The Green Climate Fund (GCF) was established in 2010 to support climate change mitigation and adaptation projects, programmes, policies and other activities in developing country Parties. With regard to adaptation, such projects, programmes, policies or activities may be derived from the NAPs, NAPAs and other relevant national strategies.
Countries can engage with the GCF through the following three approaches:
- Establishing and maintaining a national designated authority (NDA) or focal point which functions as the main interface between the country and the GCF and ensures that activities funded by the GCF are in line with the national objectives and priorities;
- Identifying and seeking accreditation of entities to access resources from the GCF which need to meet the GCF’s fiduciary standards and environmental and social safeguards and be aligned with its objectives;
- Developing projects and programmes through accredited entities in partnership with NDAs and focal points.
The GCF also provides readiness and preparatory support activities to enhance country ownership and to ensure access during the early stages of the GCF. The support provided is cross-cutting and ongoing and iterative to strengthen the interaction between the county and the GCF. The readiness programme targets all developing counties, however, prioritizes the particular vulnerable counties such as LDCs, SIDS, and African States. The readiness and preparatory support programme has five main activity areas:
The GCF Board approved its first set of projects in early November 2015. Two of the eight approved projects were from LDCs. More information about the project proposals considered is available on the GCF website for its 11th Board Meeting.
RELEVANT LINKS
http://www.greenclimate.fund/home
http://www.greenclimate.fund/contributions/pledge-tracker#resource-mobilization
http://www.greenclimate.fund/ventures/readiness
http://www.greenclimate.fund/ventures/funding#get-funded