1. Engaging with the Green Climate Fund
Liberal Seburikoko, Regional Adviser
UNFCCC’s African Regional Workshop on NAMAs
17 August 2015 | Kigali, Rwanda

2. Facts at a Glance NAME GREEN CLIMATE FUND TYPE
Financial Mechanism of the Convention - UNFCCC
ESTABLISHED
11 December 2010 in Cancun, Mexico
STAKEHOLDERS
194 Countries
Signatories to the UNFCCC
GOVERNANCE
24 Board Members
Equal representation of developing and developed countries
MANDATE
To promote low-emission and climate-resilient development
in developing countries
HEADQUARTERS
Songdo, Republic of Korea

3. 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

4. Financing architecture

5. Roles of NDAs and Focal Points

6. Accredited Entities Regional National International
Ministry of Natural Resources of Rwanda
National
International

7. Role and Responsibilities of Accredited Entities
Prepare projects
Respect country ownership
Project appraisal, structuring, supervision and evaluation
Reporting

8. Fit-for-Purpose Accreditation
Fiduciary functions
Mandate & track record
Basic
Specialized
Alignment with Fund objectives
At least 3 year of operations
Environment & Social risk category
Project size
Micro (>10mn)
Small (10-50mn)
Medium (50-250mn)
Large (>250mn)
A (high)
B (medium)
C (low)

9. 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
Mitigation
(50%)
SIDS, LDCs & Africa
(at least half)
Adaptation
(50%)

10. What kind of projects/programmes are we looking for?
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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

11. PSF Overview
To mainstream the private sector into climate change mitigation and adaptation
Why was the PSF created?
What types of interventions will the PSF make?
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
How can the private sector access the PSF?

12. How to prepare a project proposal?
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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. 37

13. Investment Framework
Impact Potential
Potential to the achieve the Fund's objectives and result areas
Paradigm Shift Potential
Potential to catalyse impact beyond a one-off project or programme investment
Sustainable Development Potential
Potential to provide wider benefits and priorities
Needs of Recipient
Vulnerability and financing needs in recipient country
Country Ownership
Beneficiary country ownership of and capacity to implement funded activities
Efficiency & Effectiveness
Economic and, if appropriate, financial soundness of the programme/project

14. Potential Investment Priorities: Clustering Expected Results
Mitigation
Reduced emissions from
Adaptation
Increased resilience of 5
ENERGY generation and access 2 4
AGRICULTURE
RESILIENCE OF SIDS
Buildings, cities, industries and appliances
Livelihoods of people and communities
Transport
Infrastructure + built environment 1
CITIES
Health, food and water security 3
FORESTRY
Ecosystems and ecosystem services
Forests and land use

15. The Fund Reached Effectiveness in May 2015
Berlin Pledging conference and COP20 =
$10.2 billion
equivalent 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
It’s a great start and more resources are needed.

16. WE ARE READY TO DO BUSINESS