Project-specific Assessment Approach
The Project-specific Assessment Approach (PSAA) Pilot is one of two approaches to GCF accreditation, approved through updates to the Accreditation Framework of the GCF (decision B.31/06). The PSAA is a capacity assessment of an entity to meet GCF accreditation standards to implement one climate project or programme. The proposed project or programme is aligned with developing countries’ priorities and GCF’s strategic objectives. The accreditation assessment and proposal appraisal are conducted in parallel, reducing the overall time to access to GCF funding.
-
Total PSAA pilot applicants 141
-
Active pipeline 25
“Active pipeline” refers to applicants who have been formally invited and have submitted a Concept Note (CN) along with their PSAA Supporting Information via the GCF Partner Portal (GPP)
-
Approved proposals 12
Introduction to the Project-specific Assessment Approach
The PSAA Pilot framework is for three years (April 2023 – March 2026), and the GCF will review up to ten proposals per year for the duration of the pilot. It aims to streamline and broaden access to climate finance by working with new partners, countries, and technologies, that have been underserved by the existing GCF Accredited Entity (AE) network.
The deadline for new applicants for consideration under the PSAA is 31 March 2026. Proposals will not progress unless they are expected to mature for GCF Board consideration by the first quarter of 2027.
A review of the PSAA pilot framework will be presented to the GCF Board in 2026 to inform pilot continuation, institutionalisation, or discontinuation.
The PSAA complements institutional accreditation and GCF accreditation standards apply to both accreditation modalities. Entities are obligated to uphold these standards throughout the duration of the project/programme. If a PSAA Entity has the potential to be a long-term partner, they may pursue institutional accreditation after completing the PSAA.
Entities that are currently undergoing the accreditation process should consult with the GCF Secretariat to get guidance on which accreditation method might best suit their project needs and long-term future partnership intentions with GCF. If you have any questions regarding PSAA accreditation, please contact us at psaa@gcfund.org.
The PSAA modality accelerates the speed of access to GCF resources, reduces transaction costs for the implementation of one innovative climate project, and can potentially build a track record to enable an entity to apply for institutional accreditation.
Demand for GCF resources remains high. Projects and programmes submitted under the PSAA modality are assessed for alignment with GCF investment criteria and key Board decisions, including priorities outlined in the Updated Strategic Plan (USP-2). Evaluations also consider complementarity with existing country programming and GCF climate pipelines, as well as the value-addition to the network of Accredited Entities (AEs).
