4-2-GCF - GFCS June 2016
Transcript of 4-2-GCF - GFCS June 2016
Overview of the Green Climate Fund in relation to climate services
Demetrio Innocenti
Global Framework for Climate Services (GFCS)Partner Advisory Committee , Fifth Session,
01 June 2016 | Brussels, Belgium,
• Operating entity of UNFCCC financial mechanism
• Serving the Paris Agreement
• Promoting paradigm shift towards low-emission and climate-resilient development pathways
• Headquarters in Songdo, Republic of Korea
About the Fund
https://www.greenclimate.fund/documents/20182/56440/Governing_Instrument.pdf/caa6ce45-cd54-4ab0-9e37-fb637a9c6235
$9.9 billionsigned
37 governments
contribution agreement or arrangement
Resources mobilized
$10 billionpledged
42 countries9 developing
Berlin pledging conference and COP20
Up to $ 2.5 billion per year over 2015-18…
Resources & Allocation
Private Sector Facility
Sufficient resources for
Readiness Geographical balance
Funding approved
EastAfrica
Peru
Senegal
Malawi
Mexico
Maldives
83% LDCs, SIDS & Africa
$168M to 8 projects
$109M for adaptationBangladesh
Fiji
Growing project pipeline
• 41 funding proposals• $2.4 billion of GCF funding
GCF & its partners
Proposal ApprovalProcess
Impact potential
Paradigm shift potential
Sustainable development potential
Responsive to recipients needs
Promote country ownership
Efficiency & effectiveness
Potential to contribute to achievement of Fund's objectives and result areas
Economic and, if appropriate, financial soundness, as well as cost-effectiveness and co-financing for mitigation
Country ownership and capacity to implement (policies, climate strategies and institutions)
Vulnerability and financing needs of beneficiary in targeted group
Wider economic, environmental, social (gender) co-benefits
Catalyze impact beyond a one-off investment
Six Investment Criteria
Projects & Programmes Result Areas
GFCS
Adaptation IR
2M
itigation IR4
Adaptation IR
2
Adaptation IR
1
Adaptation IR
2
Adaptation IR
2
GCF
GFCS – GCF priority areas
USD 13 million committed to 49 countries
Tunisia
Mali
Senegal
Benin
GabonCote d'Ivoire
GuineaLiberia Togo Ethiopia
Democratic Republic of Congo
Chad
Djibouti
Central African Republic
Republic of Congo
Swaziland
Zambia
Kenya
Mauritius
SeychellesTanzania
Comoros
Antigua and BarbudaDominican Republic
Guyana
El Salvador
Bolivia
Guatemala
Brazil
Chile
Honduras
Colombia
Mexico
Costa Rica
Peru
Niue
Palau FSM
Vanuatu
Timor-Leste
Cook Islands
Bangladesh
Cambodia
India
MongoliaPakistan
Philippines
Thailand
Readiness support to countries
Mandate & track record
• Alignment with Fund objectives
• At least 3 year of operations
Project size
• Micro (>10mn)
• Small (10-50mn)
• Medium (50-250mn)
• Large (>250mn)
Fiduciaryfunctions
• Basic
• Specialized
Environment & Social risk category
• A (high)
• B (medium)
• C (low)
Fit-for-purpose accreditation
Ministry of Natural Resources of Rwanda
As of March 2016
Morocco Ethiopia KenyaArgentina
33 entities accredited to date
A Diverse Network of Partners
Senegal NamibiaIndia Peru