WMO-CCL-MG Meeting, Yerevan, Armenia 6-8 September, 2016 Rodney Martinez Opportunities related to the Green Climate Fund
14/09/2016 Presentación de empresa 2012 Source: http://www.climatefundsupdate.org/about-climate-fund/global-finance-architecture
WHAT IS GCF? Climate change is the defining challenge of our time. The human impact on our planet is unprecedented. Long-term changes in the earth s climate system are significant. The Green Climate Fund was established with a mission to advance the goal of keeping the temperature increase on our home planet below 2 degrees Celsius. The Fund is a unique global initiative to respond to climate change by investing into low-emission and climate-resilient development. GCF was established by 194 governments to limit or reduce greenhouse gas emissions in developing countries, and to help adapt vulnerable societies to the unavoidable impacts of climate change. Given the urgency and seriousness of the challenge, the Fund is mandated to make an ambitious contribution to the united global response to climate change.
Fund architecture
How to engage with the Fund? Readiness Accreditation Project/Programme Proposals
Roles of NDAs and focal points
Readiness status (as of 1 Oct 2015) NDAs, focal points and readiness overview 135 NDAs or focal points 87 readiness requests $4.6 million committed 17 NDAs/focal points
Access to Green Climate Fund resources Through a country-driven approach, the National Designated Authority (NDA) of a country can identify the strategy by which it will address climate change, and provide broad strategic oversight of the Fund s activities in the country. Access to Fund resources to undertake climate change projects/programmes will be through accredited national, regional and international implementing entities and intermediaries. Entities seeking accreditation to the Fund in order to access its resources will be assessed against the Fund s fiduciary principles and standards, environmental and social safeguards (ESS) and gender policy. 8
Accredited entities Regional National Ministry of Natural Resources of Rwanda International
Mitigation Adaptation Resources & allocation $10.2 billion in pledges $5.8 billion in signed contributions (1 Oct) Geographical balance Sufficient resources for readiness 37 governments, 8 developing countries Significant allocation to private sector
Size of project/activity within a programme Total Projected Costs* * At the time of application, irrespective of the portion that is funded by the Fund and, if applicable, other sources, for an individual project or activity within a programme. 16
Projects & programmes With a focus on Impacts Paradigm-shift potential Crosscutting adaptation-mitigation benefits Sustainable development cobenefits
Six Investment Criteria Impact potential Potential to contribute to achievement of Fund's objectives and result areas Paradigm shift potential Catalyze impact beyond a one-off investment Sustainable development potential Wider economic, environmental, social (gender) co-benefits Responsive to recipients needs Vulnerability and financing needs of beneficiary in targeted group Promote country ownership Country ownership and capacity to implement (policies, climate strategies and institutions) Efficiency & effectiveness Economic and, if appropriate, financial soundness, as well as cost-effectiveness and co-financing for mitigation
Proposal Approval Process
Scope of Readiness Activities Strengthening NDAs/FPs Sharing Information & Experiences Scope of Readiness Support Developing Strategic Frameworks Developing Pipelines Accrediting Entities
To make The Green Climate Fund a big opportunity, we should: 1) To ensure WMO is an accreditted entity. (DONE in June 2016!!!). 2) To agree a coordinated, integrated and pragmatic way to address the GCF mandates and goals: CLIMATE RESILIENT DEVELOPMENT. 3) To design projects or programmes which involves a wider spectrum than the traditional climate dominium. (e.g vulnerability, impacts, sectoral variables) 4) To stregthen the interaction with other programmes, intiatives, partners or even other UN Agencies. 5) The GFCS has built a significant partnership experience which must be used. A particular element which also strongly involves to the WMO is the implementation of suitable Climate User interfaces, but with emphasis in the very last mile to connect the most vulnerable, isolated and consequently less resilient sectors of the society. 6) To support adaptation processes, ensuring an effective provision of climate services during the whole risk management cycle and that implies an enhanced coordinated work between CCl and the DRR Programme. 7) To take opportunity of the existent and strong WMO structure that connects operationally the Global, Regional and National levels without forgetting thet the main target is the very local level to make adaptation and risk management happen. 8) Once this be done, we will be in the best position to design projects proposals to the GCF.
Thank you!! You! Thank Climate Information for Adaptation and Risk Management Open Panel of CCl Experts 4 (OPACE 4)