities in light of mitigation & adaptation challenges • Coordinating stakeholders across public, private and international sectors & monitoring actions • Identifying & nominating national entities for accreditation to the GCF • Monitoring GCF-funded activities within the country

  18. Building greater strategic national coherence

  19. GCF supporting countries efforts in promoting coherence at the national programming level Readiness and programming • GCF country programmes as tool to engage climate finance landscape, implement country’s strategies • GEF/GCF Coordinated Engagement initiative • Readiness support available for institutional capacity and coordination mechanisms to govern and coordinate climate action and finance, develop climate finance strategies Funding proposals and Concept notes Proactive identification of interaction of funding, including scaling-up experiences from other Funds Revisions to readiness programme Policies and procedures • Harmonization and synergies in accreditation and work with AEs • Benchmarking in policy development, including adaptation approach • Harmonization in M&E policies and procedures

  20. Coordinating programming & identification/ development of financing priorities • NDAs and the funds can cooperate for coherent national programming in a variety of ways • Readiness support for Country Programmes can build a nationally-coherent approach to strategic climate finance engagement • Enhance synergies between climate finance channels and private sector for increased investment – replication, scale-up • Improve sharing of information on support requests vis-à-vis national policies by NDAs and accredited entities (AEs) including for other funds

  21. GCF – GEF Collaboration

  22. Synergies: Examples from the ground (GEF)

  23. GCF-CIFs Programming Board mandated at B.20

  24. ຂອບໃຈຫຼາຍໆເດີ້

  25. Fit-for-Purpose Accreditation Fiduciary functions Mandate & track record • Basic • Specialized • Project management • Grant award • On-lending/blending (loans, equity and/or guarantees) • Alignment with Fund objectives • At least 3 year of operations Project size Environment & social risk category • Micro ( <10M) • Small (10-50M) • Medium (50-250M) • Large ( >250M) • A (high) • B (medium) • C (minimal or no)

  26. Readiness support $115.8m for 115 countries EASTERN EUROPE 11 approved (USD 7.9m, 9 countries) 10 disbursed (USD 1.7m, 9 countries) ASIA-PACIFIC 61 approved (USD 31.1m, 32 countries) 58 disbursed (USD 12.7m, 32 countries) LATIN AMERICA & the CARIBBEAN 63 approved (USD 39.8m, 30 countries) 51 disbursed (USD 12.5m, 27 countries) AFRICA 68 approved (USD 37m, 44 countries) 60 disbursed (USD 15m, 38 countries) As of 28 November 2018

  27. Status of support for Adaptation Planning Processes Mongolia Bosnia & Herzegovina Uzbekistan Serbia Montenegro Armenia Bhutan Kyrgyz Republic Pakistan Nepal Egypt Mauritania Tajikistan Dominican Republic Bangladesh Mali Sudan Niger Antigua & Barbuda Myanmar Honduras Benin Azerbaijan South Sudan Costa Rica Liberia Turkmenistan Colombia Albania Kenya Haiti Cote d’Ivoire Dominica Ecuador DRC Mexico Tanzania Iraq Chad Gabon Guatemala Oman Malawi El Salvador Zimbabwe Nigeria Madagascar Somalia Uruguay Ghana Uganda Cameroon Swaziland Burundi Tonga PNG Argentina Peru Mauritius Sao Tome Principe Seychelle Lesotho As of 26November 2018

  28. Opportunities for complementarity in CIF and GCF programming FIP Strategic Programmes for Climate Resilience Opportunity A) SPCR elements can feed into different GCF programming elements Opportunity B) Driven by countries, FIP projects can be built on with GCF finance READINESS (including adaptation planning) GCF Support: PROJECT PREPAR- ATION CLIMATE IMPACT FUNDING PROPOSALS

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