Nineteenth meeting of the GCF Board (B.19)

Songdo, Incheon, Republic of Korea
26 February - 1 March 2018

Documents
Type Title Ref # PDF
Meeting report
Report of the nineteenth meeting of the Board, 26 February – 1 March 2018 GCF/B.19/44
Decision
Decisions of the Board – nineteenth meeting of the Board, 26 February – 1 March 2018 GCF/B.19/43
Agenda
Provisional agenda GCF/B.19/01/Drf.01
Agenda
Provisional agenda GCF/B.19/01/Drf.02
Action item
Guidance from the twenty-third session of the Conference of the Parties: Co-Chairs’ proposal GCF/B.19/02
Action item
Review of the structure and effectiveness of the independent Technical Advisory Panel GCF/B.19/03/Rev.01
Action item
Indicative Minimum Benchmarks GCF/B.19/04/Rev.01
Action item
GCF Indigenous Peoples Policy GCF/B.19/05
Action item
Environmental and social management system: environmental and social policy GCF/B.19/06
Action item
2018 Work Plan and Budget and Three-year Rolling Work Plan of the Independent Evaluation Unit GCF/B.19/07
Action item
Independent Redress Mechanism Work Plan and Budget for 2018 GCF/B.19/08
Action item
Reviewed Administrative Guidelines on Corporate Procurement GCF/B.19/09
Action item
Implementation of the Strategic Plan: 2017 report GCF/B.19/10
Action item
Status of the GCF portfolio and pipeline GCF/B.19/11
Action item
Status of the GCF portfolio and pipeline – Addendum: Information on facilitating an increase in proposals from direct access entities GCF/B.19/11/Add.03
Action item
Concessionality: potential approaches for further guidance GCF/B.19/12/Rev.01
Action item
Policy on restructuring GCF/B.19/13
Action item
Status of accreditation matters GCF/B.19/14/Rev.01
Action item
Readiness and Preparatory Support Programme: progress report GCF/B.19/15/Rev.01
Action item
Annual Report of the Independent Evaluation Unit for 2017 GCF/B.19/16
Action item
Report on the activities of the Independent Redress Mechanism GCF/B.19/17
Action item
Report on the activities of the Secretariat GCF/B.19/18
Action item
Risk management framework: Proposal by the Risk Management Committee GCF/B.19/19
Action item
Terms of reference for the review of the committees and group established at the fifth meeting of the Board GCF/B.19/20
Action item
Reports from committees, panels and groups of the Board of the Green Climate Fund GCF/B.19/21
Action item
Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum I GCF/B.19/21/Add.01
Action item
Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum II GCF/B.19/21/Add.02
Action item
Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum III GCF/B.19/21/Add.03
Action item
Consideration of funding proposals GCF/B.19/22/Rev.02
Action item
Funding proposal package for FP059 GCF/B.19/22/Add.01
Action item
Funding proposal package for FP060 GCF/B.19/22/Add.02
Action item
Funding proposal package for FP061 GCF/B.19/22/Add.03
Action item
Funding proposal package for FP062 GCF/B.19/22/Add.04
Action item
Funding proposal package for FP063 GCF/B.19/22/Add.05
Action item
Funding proposal package for FP064 GCF/B.19/22/Add.06
Action item
Funding proposal package for FP065 GCF/B.19/22/Add.07
Action item
Funding proposal package for FP066 GCF/B.19/22/Add.08/Rev.01
Action item
Funding proposal package for FP067 GCF/B.19/22/Add.09
Action item
Funding proposal package for FP068 GCF/B.19/22/Add.10
Action item
Funding proposal package for FP069 GCF/B.19/22/Add.11
Action item
Funding proposal package for FP070 GCF/B.19/22/Add.12/Rev.01
Action item
Funding proposal package for FP071 GCF/B.19/22/Add.13
Action item
Funding proposal package for FP072 GCF/B.19/22/Add.14
Action item
Funding proposal package for FP073 GCF/B.19/22/Add.15
Action item
Funding proposal package for FP074 GCF/B.19/22/Add.16/Rev.01
Action item
Funding proposal package for FP075 GCF/B.19/22/Add.17
Action item
Funding proposal package for FP076 GCF/B.19/22/Add.18
Action item
Funding proposal package for FP077 GCF/B.19/22/Add.19
Action item
Funding proposal package for FP078 GCF/B.19/22/Add.20
Action item
Funding proposal package for FP079 GCF/B.19/22/Add.21/Rev.01
Action item
Funding proposal package for FP080 GCF/B.19/22/Add.22
Action item
Funding proposal package for FP081 GCF/B.19/22/Add.23
Action item
Consideration of funding proposals - Addendum XXVIII: Secretariat's review GCF/B.19/22/Add.28/Rev.02
Action item
Consideration of funding proposals – Addendum XXIX: Independent Technical Advisory Panel’s assessment GCF/B.19/22/Add.29/Rev.01
Action item
Consideration of funding proposals – Addendum XXXII: Response from the accredited entities to the Independent Technical Advisory Panel assessment GCF/B.19/22/32/Rev.01
Action item
Consideration of funding proposals – Addendum XXXIII: Gender assessments and action plans GCF/B.19/22/Add.33/Rev.01
Action item
Consideration of funding proposals – Addendum XXXIV: Funding proposal package for SAP001 GCF/B.19/22/Add.34
Action item
2017 Annual Report of the Independent Integrity Unit GCF/B.19/23
Action item
2018 Workplan and Budget of the Independent Integrity Unit GCF/B.19/24
Action item
GCF Gender Equality and Social Inclusion Policy and Action Plan 2018 – 2020 GCF/B.19/25
Action item
2017 Independent Redress Mechanism Annual Report GCF/B.19/26
Action item
Report on the execution of the 2017 administrative budget of the GCF and the 2017 unaudited financial statements GCF/B.19/27
Action item
Further development of the accreditation framework GCF/B.19/28
Action item
Policy on fees for accredited entities and delivery partners GCF/B.19/29
Action item
PSAG recommendations on the development of a private sector outreach plan GCF/B.19/30
Action item
PSAG recommendations on the development of modalities to support activities enabling private sector involvement in LDCs and SIDS GCF/B.19/31
Action item
Readiness and Preparatory Support Programme: Revised work programme for 2018 GCF/B.19/32/Rev.01
Action item
Readiness and Preparatory Support Programme: Revised Work Programme for 2018 – Addendum I: Final report from Dalberg on the initial review of the Readiness Programme GCF/B.19/32/Add.01
Action item
Decisions proposed and approved between the eighteenth and nineteenth meetings of the Board GCF/B.19/33
Action item
Incremental cost methodology: potential approaches for the Green Climate Fund GCF/B.19/34
Action item
Consolidated Country and Entity Work Programmes GCF/B.19/35
Action item
Consolidated Country and Entity Work Programmes – Addendum I: Compilation of Country Programmes completed by countries GCF/B.19/35/Add.01
Action item
Status of the fulfillment of conditions on relevant approved projects GCF/B.19/36
Action item
Identification of results areas where targeted GCF investment would have the most impact GCF/B.19/37
Action item
Mapping of elements related to project or programme eligibility and selection criteria GCF/B.19/38
Action item
Updated workplan of the Board for 2018 GCF/B.19/39
Action item
Report on the activities of the Co-Chairs GCF/B.19/40
Action item
Annotations to the provisional agenda GCF/B.19/41
Action item
Dates and venues of the following meetings of the Board GCF/B.19/42/Rev.01
Meeting agenda
Item Title
1. Opening of the meeting
2. Adoption of the agenda and organization of work
3. Election of Co-Chairs
4. Adoption of the report of the eighteenth meeting of the Board
5. Board decisions proposed and approved between the eighteenth and nineteenth meetings of the Board
6. Report on the activities of the Co-Chairs
6.a. Updated 2018 Board work plan
7. Report on the activities of the Secretariat
8. Reports from Board committees, panels and groups
9. Comprehensive report on the implementation of the strategic plan
10. Guidance from the Conference of the Parties to the UNFCCC
11. Terms of reference for the review of committees, panels and groups
12. Matters related to the Trustee
13. Risk management framework
14. Policies and procedures for the formal replenishment process
15. Policies related to the approval of funding proposals
15.a. GCF portfolio and pipeline
15.b. Status of the fulfilment of conditions on relevant approved projects
15.c. Findings of the additional analysis of potential investment priority areas to identify specific result areas where targeted GCF investment would have the most impact
15.d. Project and programme eligibility and selection criteria
15.e. Options for further guidance on concessionality
15.f. Development and application of incremental cost calculation methodology and/or alternative methodologies
15.g. Indicative minimum benchmarks
15.h. Review of the structure and effectiveness of the independent Technical Advisory Panel
15.i. Interim policy for cancellation and termination
15.j. Revised policy on fees for accredited entities
16. Environmental and Social Management System: Environmental and Social Policy
17. Gender and Social Inclusion Policy
18. Indigenous Peoples Policy
19. Consideration of funding proposals
20. Matters related to accreditation
21. Country programming and readiness
21.a. Progress report on the implementation of the Readiness Work Programme, including status of NAPs
21.b. Revised Readiness and Preparatory Support Work Programme
21.c. Terms of reference for the independent evaluation of the Readiness Programme
21.d. Consolidated country and entity work programmes
22. Private sector matters
22.a. Private sector outreach plan
22.b. Modalities to support activities enabling private sector involvement in least developed countries and small island developing states
23. Annual Reports from the independent units
24. Work programmes and budgets of the independent units
25. Administrative matters
25.a. Reviewed administrative guidelines on procurement
25.b. Report on the execution of the administrative budgets for 2017 and draft unaudited financial statements
26. Dates and venues of the following meetings of the Board
27. Other matters
27.a. Other matters from B.17
28. Report of the meeting
29. Close of the meeting

The Board:

Elects Mr. Paul Oquist and Mr. Lennart Båge as the Co-Chairs for 2018 with effect immediately and for the remainder of the period expiring on 31 December 2018.

The Board, having considered document GCF/B.19/02 titled “Guidance from the twenty- third session of the Conference of the Parties: Co-Chairs’ proposal”:

  1. Takes note of the guidance from the Conference of the Parties at its twenty-third session, in particular decision 9/CP.231 titled “Report of the Green Climate Fund to the Conference of the Parties and guidance to the Green Climate Fund”;
  2. Requests the Secretariat to continue efforts to enhance support for national adaptation planning and/or other adaptation planning processes;
  3. Requests the Secretariat to include in its annual report to the Conference of the Parties information on projects approved by the Board that support the innovation and/or scaling up of climate technologies; and
  4. Requests the Co-Chairs to develop a proposal for consideration of the Board in response to the guidance from the Conference of the Parties at its twenty-third session regarding privileges and immunities.

The Board, having considered document GCF/B.18/19 titled “Report on the Activities of the Ad-hoc Trustee Selection Committee” (limited distribution) and in accordance with decision B.08/22, paragraph (a), and UNFCCC decision 3/CP.17, paragraph 16:

  1. Affirms that there should not be a discontinuity in the service of the Trustee;
  2. Confirms that the selection of the Permanent Trustee of the GCF shall be undertaken through an open, transparent and competitive bidding;
  3. Adopts the terms of reference of the Permanent Trustee set out in annex I;
  4. Also adopts the selection process set out in annex II;
  5. Approves the timeframe for the selection process set out in annex III;
  6. Also approves the allocation of up to USD 25,000, to be absorbed in the 2018 contractual services budget of the Secretariat budget, to carry out the advertisement in an appropriate international publication for the procurement process for the selection of the Permanent Trustee in a cost-effective manner;
  7. Decides to invite the World Bank to continue serving as the Interim Trustee until a permanent trustee is appointed;
  8. Authorizes the Executive Director to execute an amendment to the Amended and Restated Agreement on the Terms and Conditions for the Administration of the Green Climate Fund Trust Fund, dated 22 April 2015, with the World Bank to extend the term of the Interim Trustee established in paragraph 8.4 of the Amended and Restated Agreement on the Terms and Conditions for the Administration of the Green Climate Fund Trust Fund, with all other terms and conditions remaining the same, for an additional period of one year or the date on which the successor trustee takes up the role, whichever occurs earlier; and
  9. Requests the ad-hoc Trustee Selection Committee to report to the Board on the implementation of this decision at the twenty-first meeting of the Board.

The Board, having reviewed document GCF/B.19/19 titled “Risk management framework: Proposal by the Risk Management Committee”:

  1. Adopts the second set of components of the risk management framework as contained in annexes IV to VI to this document as follows:
    1. Risk management framework component V – investment risk policy, as set out in annex IV;
    2. Risk management framework component VI – non-financial risk policy, as set out in annex V; and
    3. Risk management framework component VII – funding risk policy, as set out in annex VI;
  2. Decides to update component III of the risk management framework “Risk dashboard – revised reporting on concentration” as set out in annex VII to this document;
  3. Requests the Secretariat to publish the updated risk dashboard every quarter hereafter;
  4. Recognizes that the risk management framework will evolve over time and shall be subject to reviews and revisions as stated in each individual component of the risk management framework and that any resulting revisions of a material and/or substantive nature shall be presented to the Board for its consideration and approval.

The Board, noting the GCF Initial Resource Mobilization period runs from 2015-2018 and its decision2 to transition subsequently to a formal replenishment process:

  1. Decides to advance work under its 2018 work programme to conclude the essential preparatory arrangements for the first formal replenishment process of the GCF, noting this is without prejudice to the timing of a decision to initiate replenishment in line with decision B.08/13;
  2. Requests the Co-Chairs, with the support of the Secretariat, and in consultation with members of the Board, to oversee the preparation of necessary policies and procedures for the formal replenishment process; and
  3. Reiterates the Board’s intention to review the Strategic Plan of the GCF as part of the formal replenishment process.

The Board, having noted documents GCF/B.19/34 titled “Incremental cost methodology: potential approaches for the Green Climate Fund” and GCF/B.19/12/Rev.01 titled “Concessionality: potential approaches for further guidance”:

  1. Notes the linkages between matters related to incremental costs and concessionality and the policy gaps identified in decision B.11/11, including project eligibility criteria, as well as issues related to co-finance and other matters considered at subsequent Board meetings;
  2. Also notes the linkages between such policy gaps and the GCF Results Management Framework, initial Investment Framework, country programmes and entity work programmes, and the Risk Management Framework;
  3. Further notes that addressing these policy gaps requires an integrated approach that considers their interlinkages;
  4. Requests the Secretariat to develop an integrated approach to resolve these interrelated issues for the Board’s consideration at its twentieth meeting, including:
    1. Steps to enhance the climate rationale of GCF-supported activities; and
    2. Policies on the review of the financial terms and conditions of GCF instruments and concessionality, incremental costs, full costs, and co-financing;
  5. Agrees that the approach outlined in paragraph (d) above should:
    1. Take into account the views expressed by Board members during the nineteenth meeting of the Board and any further written comments that may be submitted before 30 March 2018;
    2. Be aligned with the Governing Instrument for the GCF and GCF strategic frameworks, including the initial Strategic Plan, the Results Management Framework, the initial Investment Framework, country programmes and entity work programmes, and the Risk Management Framework;
    3. Be aligned with the Board work plan and the Secretariat work programme;
    4. Propose an approach to address gaps in the Results Management Framework that is necessary to effectively implement these policies; and
    5. Take note of innovative and useful experiences of other institutions and an analysis of the GCF portfolio; and
  6. Requests the Secretariat to include in the approach outlined in paragraph (d) above a capacity-building strategy to support national designated authorities/focal points, and accredited entities, particularly direct access entities, to incorporate these policies into their interactions with GCF, particularly with respect to the proposal approval process and the simplified approval process.

The Board, having considered document GCF/B.19/04/Rev.01 titled “Indicative Minimum Benchmarks”:

  1. Decides that the name of indicative minimum benchmarks, as requested in decision B.09/05, paragraph (d), be referred to as investment criteria indicators, as recommended by the Investment Committee; and
  2. Requests the Secretariat to further develop a proposal on investment criteria indicators, under the guidance of the Investment Committee, for the consideration of the Board at its twentieth meeting, taking into account the feedback raised on investment criteria indicators by Board members during the nineteenth meeting of the Board and any further written comments that may be submitted before 30 March 2018.

The Board, having considered document GCF/B.19/03/Rev.01 titled “Review of the structure and effectiveness of the independent Technical Advisory Panel”:

  1. Takes note with appreciation of the analysis and recommendations presented in the document;
  2. Requests the Secretariat, as soon as is possible, to expedite the arrangements for a roster of experts to be drawn together, with the necessary sectoral and regional expertise, for use by the independent Technical Advisory Panel in the review of funding proposals;
  3.  Also requests the Secretariat, in consultation with the independent Technical Advisory Panel, to develop a proposal, as requested in decision B.18/06, paragraph (c) (ii), to accommodate the increase in funding proposals from the simplified approval process through, inter alia, the use of the roster of experts and elaboration of a simplified approval process-specific timeline;
  4. Further requests the Secretariat, in consultation with the independent Technical Advisory Panel and the Budget Committee, to present by the twentieth meeting of the Board an analysis of options to accommodate the increased workload resulting from the higher number of funding proposals being processed, and an updated budget proposal consistent with such options;
  5. Allocates USD 250,000 for use by the independent Technical Advisory Panel on an exceptional basis, and as a temporary measure, until such a decision relating to paragraph (d) is taken, to increase the capacity of the independent Technical Advisory Panel, as noted in paragraphs (b) and (c) above;
  6. Requests the independent Technical Advisory Panel, with the support of the Secretariat and the Investment Committee, to improve its internal structures and processes to ensure more coherence, the establishment of formal procedures, and the efficient use of time and resources, and to report to the Board on the progress made by the twentieth meeting of the Board;
  7. Also requests the independent Technical Advisory Panel, with the support of the Secretariat, to develop a more comprehensive review template, ensuring that investment criteria and subcriteria are addressed consistently, using the appropriate metrics relevant for the sector and the investment criteria guidelines, when available;
  8. Further requests the Secretariat and the independent Technical Advisory Panel to implement a periodic quality assurance process of the independent Technical Advisory Panel’s assessments, and report back to the Board by its twentieth meeting;
  9. Requests the Secretariat and the independent Technical Advisory Panel to agree on and implement, on a pilot basis, a new review cycle that allows for longer review times by the independent Technical Advisory Panel and the provision of its inputs at an earlier stage in the approval process, consistent with the updated project and programme cycle as set up in annex IV to decision B.17/09;
  10. Also requests the Secretariat to consult with the independent Technical Advisory Panel when developing sectoral guidance for projects and programmes; and
  11. Decides to review the composition of the independent Technical Advisory Panel, defined in paragraph 11 of the terms of reference, upon the finalization of policies related to the proposal approval process, and based on the resource needs arising from the review of funding proposals and the support in the development of sectoral guidance.

The Board having reviewed document GCF/B.19/29 titled “Policy on fees for accredited entities and delivery partners”:

  1. Adopts the policy on fees as set out in in annex VIII;
  2. Also adopts the general principles and indicative list of eligible costs covered under GCF fees and project management costs as detailed in annex IX; and
  3. Authorizes the Secretariat to make the required changes to the indicative list of eligible costs to be covered under GCF fees and the indicative list of eligible project management costs as detailed in annex IX for the implementation of the GCF funded activity and readiness activities.

The Board, having considered document GCF/B.19/06 titled “Environmental and social management system: environmental and social policy”:

  1. Affirms that the GCF Environmental and Social Management System comprises the following elements:
    1. The Environmental and Social Policy referred to in paragraph (b) below;
    2. The GCF environmental and social safeguards standards, including the interim environmental and social safeguards standards adopted by the Board pursuant to decision B.07/02, paragraph (c);
    3. The Environmental and Social Management System manual containing the rules and procedures for the implementation of the Environmental and Social Management System referred to in paragraph (d) below;
    4. The guidance and tools, consisting of references and best practices, to guide the implementation of the Environmental and Social Management System referred to in paragraph (d) below;
    5. Stakeholder engagement consisting of GCF guidance and related policies promoting multi-stakeholder engagement referred to in paragraph (d) below; and
    6. Related GCF policies and practices relevant to, and complementing and supporting, the Environmental and Social Management System;
  2. Adopts the GCF Environmental and Social Policy as presented in annex X to this document;
  3. Requests the Secretariat, taking into account input from stakeholders, to present to the Board the proposed approach to developing the GCF environmental and social safeguards standards for its consideration at its twenty-first meeting; and
  4. Also requests the Secretariat to develop and publish the Environmental and Social Management System manual and guidance, including guidance related to stakeholder engagement, no later than the twenty-second meeting of the Board.

The Board, having considered document GCF/B.19/05 titled “GCF Indigenous Peoples Policy”:

Adopts the Indigenous Peoples Policy as presented in annex XI to this document.

The Board, having considered document GCF/B.19/22/Rev.02 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Funding proposal 059 titled “Climate-Resilient Water Sector in Grenada (G- CREWS)” by Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.19/22/Add.01 and Add.31/Rev.01;
    2. Funding proposal 060 titled “Water Sector Resilience Nexus for Sustainability in Barbados (WSRN S-Barbados)” by the Caribbean Community Climate Change Centre, as contained in document GCF/B.19/22/Add.02 and Add.31/Rev.01;
    3. Funding proposal 061 titled “Integrated physical adaptation and community resilience through an enhanced direct access pilot in the public, private, and civil society sectors of three Eastern Caribbean small island developing States” by the Department of Environment, Ministry of Health and the Environment, Government of Antigua and Barbuda, as contained in document GCF/B.19/22/Add.03 and Add.31/Rev.01;
    4. Funding proposal 062 titled “Poverty, Reforestation, Energy and Climate Change PROEZA Project” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.19/22/Add.04 and Add.31/Rev.01;
    5. Funding proposal 063 titled “Promoting private sector investments in energy efficiency in the industrial sector in Paraguay” by the Inter-American Development Bank, as contained in document GCF/B.19/22/Add.05 and Add.31/Rev.01;
    6. Funding proposal 064 titled “Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments” by the Inter-American Development Bank, as contained in document GCF/B.19/22/Add.06 and Add.31/Rev.01;
    7. Funding proposal 065 titled “Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC)” by the World Bank, as contained in document GCF/B.19/22/Add.07 and Add.31/Rev.01;
    8. Funding proposal 066 titled “Pacific Resilience Project Phase II for RMI” by the World Bank, as contained in document GCF/B.19/22/Add.08/Rev.01 and Add.31/Rev.01;
    9. Funding proposal 067 titled “Building climate resilience of vulnerable and food insecure communities through capacity strengthening and livelihood diversification in mountainous regions of Tajikistan” by the United Nations World Food Programme, as contained in document GCF/B.19/22/Add.09 and Add.31/Rev.01;
    10. Funding proposal 068 titled “Scaling-up Multi-hazard Early Warning System and the Use of Climate Information in Georgia” by the United Nations Development Programme, as contained in document GCF/B.19/22/Add.10 and Add.31/Rev.01;
    11. Funding proposal 069 titled “Enhancing adaptive capacities of coastal communities, especially women, to cope with climate change induced salinity” by the United Nations Development Programme, as contained in document GCF/B.19/22/Add.11 and Add.31/Rev.01;
    12. Funding proposal 070 titled “Global Clean Cooking Program – Bangladesh” by the World Bank, as contained in document GCF/B.19/22/Add.12/Rev.01 and Add.31/Rev.01;
    13. Funding proposal 071 titled “Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam” by the World Bank, as contained in document GCF/B.19/22/Add.13 and Add.31/Rev.01;
    14. Funding proposal 072 titled “Strengthening climate resilience of agricultural livelihoods in Agro-Ecological Regions I and II in Zambia” by the United Nations Development Programme, as contained in document GCF/B.19/22/Add.14 and Add.31/Rev.01;
    15. Funding proposal 073 titled “Strengthening climate resilience of rural communities in Northern Rwanda” by the Ministry of Environment of Rwanda,3 as contained in document GCF/B.19/22/Add.15 and Add.31/Rev.01;
    16. Funding proposal 074 titled “Africa Hydromet Program – Strengthening Climate Resilience in Sub-Saharan Africa: Burkina Faso Country Project” by the World Bank, as contained in document GCF/B.19/22/Add.16/Rev.01 and Add.31/Rev.01;
    17. Funding proposal 075 titled “Institutional Development of the State Agency for Hydrometeorology of Tajikistan” by the Asian Development Bank, as contained in document GCF/B.19/22/Add.17 and Add.31/Rev.01;
    18. Funding proposal 076 titled “Climate-friendly Agribusiness Value Chains Sector Project” by the Asian Development Bank, as contained in document GCF/B.19/22/Add.18 and Add.31/Rev.01;
    19. Funding proposal 077 titled “Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Project (AHURP)” by the Asian Development Bank, as contained in document GCF/B.19/22/Add.19 and Add.31/Rev.01;
    20. Funding proposal 078 titled “Acumen Resilient Agriculture Fund (ARAF)” by Acumen Fund, Inc. as contained in document GCF/B.19/22/Add.20;
    21. Funding proposal 080 titled “Zambia Renewable Energy Financing Framework” by the African Development Bank, as contained in document GCF/B.19/22/Add.22;
    22. Funding proposal 081 titled “Line of Credit for Solar rooftop segment for commercial, industrial and residential housing sectors” by the National Bank for Agriculture and Rural Development of India, as contained in document GCF/B.19/22/Add.23; and
    23. Simplified approval process (SAP) funding proposal 001 titled “Improving rangeland and ecosystem management practices of smallholder farmers under conditions of climate change in Sesfontein, Fransfontein, and Warmquelle areas of the Republic of Namibia” by the Environmental Investment Fund, as contained in document GCF/B.19/22/Add.34 and Add.35;
  2. Approves funding proposal 059 for the amount of EUR 35,290,095, submitted by Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) GmbH, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  3. Also approves funding proposal 060 for the amount of USD 27,605,010, submitted by the Caribbean Community Climate Change Centre, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  4. Further approves funding proposal 061 for the amount of USD 20,000,000, submitted by the Department of Environment, Ministry of Health and the Environment, Government of Antigua and Barbuda, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  5. Approves funding proposal 062 for the amount of USD 25,060,376, submitted by the Food and Agriculture Organization of the United Nations, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  6. Also approves funding proposal 063 for the amount of USD 23,000,000, submitted by the Inter-American Development Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  7. Further approves funding proposal 064 for the amount of USD 103,000,000, submitted by the Inter-American Development Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  8. Approves funding proposal 065 for the amount of USD 195,000,000, submitted by the World Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  9. Also approves funding proposal 066 for the amount of USD 25,000,000, submitted by the World Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  10. Further approves funding proposal 067 for the amount of USD 9,273,586, submitted by the United Nations World Food Programme, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  11. Approves funding proposal 068 for the amount of USD 27,053,598, submitted by the United Nations Development Programme, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  12. Also approves funding proposal 069 for the amount of USD 24,980,000, submitted by the United Nations Development Programme, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  13. Further approves funding proposal 070 for the amount of USD 20,000,000, submitted by the World Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  14. Approves funding proposal 071 for the amount of USD 86,300,000, submitted by the World Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  15. Also approves funding proposal 072 for the amount of USD 32,000,000, submitted by the United Nations Development Programme, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  16. Further approves funding proposal 073 for the amount of USD 32,794,442, submitted by the Ministry of Environment of Rwanda, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  17. Approves funding proposal 074 for the amount of USD 22,500,000, submitted by the World Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  18. Also approves funding proposal 075 for the amount of USD 5,000,000, submitted by the Asian Development Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  19. Further approves funding proposal 076 for the amount of USD 40,000,000, submitted by the Asian Development Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  20. Approves funding proposal 077 for the amount of USD 145,000,000, submitted by the Asian Development Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.31/Rev.01;
  21. Also approves funding proposal 078 for up to an amount of USD 26,000,000, submitted by Acumen Fund, Inc., subject to the conditions set out in annex XII and in the respective term sheets set out in document GCF/B.19/22/Add.24;
  22. Further approves funding proposal 080 for the amount of USD 52,500,000, submitted by the African Development Bank, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.26;
  23. Approves funding proposal 081 for the amount of USD 100,000,000, submitted by the National Bank for Agriculture and Rural Development of India, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.27;
  24. Also approves simplified approval process (SAP) funding proposal 001 for the amount of USD 9,300,000, submitted by the Environmental Investment Fund, subject to the conditions set out in annex XII and in the respective term sheet set out in document GCF/B.19/22/Add.35;
  25. Reaffirms that pursuant to annex IV to decision B.17/09, the Executive Director or his designee is authorized to negotiate and enter into legal agreements on behalf of GCF with accredited entities and other parties involved in respect of funding proposals approved by the Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
  26. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the interim policy on fees for accredited entities adopted by the Board pursuant to decision B.11/10.

The Board, having considered document GCF/B.19/28 titled “Further development of the accreditation framework”:

  1. Takes note of the progress report on the review of the accreditation framework included in annex XIV;
  2. Notes that the full report on the review of the accreditation framework with further recommendations will be presented to the Board as early as its twentieth meeting;
  3. Decides to extend the prioritization of entities applying for accreditation in accordance with decision B.14/08, paragraph (d)(i), until the end of the twentieth meeting of the Board;
  4. Takes note of the project-specific assessment approach that combines assessments undertaken during the existing accreditation and proposal approval processes in a fit-for- purpose manner as contained in annex XIII; and
  5. Requests the Secretariat to further develop the approach referred to in paragraph (d) above, taking into account the views of Board members and as part of the proposals from the full review of the accreditation framework, for the Board’s consideration at its twentieth meeting.

The Board, having considered document GCF/B.19/14/Rev.01 titled “Status of accreditation matters”:

  1. Takes note that, pursuant to decision B.08/03, paragraph (k), the Secretariat, in consultation with the Accreditation Panel, is proposing that the eligibility to apply under the fast-track accreditation process be extended to those entities listed in annex XV; and
  2. Decides that those entities referred to in annex XV are also eligible to apply under the fast- track accreditation process for the standards of GCF in accordance with decision B.08/03, paragraph (f), for entities accredited by the Adaptation Fund, and decision B.08/03, paragraph (g), for entities under the Directorate-General for International Cooperation and Development of the European Commission.

The Board, having considered document GCF/B.19/32/Rev.01 titled “Readiness and Preparatory Support Programme: Revised Work Programme for 2018”:

  1. Takes note of the findings of the initial review by the Secretariat of the Readiness and Preparatory Support Programme referred to in decision B.18/09, paragraph (e);
  2. Also takes note of the immediate measures undertaken by the Secretariat to address the quality issues in the Readiness and Preparatory Support Programme as referred to in decision B.18/09;
  3. Requests the Secretariat to continue implementing the measures listed in annex XVI;
  4. Notes the revised work programme for the Readiness and Preparatory Support Programme and request for funding for 2018;
  5. Approves an additional amount of USD 60 million to be made available for the execution of the Readiness and Preparatory Support Programme; and
  6. Requests the Secretariat to submit to the Board a proposal for improving the Readiness and Preparatory Support Programme based on the outcome of the conclusions of the Secretariat’s initial review and of the independent evaluation of the Readiness and Preparatory Support Programme as soon as it is concluded.

The Board:

Approves the terms of reference for the independent evaluation of the Readiness Programme as contained in annexes XVII, XVIII and XIX.

The Board, having considered document GCF/B.19/30 titled “PSAG recommendations on the development of a private sector outreach plan”:

  1. Welcomes and appreciates the recommendations from the Private Sector Advisory Group, including tailoring communication to the private sector, using existing networks and communication channels, continuing targeted requests for proposals, and ensuring expedited and predictable GCF timelines;
  2. Requests the Secretariat to incorporate the recommendations from the Private Sector Advisory Group into the strategic road map of the Secretariat for leveraging, mobilizing and engaging domestic and international private sector actors, the Communications Strategy of the Green Climate Fund, and other relevant policies, processes and programmes, as appropriate; and
  3. Requests the Secretariat to consider including a private sector outreach focus as part of the regional GCF structured dialogues.

The Board, having considered document GCF/B.19/31 titled “PSAG recommendations on the development of modalities to support activities enabling private sector involvement in LDCs and SIDS”:

  1. Welcomes and appreciates the recommendations from the Private Sector Advisory Group;
  2. Requests the Secretariat to develop modalities, based on the recommendations from the Private Sector Advisory Group, to support activities to enable domestic and international private sector actors to engage in GCF activities in least developed countries and small island developing States, for consideration by the Board at its twentieth meeting;
  3. Requests the Secretariat, in cooperation with private and public sector entities, accredited entities, national designated authorities and focal points, to identify and facilitate the development of funding proposals targeting least developed countries and small island developing States, which involve innovative financing structures or modalities, such as project and small-scale solution aggregation, public-private insurance structures, and on- lending and risk capital investments through climate-oriented financial intermediaries; and
  4. Decides to take into account the recommendations from the Private Sector Advisory Group, as appropriate, when (i) revising policies, programmes and processes, such as the accreditation framework, investment criteria indicators, the Readiness and Preparatory Support Programme, the Project Preparation Facility and the project approval process; and (ii) approving work plans and budgets relevant for private sector engagement.

The Board, having considered document GCF/B.19/31 titled “PSAG recommendations on the development of modalities to support activities enabling private sector involvement in LDCs and SIDS”:

  1. Welcomes and appreciates the recommendations from the Private Sector Advisory Group;
  2. Requests the Secretariat to develop modalities, based on the recommendations from the Private Sector Advisory Group, to support activities to enable domestic and international private sector actors to engage in GCF activities in least developed countries and small island developing States, for consideration by the Board at its twentieth meeting;
  3. Requests the Secretariat, in cooperation with private and public sector entities, accredited entities, national designated authorities and focal points, to identify and facilitate the development of funding proposals targeting least developed countries and small island developing States, which involve innovative financing structures or modalities, such as project and small-scale solution aggregation, public-private insurance structures, and on- lending and risk capital investments through climate-oriented financial intermediaries; and
  4. Decides to take into account the recommendations from the Private Sector Advisory Group, as appropriate, when (i) revising policies, programmes and processes, such as the accreditation framework, investment criteria indicators, the Readiness and Preparatory Support Programme, the Project Preparation Facility and the project approval process; and (ii) approving work plans and budgets relevant for private sector engagement.

The Board, having considered document GCF/B.19/08 titled “Independent Redress Mechanism Work Plan and Budget for 2018”:

Approves the work plan and budget of the Independent Redress Mechanism for 2018 as contained in annex II and III of document GCF/B.19/08 (total budgeted amount of
USD 911,820).

The Board, having considered document GCF/B.19/24 titled “2018 Workplan and Budget of the Independent Integrity Unit”:

Approves the work plan and budget of the Independent Integrity Unit for 2018 as contained in document GCF/B.19/24 and in annex II therein, that is a total budgeted amount of USD 1,612,950.

The Board, having considered document GCF/B.19/07 titled “2018 Work Plan and Budget and Three-year Rolling Work Plan of the Independent Evaluation Unit”:

  1. Takes note of the Three-year Rolling Work Plan of the Independent Evaluation Unit as contained in annex XX and requests the Independent Evaluation Unit to amend it once the evaluation policy of the GCF has been adopted;
  2. Recommends that the Three-year Rolling Work Plan be updated annually to ensure flexibility, learning and predictability for the Independent Evaluation Unit;
  3. Approves the 2018 Work Plan and Budget of the Independent Evaluation Unit as contained in annex XXI (budget amounting to USD 2,953,867), respectively; and
  4. Requests the Independent Evaluation Unit to report at each Board meeting on the implementation of its annual work plan and the Three-year Rolling Work Plan.

The Board, having reviewed document GCF/B.19/42/Rev.01 titled “Dates and venues for the following meetings of the Board”:

  1. Decides that the twentieth meeting of the Board will take place in Songdo, Republic of Korea, from Sunday, 1 July to Wednesday, 4 July 2018;
  2. Also decides that the twenty-first meeting of the Board will take place in Manama, Kingdom of Bahrain, from Tuesday, 23 October to Friday, 26 October 2018, with these dates to be confirmed at the twentieth meeting of the Board; and
  3. Requests the Secretariat to initiate consultations with the host country with the aim of finalizing the memorandum of understanding for the hosting of a Board meeting at least four weeks before the commencement of the twenty-first meeting of the Board.
Item Title Timestamp File
1. Opening of the meeting 26 Feb 2018
09:18
- 09:28
2. Adoption of the agenda and organization of work 26 Feb 2018
09:29
- 09:39
3. Election of Co-Chairs 26 Feb 2018
09:39
- 09:43
4. Adoption of the report of the eighteenth meeting of the Board 26 Feb 2018
09:56
- 10:09
5. Board decisions proposed and approved between the eighteenth and nineteenthmeetings of the Board 26 Feb 2018
10:09
- 10:13
6. Report on the activities of the Co-Chairs [part 1] 26 Feb 2018
10:13
- 10:14
6. Report on the activities of the Co-Chairs [part2] 26 Feb 2018
11:04
- 11:05
6.a. Updated 2018 Board work plan [part 1] 26 Feb 2018
11:05
- 11:13
6.a. Updated 2018 Board work plan [part 2] 26 Feb 2018
11:52
- 11:55
7. Report on the activities of the Secretariat 26 Feb 2018
10:15
- 11:04
8. Reports from Board committees, panels and groups 26 Feb 2018
11:13
- 11:28
9. Comprehensive report on the implementation of the strategic plan 26 Feb 2018
11:55
- 12:39
10. Guidance from the Conference of the Parties to the UNFCCC 26 Feb 2018
13:50
- 14:04
11. Terms of reference for the review of committees, panels and groups [part 1] 28 Feb 2018
14:35
- 14:48
11. Terms of reference for the review of committees, panels and groups [part 2] 01 Mar 2018
16:46
- 16:58
12. Matters related to the Trustee [part 1] 26 Feb 2018
14:09
- 14:52
12. Matters related to the Trustee [part 2] 01 Mar 2018
17:41
- 17:44
13. Risk management framework [part 1] 27 Feb 2018
09:51
- 10:11
13. Risk management framework [part 2] 01 Mar 2018
14:20
- 14:30
13. Risk management framework [part 3] 01 Mar 2018
15:29
- 15:33
14. Policies and procedures for the formal replenishment process 26 Feb 2018
15:56
- 17:38
14. Policies and procedures for the formal replenishment process [part 2] 01 Mar 2018
16:42
- 16:45
14. Policies and procedures for the formal replenishment process [part 3] 01 Mar 2018
17:14
- 17:40
15.c. / 15.d. Findings of the additional analysis of potential investment priority areas to identify specific result areas where targeted GCF investment would have the most impact - 15.d Project and programme eligibility and selection criteria 01 Mar 2018
11:50
- 11:56
15.e. Options for further guidance on concessionality 28 Feb 2018
17:36
- 18:03
15.e. Options for further guidance on concessionality [part 2] 01 Mar 2018
09:10
- 10:10
15.e. / 15.f. Options for further guidance on concessionality - 15.f Development and application of incremental cost calculation methodology and/or alternative methodologies 01 Mar 2018
15:43
- 16:03
15.f. Development and application of incremental cost calculation methodology and/or alternative methodologies 28 Feb 2018
16:51
- 17:36
15.g. Indicative minimum benchmarks [part 1] 01 Mar 2018
10:12
- 11:23
15.g. Indicative minimum benchmarks [part 2] 01 Mar 2018
18:01
- 18:04
15.h. Review of the structure and effectiveness of the independent Technical Advisory Panel 28 Feb 2018
14:49
- 15:20
15.i. Interim policy for cancellation and termination 26 Feb 2018
14:54
- 15:24
15.j. Revised policy on fees for accredited entities 28 Feb 2018
15:20
- 15:30
15.j. Revised policy on fees for accredited entities [part 2] 28 Feb 2018
15:55
- 16:43
16. Environmental and Social Management System: Environmental and Social Policy [part 1] 27 Feb 2018
09:35
- 09:50
16. Environmental and Social Management System: Environmental and Social Policy [part 2] 01 Mar 2018
14:17
- 14:20
17. Gender and Social Inclusion Policy [part 1] 27 Feb 2018
09:14
- 09:34
18. Indigenous Peoples Policy 27 Feb 2018
09:13
- 09:14
19. Consideration of funding proposals [part 1] 27 Feb 2018
13:41
- 16:02
19. Consideration of funding proposals [part 2] 27 Feb 2018
16:28
- 18:07
19. Consideration of funding proposals [part 3] 28 Feb 2018
09:18
- 11:41
19. Consideration of funding proposals [part 4] 01 Mar 2018
17:49
- 18:01
20. Matters related to accreditation [part 1] 28 Feb 2018
11:57
- 12:30
20. Matters related to accreditation [part 2] 28 Feb 2018
13:38
- 14:35
20. Matters related to accreditation [part 3] 28 Feb 2018
16:44
- 16:51
21.b. Revised Readiness and Preparatory Support Work Programme [part 1] 01 Mar 2018
11:58
- 12:06
21.b. / 21.d. Revised Readiness and Preparatory Support Work Programme - 21.d Consolidated country and entity work programmes 01 Mar 2018
16:56
- 17:12
21.c. Terms of reference for the independent evaluation of the Readiness Programme 26 Feb 2018
17:38
- 18:06
21.c. Terms of reference for the independent evaluation of the Readiness Programme [part 2] 01 Mar 2018
15:36
- 15:41
21.d. Consolidated country and entity work programmes [part 1] 01 Mar 2018
12:08
- 12:12
22.a. Private sector outreach plan 01 Mar 2018
12:12
- 13:09
22.a. / 22.b. Private sector outreach plan - 22.b Modalities to support activities enabling private sector involvement in least developed countries and small island developing states 01 Mar 2018
18:04
- 18:21
23. Annual Reports from the independent units 27 Feb 2018
10:12
- 10:50
24. Work programmes and budgets of the independent units [part 1] 27 Feb 2018
11:17
- 12:28
24. Work programmes and budgets of the independent units [part 2] 01 Mar 2018
15:33
- 15:35
26. Dates and venues of the following meetings of the Board [part 1] 01 Mar 2018
14:30
- 15:28
26. Dates and venues of the following meetings of the Board [part 2] 01 Mar 2018
15:41
- 15:41
26. Dates and venues of the following meetings of the Board [part 3] 01 Mar 2018
17:44
- 17:48
29. Close of the meeting 01 Mar 2018
18:20
- 18:39
SAP001
Adaptation

Namibia

Improving rangeland and ecosystem management practices of smallholder farmers under conditions of climate change in Sesfontein, Fransfontein, and Warmquelle areas of the Republic of Namibia

FP081
Mitigation

India

Line of Credit for Solar rooftop segment for commercial, industrial and residential housing sectors

FP080
Mitigation

Zambia

Zambia Renewable Energy Financing Framework

FP078
Adaptation

Multiple countries

Acumen Resilient Agriculture Fund (ARAF)

FP077
Cross-cutting

Mongolia

Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Project (AHURP)

FP076
Cross-cutting

Cambodia

Climate-Friendly Agribusiness Value Chains Sector Project

FP075
Adaptation

Tajikistan

Institutional Development of the State Agency for Hydrometeorology of Tajikistan

FP074
Adaptation

Burkina Faso

Africa Hydromet Program – Strengthening Climate Resilience in Sub-Saharan Africa: Burkina Faso Country Project

FP073
Cross-cutting

Rwanda

Strengthening Climate Resilience of Rural Communities in Northern Rwanda

FP072
Adaptation

Zambia

Strengthening climate resilience of agricultural livelihoods in Agro-Ecological Regions I and II in Zambia

FP071
Mitigation

Viet Nam

Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam

FP070
Cross-cutting

Bangladesh

Global Clean Cooking Program – Bangladesh

FP069
Adaptation

Bangladesh

Enhancing adaptive capacities of coastal communities, especially women, to cope with climate change induced salinity

FP068
Adaptation

Georgia

Scaling-up Multi-Hazard Early Warning System and the Use of Climate Information in Georgia

FP067
Adaptation

Tajikistan

Building climate resilience of vulnerable and food insecure communities through capacity strengthening and livelihood diversification in mountainous regions of Tajikistan

FP066
Adaptation

Marshall Islands

Pacific Resilience Project Phase II for RMI

FP064
Mitigation

Argentina

Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments

FP063
Mitigation

Paraguay

Promoting private sector investments in energy efficiency in the industrial sector and in Paraguay

FP062
Cross-cutting

Paraguay

Poverty, Reforestation, Energy and Climate Change Project (PROEZA)

FP061
Adaptation

Multiple countries

Integrated physical adaptation and community resilience through an enhanced direct access pilot in the public, private, and civil society sectors of three Eastern Caribbean small island developing states

FP060
Cross-cutting

Barbados

Water Sector Resilience Nexus for Sustainability in Barbados (WSRN S-Barbados)

FP059
Adaptation

Grenada

Climate Resilient Water Sector in Grenada (G-CREWS)-