2.1 ms. c. haller enabling framework conditions to invest in low-emission and climate-resilient...

01/05/2023

Enabling framework conditions to invest in low-emission and climate-resilient development

Claudia HallerRegional Programme for Sustainable and Climate Sensitive Land Use for the Economic Development in Central Asia

Country Coordinator (Tajikistan)

01/05/2023

Outline

1 │ Enabling policy framework for financing a Green Economy

2 | Global Climate Finance Architecture

3 │ Green Climate Fund (GCF) - objectives and resources

4 │ How does the GCF work? Structure and access modalities

5 │ What can be funded by the GCF? Criteria for project selection

6 │ Readiness and preparatory support

7 │ Conclusion

Claudia Haller

DATA

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1 │Enabling policy framework for financing a Green Economy

Enabling policy framework

Current economy

Institutional frame for attracting international

finance

Informational instruments

Legal instruments

Financial instruments

Green economy

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2 │Global Climate Finance Architecture

Source: Climate Funds Update

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3 │Green Climate Fund (GCF) - objectives and resources

• The GCF will pursue a country-driven approach and promote and strengthen engagement at the country level through effective involvement of relevant institutions and stakeholders.

• The GCF “aims to support a paradigm shift in the global response to climate change. It allocates its resources to low-emission and climate-resilient projects and programmes in developing countries.”

• The Fund has a “commitment to aim for 50:50 balance between mitigation and adaptation investments.”

Source: GCF

Claudia Haller

01/05/2023


Access modalities

Claudia Haller

• Accredited Entities: Countries can work through multiple entities (international, regional, national)

• Applicant entities must meet the Fund’s fiduciary standards and environmental and social safeguards (ESS)

Ensuring ownership • The NDA fulfils an important function of

representing the priorities and interests of the country in a clear and transparent manner

Source: GCF

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Source: GCF

Exemplary international entities:

Newly accredited:


Accredited entities

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Initial results areas

Claudia Haller

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Investment criteria

Impact potential

Paradigm shift potential

Sustainable development potential

Responsive to recipients needs

Promote country ownership

Efficiency & effectiveness

Claudia Haller

Source: GCF

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Readiness support by the GCF

Claudia Haller

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Example of readiness support by international actors: GIZ and KfW

Claudia Haller

Climate Finance Readiness Programme (CF Ready)

• Improve the conditions needed to achieve results-oriented, transformational and efficient use of funds from international climate financing – in particular from the GCF.

• Volume (GIZ): € 15 million

• Approach: Intensive in-country coordination, efficient use of tested methods and tools, monitoring developments in climate finance and seek for partners

• 15 Partner countries including Tajikistan

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7 │ Conclusion – enabling policy framework is key!

Source: GIZ / adelphi

Institutional frame for attracting international

finance

Informational instruments

Legal instruments

Financial instruments

01/05/2023 Claudia Haller

Thank you for your attention !

As a federal enterprise, GIZ supports the German Government in achieving its objectives in the field of international cooperation for sustainable development.

Published byDeutsche Gesellschaft fürInternationale Zusammenarbeit (GIZ) GmbH

Registered offices, Bonn and Eschborn, Germany

Regional Programme “Sustainable and Climate Sensitive Land Use for the Economic Development of Central Asia”

Ayni St. / Nazarshoev str.

734042 Dushanbe, Tajikistan

M + 992 93 574 7312

E [email protected]

I www.giz.de; www.naturalresources-centralasia.org

ResponsibleClaudia Haller

Author(s)Claudia Haller, Climate Finance Readiness Programme

Photo credits© GIZ

LayoutIndika Kochkarova

01/05/2023

Annex │ Approved projects in Asia

Claudia Haller

Source: GCF

Support the World Bank’s climate adaptation and mitigation program for the Aral Sea Basin

Scaling-up private sector climate finance through local financial institutions (Central Asia)

De-risking and scaling-up investment in energy efficient building retrofits

Strengthening the resilience of smallholder farmers in the dry zone

Scaling-up of Glacial Lake Outburst Flood risk reduction in Northern Pakistan

Climate Resilient infrastructure mainstreaming

Maledives: Supporting vulnerable communities to mange climate change-induced water shortages

Improving the resilience of vulnerable coastal communities to climate change related impacts

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Annex │ What can be funded by the GCF? Criteria for project selection

Project approval process

Claudia Haller

Source: GCF

• 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.

2.1 ms. c. haller enabling framework conditions to invest in low-emission and climate-resilient...

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