Stéphanie CAPDEVILLE, Regional Advisor Africa

Accra, October 18, 2016

Introduction to the Green Climate Fund

GCF: A key financial mechanism under the Paris Agreement

GCF: A unique institution

Country ownership through NDAs and focal points

Balance between adaptation and mitigation

Equal voice for developed and developing countries

Diversity of accredited entities

Diversity of financial instruments

Dedicated Private Sector Facility (PSF)

GCF business model

Roles of NDAs and focal points

Access to Green Climate Fund resources

• Through a country-driven approach, the National Designated Authority (NDA) of a country can facilitate 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 entities

• Therefore, it is important to match likely countries priorities/activities with entities who are able to provide this avenue/modality of access and support.

Home

Balanced resource allocation

8 Strategic Results Areas

With a focus on… • Impacts • Programmes • Paradigm-shift potential • Adaptation-mitigation co-benefits

8

GCF Project Portfolio (1)

FP001 Building resilience of wetlands Profonanpe, Peru A

FP002 Climate information and EWS UNDP, Malawi A

FP003 Restoration of salinized lands CSE, Senegal A

FP004 Climate resilient infrastructure KfW, Bangladesh A

FP005 KawiSafi Ventures Fund Acumen, Eastern Africa

M

FP006 Energy efficiency Green Bond IDB, Latin America M

FP007 Managing CC induced water shortages UNDP, Maldives A

FP008 Water supply and waste water mgmt ADB, Fiji A

GCF Project Portfolio (2)

FP009 Energy Savings Insurance for Private Energy Efficiency Investments by SMEs

IDB, El Salvador M

FP010 De-risking and Scaling Up Investment in Energy Efficient Building Retrofits

UNDP, Armenia M

FP011 Large Scale Ecosystem-based Adaptation – Developing a Climate Resilient, Natural Resource-based Economy

UNEP, Gambia A

FP012 Africa Hydromet Program – Strengthening Climate Resilience in Sub-Saharan Africa: Mali Country Project

WB, Mali A

FP013 Improving the Resilience of Vulnerable Coastal Communities to Climate Change-related Impacts

UNDP, Vietnam M/A

FP014 Project to Support Climate Adaptation and Mitigation Program for the Aral Sea Basin

WB, Tajikistan and Uzbekistan

A

FP015 Tuvalu Coastal Adaptation Program UNDP, Tuvalu A

FP016 Strengthening the Resilience of Smallholder Farmers through an Integrated Approach to Water Management

UNDP, Sri Lanka A

FP017 Climate Action and Solar Energy Development Programme in the Tarapacá Region in Chile

CAF, Chile M/A

Readiness funding available to prepare Concept Notes

cap per country per year $700.000M

• Support for direct access entities

• From Project idea to Concept Note, including pre-feasibility study

• Has to be submitted by the NDA

Rwanda Morocco Ethiopia Kenya Argentina

33 entities accredited up to Oct 15th, 45 since last Board meeting (including BOAD)

Senegal Namibia India Peru

Accredited Entities

Approved project – private sector

KawiSafi Ventures Fund in East Africa A new investment fund to drive off-grid solar power

Funding: GCF: USD 25M | Acumen: USD 7M Investing in 10–15 clean energy companies, initially in

Rwanda and Kenya

15M direct beneficiaries Saving 1.5M tonnes of CO2 emissions Providing off-grid populations with access to cleaner and safer power

FP005: KawiSafi Ventures Fund in East Africa

• Investment: USD 100M Equity Fund, USD 10M Technical Assistance Facility

• GCF Funding: USD 20M Equity Investment, USD 5M Grant for a Technical Assistance Facility

• Accredited Entity: Acumen Fund

• Target: Cross-cutting

Snapshot:

Creating a new investment fund, KawiSafi, to drive off-grid solar power in East Africa. Investing in 10-15 clean energy companies, initially in Rwanda and Kenya, providing household solar technologies.

Project Showcase – East Africa

FP006: Energy Efficiency Green Bonds in Latin America and the Caribbean

• Investment: USD 780M (Targeted bonds amount)

• GCF Funding: USD 215M loan or guarantee, USD 2M Programme development grant

• Accredited Entity: Inter-American Development Bank

• Target: Mitigation

Snapshot:

Addressing demand-side energy efficiency through green bonds, by using the concept of aggregation to mobilize institutional funds at scale toward small and medium sized energy service companies

Project Showcase