( Log Out /  Finally, over 60% of Africa’s GCF-funded projects and programmes are managed by International Access Entities (IAEs).

In Rwanda, concept notes for the development of green secondary cities and eco-industrial parks were developed as part of GGGI’s Readiness work.

GGGI supported the government in its effort to set up institutions and plans to implement its inclusive and environmentally friendly energy transition.

Readiness in Action: Advancing Thailand’s Access to GCF. As a Readiness Delivery Partner, GGGI can support Readiness Programme implementation through various interventions. of projects Anticipated number of people with increased resilience Anticipated tonnes of CO2 equivalent avoided Geographic distribution Priority countries Funding amount by target No.

Through the Readiness programme, detailed physical plans for a green city were developed to create an enabling environment and opportunities for private sector investments. The GCF Apps portal is available for GCF Board members, National Designated Authorities (NDA) / Focal Points, and Accredited Entities (AE). 76 projects/programmes with USD 3.7 billion in GCF funding Portfolio Overview. GGGI has also developed 10 concept notes submitted for Fiji, Lao PDR, Rwanda and Vanuatu, six through SAP. f?��3-���޲]�Tꓸ2�j)�,l0/%��b� Directing finance to where it is needed most. GGGI has done so by supporting countries to tap into finance from diverse sources, including bilateral aid, multilateral development banks, and the private sector. In Burkina Faso, Cambodia, Cote d’Ivoire, Ethiopia, Fiji, Guyana, Indonesia, Jordan, Mexico, Morocco, Mozambique, Myanmar, the Philippines, Uganda and Vanuatu, GGGI’s Readiness work is helping these countries to access climate finance by developing upwards of 70 concept notes for submission to GCF. As a result, adaptation to the impacts of climate change is a major concern and priority for Rwanda. Country leadership and ownership in Readiness programme delivery was critical. Trusted Evidence. The Government of Vanuatu injected initial capital funding in 2018, 2019 and 2020, totaling USD 1.2 million for NGEF’s operations and initial investments. GGGI has been working with ONEP since 2014. Programme ideas and activities were aligned to existing and ongoing government interventions at the national and sub-national levels. To overcome the access-to-finance barrier, a credit guarantee has been proposed with an existing support scheme from the government to initiate two new financing facilities: The Green Growth Loan Facility and the Solar PV Rooftop Green Bond Facility. In addition, Africa’s portfolio primarily addresses only three GCF result (impact) areas: energy, livelihoods, and health. * The Funded Activity Agreement (FAA) is an agreement signed by GCF and the Accredited Entity that establishes how a project will be implemented.

GGGI has already helped mobilize over USD 1 billion in green investments and climate finance in developing countries. In most of these projects, GGGI works with national direct access entities. Thus, if IAEs and DAEs are equally efficient in their operations, IAEs are less cost-effective. Through the GCF Readiness programme, Thailand is now in a better position to access GCF, especially in green project development in industries. Change ), Climate Policy is a leading peer-reviewed academic journal covering climate change policy issues across all disciplines, sectors and jurisdictions. In Lao PDR, concept notes for mainstreaming climate change considerations and actions into urban management and planning with focus on investment and infrastructure, and reducing the vulnerability to climate change of the population of cities in Lao PDR through the improvement of flood management and adoption of climate-resilient buildings technologies and practices. Despite the challenges, there are opportunities to leverage existing resources and capitalise on linkages between mitigation and adaptation, to promote both greater and direct engagement with the GCF and diversify Africa’s GCF portfolio. GGGI partners closely with GCF to support developing countries to access climate finance. Directing finance to where it is needed most.

GGGI has done so by supporting countries to tap into finance from diverse sources, including bilateral aid, multilateral development banks, and the private sector. All developing country Parties to United Nations Framework Convention on Climate Change (UNFCCC) can access GCF’s Readiness Programme. �� PK ! General inquiries: +82 70 7117 1116. So we can get to know you better, please identify yourself and the organisation you are affiliated with. The industrial sector is expected to be the largest contributor, with 8% of the total 20% GHG emissions reduction goal. Part I: Introduction to the GCF water portfolio. However, other GCF result areas and investment priorities such land use, agriculture, and forestry (i.e., the Agriculture, Forestry and Other Land Use [AFOLU] sector) have either not been targeted in proposal development or, if addressed in proposals, the proposals were not approved. One critical source of climate finance is the Green Climate Fund (GCF), which empowers developing countries to achieve their NDCs by financing mitigation and adaptation initiatives that align with countries’ needs and priorities. An investor forum organized in 2018 showcased the NGEF and its project pipeline, which triggered interest from a number of potential donors. GCF portfolio, while Koronivia topics related to nutrient use, manure management and livestock management are the least represented. For example, by capitalising on the nexus between mitigation and adaptation, as well as synergies between Nationally Determined Contributions (NDCs) and GCF investment priorities as a means of developing more competitive proposals that address national priorities and needs and support international commitments. The total value of these projects is estimated at USD 685 million, of which GCF contribution is over USD 300 million. Critics note that a limited number African countries are benefitting from the GCF funding. It also aims for a floor of 50 percent of the adaptation allocation for particularly vulnerable countries, including Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. GGGI supports national designated authorities (NDAs) and existing and potential national direct access entities (DAEs to develop projects for submission to GCF and to access Readiness Programme resources. The Rwanda Environment Management Authority (REMA) serves as GCF’s NDA and has nominated GGGI to implement Readiness support with a focus on green city development, ensuring private sector engagement, NDA capacity building and institutional strengthening of the National Coordination Team. p�+�����9�dEB�0�A�v��r����z �v�b���$7`E*} G��G+��!����t��K�N0{���;�bk���H_�$�֬��6權i� �?��`���h)���ީ'd�=UIʦ'mtH���DB����~�8�VP\�����.����˭%e���N_�ZB��n!z )�=YSv+�;��ۄ����k{}H��q:��5t3<9��+�D����{!���'h}���c �{`�g4���{Aj��y�6:�^pj$��s/���x��Ak<0�����e�r��x`���ߎ��;������޺i�����_bc�R$u6/bZ��+�}�a�z���D�>�|��#�H6o���? Over the next 15 years, it is estimated the world needs about USD 90 trillion in climate smart infrastructure – most of it in developing countries. Informed Policies. Post was not sent - check your email addresses! For countries to access climate finance from the Green Climate Fund (GCF), the Global Green Growth Institute (GGGI) develops funding proposals, two of which have already been approved (for Ethiopia and Rwanda), three in the GCF pipeline (for Mongolia, India and Senegal), and one being developed (for Indonesia).

All developing country Parties to United Nations Framework Convention on Climate Change (UNFCCC) can access GCF’s Readiness Programme. In Burkina Faso, Cote d’Ivoire, Fiji, Guyana, Indonesia, Jordan, Mexico, Mozambique, Myanmar, the Philippines, Uganda and Vanuatu, GGGI’s Readiness work is supporting the nomination and application of potential national DAEs. GGGI partners closely with GCF to support developing countries to access climate finance. The three webinars focused on: Gender Mainstreaming Guideline for Climate Change Projects in PNG […], Over the past 6 months, the Global Green Growth Institute (GGGI) and the Fiscal Policy Agency, Ministry of Finance Republic of Indonesia as the National Designated Authority (NDA) Green Climate Fund (GCF) Indonesia has been working with E Co. to build the capacity of shortlisted project proponents from the inaugural NDA Call for Project Concept […], Directing finance to where it is needed most Delivering inclusive growth while limiting climate change to 1.5°C will require the mobilization of finance at a historic scale.
To help accelerate NDC implementation, GGGI supported the development of Thailand’s Industry GHG Reduction Roadmap in 2016, the NDC Action Plan for the Industrial Sector in 2017, and an NDC capacity needs and gaps assessment in 2018. In Thailand, GGGI’s Readiness activities resulted in the development of a green investment plan to reduce GHG emissions and enhance the competitiveness of the country’s food industry. Climate finance plays a vital role in accelerating the implementation of Nationally Determined Contributions (NDCs) and advancing the Sustainable Development Goals (SDGs). Obtaining direct access to the GCF (which, as we note, poses its own challenges) will address the challenges presented by relying on IAEs.

Adaptation Portfolio and Approach of the GCF, Synthesis of the GCF Accreditation Function, Simplified Approval Process Pilot Scheme (SAP), GCF investments in Small Island Developing States (SIDS), Evidence Review on Private Sector Investments in Mitigation, Evidence Review on Results-Based Payments, Evidence Review on Transformational Change, Video Highlight: The IEU's evaluation of the GCF adaptation portfolio, Good will hunting: Challenges of theory-based impact evaluations for climate investments in a multilateral setting, by Jyotsna Puri, Archi Rastogi, Martin Prowse and Solomon Asfaw (2019), The Impact of Cash Transfer Programs in Building Resilience: Insight from African Countries, by Solomon Asfaw and Benjamin Davis (2018), Climate Resilience Pathways of Rural Households.


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