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Green Climate Fund Da Nang, 5th April 2017 Dr. Binu Parthan
GEF Expanded Constituency Workshop Da Nang, 5th April 2017
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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;
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Strategic Results Areas
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Portfolio composition
35 projects/programmes with USD 1.5 billion in GCF funding
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Mitigation impacts 2.3 GtCO2eq
Estimated climate impact & results Mitigation impacts 2.3 GtCO2eq Adaptation impacts 162 million beneficiaries
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169 CNs totaling USD 7.9 billion in GCF funding
GCF pipeline: Concept notes 169 CNs totaling USD 7.9 billion in GCF funding
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Programming Roadmap Country programs Entity work programs Pipelines
INDCs, NAPs or other strategies & plans Country’s GCF priorities Led by NDA/focal point Stakeholder engagement Entity work programs Responds to country priorities Identifies regional or multi-country initiatives Pipelines Project concepts to seek preparation funding or early feedback Funding proposals developed for funding
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Country and Entity Programmes
GCF programming Summation INDCs NAPs Country and Entity Programmes GCF pipelines PPF READINESS FP
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GCF programming Elements
Country Programmes Entity work programmes Structured Dialogues
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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
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Synergies GCF synergy – GEF & AF – fit for purpose- fast-track;
Enhancing Direct Access; Investment Criteria – SD benefits – important; Country Programmes – Asia Structure Dialogue Bali – April. More ways, opportunities – country – stakeholders.
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Outlook GCF Already Synergising;
Country Programmes & Entity Programmes – tool for synergies; Country- stakeholder driven Scale, Innovation, Private Sector, non-grant instruments.
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