1. GCF business model

2. Strategic engagement through country programmes
Engaging with GCF
Establish and maintain a National Designated Authority (NDA) or focal point
Strategic engagement through country programmes
Identify and seek accreditation of entities to access resources from the Fund
Develop projects and programmes to bring forward funding proposals through accredited entities
Establish and maintain a National Designated Authority (NDA) or focal point
Strategic engagement through development of country programmes -- not obligatory but a recommended approach to develop country programmes and determine which priorities identified by country strategies (INDCs, LEDs, NAPAs, NAMAs, etc.) are the best match for GCF support. GCF Secretariat supporting countries in developing draft country programmes. By end 2016, 96 draft country programmes were prepared by countries, supported by the GCF Secretariat.
Identify and seek accreditation of entities to access resources from the Fund.
Develop projects and programmes to bring forward funding proposals through accredited entities.
Many of the features of the Fund are unique
Be it its scale, or its diversity of partners & financial tools
Balanced governance
Focus on adaptation particularly for vulnerable countries like SIDS
Ability to work with the private sector, and
Strong ethos of empowering countries
These features set the Fund apart from other funds and financing institutions in the climate finance space

3. Project implementation
Iterative process
Country programme
Entity programme
Pipeline development
Funding proposals
Project implementation
Results & learning

4. Key elements Country’s development & climate change context
Priority areas for GCF programming
Project preparation & readiness needs
Alignment with GCF policies
Roles of stakeholders, particularly entities
Complementary support
Monitoring & updates

5. 8 Strategic Results Areas
With a focus on…
Impacts
Paradigm-shift potential
Crosscutting adaptation-mitigation benefits
Sustainable development co-benefits
What areas of mitigation and adaptation will we fund?
Adaptation – Activities that make resilient :
the livelihoods of people and communities
Infrastructure & built environment
Ecosystems & ecosystem services
Health, food & water systems
Mitigation – activities that reduce or avoid emissions:
Energy generation & access
Transport
Appliances, buildings, cities & industries
Forests & land use
For each activity in any of these areas, we will also be looking for impacts, paradigm shift potential, crosscutting benefits & sustainable development co-benefits
Will cover this in more detail in the next presentation

6. Six Investment Criteria Against which proposals are assessed
Impact potential
Paradigm shift potential
Sustainable development potential
Country ownership
Efficiency & effectiveness
Responsive to needs of recipients
Potential to contribute to achievement of Fund's objectives and result areas
Long-term impact beyond a one-off investment
Wider economic, environmental, social (gender) co-benefits
Country ownership and capacity to implement (policies, climate strategies and institutions)
Six high-level investment criteria of the Fund…
These form the high-level filter for assessing funding proposals
Economic and, if appropriate, financial soundness, as well as cost-effectiveness and co-financing for mitigation
Vulnerability and financing needs of beneficiary in targeted group

7. Project approval process
GCF Proposal Approval Process

8. Technical Advisory Panel
Project approval process
Legal arrangements
Accredited Entity
Secretariat
GCF Board
Concept note (optional)
Generation of Project idea
Submission of funding proposal
No-objection
Analysis and recommendation
Board Decision
NDA
Technical Advisory Panel
Trustee 1 6 2 3
Possible request for Readiness support by NDA
Possible support from Project Preparation Facility to AE 4 5
Based on Board decision B.07/03