Activities are quick takes on GCF's activities and engagement with our stakeholders.
Simplified Approval Process: promoting access to GCF resources
12 Dec 2018 / GCF’s event on the Simplified Approval Process (SAP) featured contributions from Ambassador Feturi - known as the champion of the process for his role in its development, as well as from the Rwandan Ministry of Environment, the Cook Islands, and the Environmental Investment Fund of Namibia - a GCF accredited entity which brought the first SAP project to be approved by the GCF Board.
Not just buildings! Climate resilient infrastructure debate stresses need for broad approach
11 Dec 2018 / Climate-resilient infrastructure is not just about concrete buildings, but also includes the "soft" infrastructure of social welfare: this was one of the key messages of a climate-resilient integrated infrastructure event hosted by GCF at COP24 today. Iñigo Ruiz-Apilanez, a civil engineer with engineering consultancy Arup, told participants that an effective adaptation approach requires considering social stresses, such as differences in incomes and who owns climate-impacted land. Lia Nicholson, a government project expert from Antigua and Barbuda, warned nations will increasingly face climate impacts such as in her country, which was hit by a category 5 hurricane last year after a three-year drought.
Science provides rationale for rational climate action
11 Dec 2018 / Strong science lies at the cornerstone of all effective climate action, participants heard at a GCF event held on the sidelines of COP24. Maxx Dilley, the WMO's climate prediction and adaptation director, said that a reliance on scientific evidence extends beyond providing early warning of climate disasters. Energy investments need to account for wind speeds and solar radiation, while agricultural climate projects should measure soil moisture, he said. Pa Ousman Jarju, Director of GCF's Country Programming Division, said that GCF readiness funding is available to help developing countries plan climate projects around the latest in scientific evidence.
Armenia grants P&Is to GCF
11 Dec 2018 / Armenia today signed a Privileges and Immunities agreement with GCF. Erik Gregoryan, Armenian Acting Minister of Nature Protection, signed the agreement with GCF Executive Director a.i. Javier Manzanares in the margins of COP24. The agreement, which is in line with those of other international organisations, will protect GCF's assets and ensure the effective performance of the Fund's activities. Signing such agreements was recommended in a decision of the COP for parties to the UNFCCC.
GCF leader says climate finance needs to consider risk and opportunity
10 Dec 2018 / Speaking at the Ministerial dialogue on climate finance, GCF Executive Director a.i. Javier Manzanares said that effective climate finance requires close collaboration with developing countries to identify climate risks and opportunities. He stressed that GCF can help developing countries translate their Nationally Determined Contributions into investment plans and bankable projects, and that the GCF Readiness programme helps build the capacity of developing countries to come up with climate projects that best match national conditions.
Norway announces doubling of support as GCF outlines contribution to global stocktake
10 Dec 2018 / Norway announced today that will double its contribution to GCF as part of the Fund’s replenishment. At the same Ministerial session on global stocktaking, GCF Executive Director a.i. Javier Manzanares outlined the GCF's contribution to global efforts on climate change over the past five years, noting that at the time of the last COP meeting in Poland (COP19) GCF had been just "an aspiration," but that it was now delivering results on the ground. Grenada emphasised that ongoing GCF support is critical to the country and other SIDS, and commended Germany and Norway for showing leadership in supporting the early stages of GCF’s current replenishment drive.
The role of the banking sector in the fight against climate change
07 Dec 2018 / GCF hosted an event on green banking and the overall role that the banking sector can play in addressing climate change at the sidelines of COP24 in Katowice. Speakers from EBRD, IFC, UNFCCC, RMI and the Green Investment Group agreed that the sector has potential for substantial impact in driving decarbonisation of the economy, but the fit for purpose regulatory environment should be in place. Alzbeta Klein, Director of Climate Business Department at IFC, recognised recent positive developments of including climate change as an important element of banking supervision.
GCF 101 series provides introduction to the Fund
06 Dec 2018 / The GCF 101 briefing series, aimed at introducing the core elements of GCF programmes and activities is gaining popularity at COP24. This, as more people express eagerness in gaining a better understanding of how the Fund operates and how to engage with it. Today, GCF colleagues hosted three 101 sessions, focusing on Readiness, Privileges & Immunities and overall GCF operations. The schedule of next 101 sessions are listed in the COP24 section.
Evaluation of the GCF Result Management Framework
06 Dec 2018 / A discussion on the evaluation of GCF's Result Management Framework (RMF) was held today in the sidelines of COP24. Jo Puri, Head of GCF's Independent Evaluation Unit (IEU), provided a review of mechanisms and tools to measure the impacts of GCF's climate activities, focusing on how the Fund can learn and strengthen its frameworks. GCF Senior Monitoring and Evaluation Specialist Rajib Ghosal discussed how GCF has been conducting a comparative analysis of other measurement tools and criteria to update the performance measurement framework. External perspectives were provided by EBRD, UNDP, the UK's BEIS, as well as CCAP - who conducted its own analysis of the RMF.
IEU holds event on performance review of GCF
05 Dec 2018 / The Independent Evaluation Unit of GCF today hosted a panel discussion on its review of GCF. Jo Puri, Head of the IEU, provided an overview of the key elements and processes of the upcoming review, which was mandated by the GCF Board last October. GCF Board Member Karma Tshering provided his perspectives on the opportunities of the review in helping GCF become more efficient.