Title of Presentation Name of Presenter Event Name Month Year | Location Subtitle/Agenda Item/Etc. (optional) Engaging with the Green Climate Fund Liberal Seburikoko, Regional Adviser UNFCCC’s African Regional Workshop on NAMAs 17 August 2015 | Kigali, Rwanda
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Title of Presentation Name of Presenter Event Name Month Year | Location Subtitle/Agenda Item/Etc. (optional) Engaging with the Green Climate Fund Liberal.
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Title of Presentation
Name of Presenter
Event NameMonth Year | Location
Subtitle/Agenda Item/Etc. (optional)
Engaging with the Green Climate Fund
Liberal Seburikoko, Regional AdviserUNFCCC’s African Regional Workshop on NAMAs
17 August 2015 | Kigali, Rwanda
NAME GREEN CLIMATE FUND
TYPE Financial Mechanism of the Convention - UNFCCC
ESTABLISHED 11 December 2010 in Cancun, Mexico
STAKEHOLDERS 194 CountriesSignatories to the UNFCCC
GOVERNANCE 24 Board MembersEqual representation of developing and developed countries
MANDATE To promote low-emission and climate-resilient development in developing countries
HEADQUARTERS Songdo, Republic of Korea
Facts at a Glance
Key steps for countries to engage:
• Establish and maintain a National Designated Authority (NDA) or Focal Point
• Strategic engagement through country programmes (optional)
• Identify and seek accreditation of entities to access resources from the Fund
• Develop projects and programmes to bring forward funding proposals through accredited entities
Financing architecture
Roles of NDAs and Focal Points
Accredited Entities
Ministry of Natural Resources of Rwanda
Reg
ion
al
Nati
on
al
Inte
rnati
on
al
Role and Responsibilities of Accredited Entities
Prepare projects
Respect country ownership
Project appraisal, structuring, supervision and evaluation
Reporting
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)
Fiduciary functions
• Basic
• Specialized
Environment & Social risk category
• A (high)
• B (medium)
• C (low)
Fit-for-Purpose Accreditation
Resources Allocation Framework
• $10.2 billion in pledges
• $5.75 billion in signed contributions
• 50/50 split between adaptation & mitigation
• Geographic balance
• 50% of adaptation resources for SIDS, LDCs and African states
Adaptation
(50%)
Mitigation
(50%)
SIDS, LDCs & Africa (at least
half)
What kind of projects/programmes
are we looking for?Can be public or private sector projects/programmes
that have one or more impacts in:
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Faith Choga
For M&A and PSF: Slide 10: The title might be changed to focus on the GCF results areas. Perhaps, “What Kind of Projects/Programmes are we looking for?”
Faith Choga
I believe this is already based on teh Results Management/Measurement Framework
S Kwan
Correct, this was already checked by Tao in the v1 (November 2014) and is unchanged here.
Why was the PSF created?
What types of interventions will the PSF
make?
How can the private sector
access the PSF?
• To mainstream the private sector into climate change mitigation and adaptation
• Fund climate risk assessment models and tools• Long-term debt; liquidity backstops and refinancing;• Equity required to develop a project to full bankability• Guarantees to bear specific risk to entice hesitant investors
• Financial intermediaries that meet the Fund’s standards
• Accredited entities present funding proposals, either spontaneously or as a response to an RFP
PSF Overview
How to prepare a project proposal?
After accreditation, an accredited entity can submit project and programme proposals for funding.
Accredited entities must seek the no-objection(s) from the NDA(s) or focal point(s) for funding proposals.
Funding proposals will be evaluated against the Fund’s investment criteria.