Overview of Green Climate Fund Initiatives
The Green Climate Fund (GCF) is a key financial mechanism under the UNFCCC and the Paris Agreement, with a portfolio comprising 35 projects/programs funded at USD 1.5 billion. It aims to address climate change through various sectors like energy access, transport, forestry, livelihoods, health, infrastructure, and ecosystems. The estimated climate impacts include mitigation of 2.3 GtCO2eq and adaptation benefiting 162 million people. The GCF pipeline includes 169 concept notes totaling USD 7.9 billion. Programming encompasses country programs, entity work programs, INDCs, NAPs, and stakeholder engagement to align with country priorities.
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Green Climate Fund Dr. Binu Parthan GEF Expanded Constituency Workshop Da Nang, 5thApril 2017
The Green Climate Fund Operating entity of the financial mechanism of the UNFCCC, CoP16 Financial mechanism under Paris Agreement UNFCCC, CoP 21 Secretariat CoP19, December 2013 Songdo;
Portfolio composition 35 projects/programmes with USD 1.5 billion in GCF funding
Estimated climate impact & results Mitigation impacts 2.3 GtCO2eq Adaptation impacts 162 million beneficiaries Total requested GCF funding by results areas: Public sector (%) Total requested GCF funding by results areas: Private sector (%) Energy access & generation 12% Energy access & generation 56% Transport 0% Transport 20% Energy efficiency 1% Energy efficiency 8% Forestry & land use 6% Forestry & land use 8% Livelihoods 27% Livelihoods 1% Health, food & water security 22% Health, food & water security 1% Infrastructure resilience 18% Infrastructure resilience 0% Ecosystem 14% Ecosystem 7%
GCF pipeline: Concept notes 169 CNs totaling USD 7.9 billion in GCF funding
Programming Roadmap Country programs Entity work programs INDCs, NAPs or other strategies & plans Pipelines Responds to country priorities Country s GCF priorities Project concepts to seek preparation funding or early feedback Identifies regional or multi- country initiatives Led by NDA/focal point Stakeholder engagement Funding proposals developed for funding
GCF programming Summation INDCs Country and Entity Programmes GCF pipelines NAPs
GCF programming Elements Entity work programmes Country Programmes Structured Dialogues
Equity Universal Green Energy Access Deutsche Bank Investment Fund off-grid energy, 50 investments Benin, Kenya; Namibia, Nigeria, Tanzania $ 78.4 million equity $ 1.6 million TA facility Fund size $ 300 million , public and private 15 years; RE -Off-grid, mini-grid, industrial Mitigation 50 tCO2e
Synergies GCF synergy GEF & AF fit for purpose- fast-track; Enhancing Direct Access; Investment Criteria SD benefits important; Country Programmes Asia Structure Dialogue Bali 26-29 April. More ways, opportunities country stakeholders.
GCF Already Synergising; Country Programmes & Entity Programmes tool for synergies; Country- stakeholder driven Scale, Innovation, Private Sector, non- grant instruments. Outlook
Thank You Contact us at countries@gcfund.org or bparthan@gcfund.org
