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:

12

Home

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.

Home

37

• Potential to the achieve the Fund's objectives and result areasImpact Potential

• Potential to catalyse impact beyond a one-off project or programme investment

Paradigm Shift Potential

• Potential to provide wider benefits and priorities

Sustainable Development Potential

• Vulnerability and financing needs in recipient countryNeeds of Recipient

• Beneficiary country ownership of and capacity to implement funded activitiesCountry Ownership

• Economic and, if appropriate, financial soundness of the programme/project

Efficiency & Effectiveness

Investment Framework

Potential Investment Priorities: Clustering Expected Results

FORESTRY

Ecosystems and ecosystem services

Livelihoods of people and communities

Transport

ENERGY generation and access

MitigationReduced emissions from

Infrastructure + built environment

Buildings, cities, industries and appliances

Forests and land use

AdaptationIncreased resilience

of

CITIES

AGRICULTURE

Health, food and water security

RESILIENCE OF SIDS

22 44

55

33

11

The Fund Reached Effectiveness in May

2015

Berlin Pledging conference and

COP20 =$10.2 billionequivalent

pledged by 32 countries, including

developing ones

Conversion into contributions

agreements or arrangements with 24 governments for

$5.75 billion

Up to $ 2.5 Bn equivalent / year over 2015-18

It’s a great start and more resources are needed.

WE ARE READY TO DO BUSINESS