A comprehensive guide on how to access the Green Climate Fund.
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Empowering Countries + The essence of GCF’s Readiness Programme is to enhance developing country access to the Fund. All developing countries can use the Readiness Programm – with a particular focus on the most vulnerable countries, including Least Developed Countries (LDCs), Small Island Developing States (SIDS) and African States.
Getting Accredited + GCF promotes country ownership through National Designated Authorities (NDAs), or focal points, which developing countries choose as their conduit to the Fund. Organisations in developing countries require NDA nomination to become Direct Access Accredited Entities. While this is not the case for International Accredited Entities, all funding proposals require NDA support to gain GCF support.
Funding Projects + GCF ensures climate finance flows in the direction set by developing countries. The GCF funding approval process only gets started after receiving a developing country green light. Every climate initiative GCF agrees to fund must be endorsed, through a no objection letter, by the relevant developing country NDA or focal point.
Implementing Projects + GCF will continue to work closely with developing country NDAs, or focal points, during the implementation and monitoring phases which follow the Fund’s approval of climate finance projects.
GCF 101 is a stripped-down guide to help people understand how the Fund works.
This guide is a simple, comprehensive road map for anybody who would like to access the financial resources of the Green Climate Fund. Each section of GCF 101 addresses the different funding opportunities the Fund provides to help developing countries cope with climate change. Each of these sections is broken down into three parts:
- a short overview of GCF funding activities;
- a simple step by step guide telling you how to apply for funding; and
- a series of frequently asked questions that tease out more information about approval processes.
About the Green Climate Fund
The Green Climate Fund has been given a unique role as the largest international fund dedicated exclusively to aid developing counties deal with climate change. The aim of all GCF activities is to support developing countries limit or reduce their greenhouse gas emissions, and adapt to climate change impacts.
GCF has a multi-layered approach to mobilize climate finance, working directly with the public and private sectors. It is important to note that developing countries are in the driving seat of GCF’s targeting and disbursement of climate finance. National Designated Authorities (NDAs) for each developing country act as the country’s interface with the Fund, and are involved closely in all of GCF’s funding processes.
Who operates the Fund?
While GCF 101 is designed as a quick road map to guide people through its processes, there will sometimes be roadworks as the Fund improves and upgrades the way it does things. Subsequently, it is advisable to check with relevant areas at the GCF Secretariat for details about approval processes before embarking on the GCF journey.
Day-to-day activities of the Fund are managed by the GCF Secretariat, which is staffed by specialists in climate finance. The Secretariat is headquartered in Songdo, a city within the Seoul Capital Area in South Korea.
The Green Climate Fund is overseen by a Board of 24 members, comprising an equal number of individuals from developing and developed countries. They generally meet three times a year to decide on key issues guiding GCF funding activities and policies. GCF is required to report annually to the United Nations Framework Convention on Climate Change – UNFCCC.
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