4-2-gcf - gfcs june 2016

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Overview of the Green Climate Fund in relation to climate services Demetrio Innocenti Global Framework for Climate Services (GFCS) Partner Advisory Committee , Fifth Session, 01 June 2016 | Brussels, Belgium,

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Page 1: 4-2-GCF - GFCS June 2016

Overview of the Green Climate Fund in relation to climate services

Demetrio Innocenti

Global Framework for Climate Services (GFCS)Partner Advisory Committee , Fifth Session,

01 June 2016 | Brussels, Belgium,

Page 2: 4-2-GCF - GFCS June 2016

• Operating entity of UNFCCC financial mechanism

• Serving the Paris Agreement

• Promoting paradigm shift towards low-emission and climate-resilient development pathways

• Headquarters in Songdo, Republic of Korea

About the Fund

https://www.greenclimate.fund/documents/20182/56440/Governing_Instrument.pdf/caa6ce45-cd54-4ab0-9e37-fb637a9c6235

Page 3: 4-2-GCF - GFCS June 2016

$9.9 billionsigned

37 governments

contribution agreement or arrangement

Resources mobilized

$10 billionpledged

42 countries9 developing

Berlin pledging conference and COP20

Up to $ 2.5 billion per year over 2015-18…

Page 4: 4-2-GCF - GFCS June 2016

Resources & Allocation

Private Sector Facility

Sufficient resources for

Readiness Geographical balance

Page 5: 4-2-GCF - GFCS June 2016

Funding approved

EastAfrica

Peru

Senegal

Malawi

Mexico

Maldives

83% LDCs, SIDS & Africa

$168M to 8 projects

$109M for adaptationBangladesh

Fiji

Page 6: 4-2-GCF - GFCS June 2016

Growing project pipeline

• 41 funding proposals• $2.4 billion of GCF funding

Page 7: 4-2-GCF - GFCS June 2016

GCF & its partners

Page 8: 4-2-GCF - GFCS June 2016

Proposal ApprovalProcess

Page 9: 4-2-GCF - GFCS June 2016

Impact potential

Paradigm shift potential

Sustainable development potential

Responsive to recipients needs

Promote country ownership

Efficiency & effectiveness

Potential to contribute to achievement of Fund's objectives and result areas

Economic and, if appropriate, financial soundness, as well as cost-effectiveness and co-financing for mitigation

Country ownership and capacity to implement (policies, climate strategies and institutions)

Vulnerability and financing needs of beneficiary in targeted group

Wider economic, environmental, social (gender) co-benefits

Catalyze impact beyond a one-off investment

Six Investment Criteria

Page 10: 4-2-GCF - GFCS June 2016

Projects & Programmes Result Areas

Page 11: 4-2-GCF - GFCS June 2016

GFCS

Adaptation IR

2M

itigation IR4

Adaptation IR

2

Adaptation IR

1

Adaptation IR

2

Adaptation IR

2

GCF

GFCS – GCF priority areas

Page 12: 4-2-GCF - GFCS June 2016

USD 13 million committed to 49 countries

Tunisia

Mali

Senegal

Benin

GabonCote d'Ivoire

GuineaLiberia Togo Ethiopia

Democratic Republic of Congo

Chad

Djibouti

Central African Republic

Republic of Congo

Swaziland

Zambia

Kenya

Mauritius

SeychellesTanzania

Comoros

Antigua and BarbudaDominican Republic

Guyana

El Salvador

Bolivia

Guatemala

Brazil

Chile

Honduras

Colombia

Mexico

Costa Rica

Peru

Niue

Palau FSM

Vanuatu

Timor-Leste

Cook Islands

Bangladesh

Cambodia

India

MongoliaPakistan

Philippines

Thailand

Readiness support to countries

Page 13: 4-2-GCF - GFCS June 2016

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)

Fiduciaryfunctions

• Basic

• Specialized

Environment & Social risk category

• A (high)

• B (medium)

• C (low)

Fit-for-purpose accreditation

Page 14: 4-2-GCF - GFCS June 2016

Ministry of Natural Resources of Rwanda

As of March 2016

Morocco Ethiopia KenyaArgentina

33 entities accredited to date

A Diverse Network of Partners

Senegal NamibiaIndia Peru

Page 15: 4-2-GCF - GFCS June 2016