Twenty-ninth meeting of the GCF Board (B.29)

Virtual
28 June - 1 July 2021

  • Date 28 June - 1 July 2021
  • Location Virtual
Documents
Type Title Ref # PDF
Agenda
Provisional agenda GCF/B.29/01/Drf.01
Decision
Decisions of the Board – twenty-ninth meeting of the Board, 28 June – 1 July 2021 GCF/B.29/14
Action item
Consideration of funding proposals GCF/B.29/02/Rev.02
Action item
Consideration of funding proposals - Addendum I Funding proposal package for FP165 Annexes GCF/B.29/02/Add.01
Action item
Consideration of funding proposals - Addendum II Funding proposal package for FP166 Annexes GCF/B.29/02/Add.02
Action item
Consideration of funding proposals - Addendum III Funding proposal package for FP167 Annexes GCF/B.29/02/Add.03/Rev.02
Action item
Consideration of funding proposals – Addendum IV Funding proposal package for FP168 GCF/B.29/02/Add.04
Action item
Tenth report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change GCF/B.29/03
Action item
Tenth report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change – Addendum I GCF/B.29/03/Add.01
Action item
Review of Secretariat capabilities to deliver the updated Strategic Plan for 2020 – 2023 GCF/B.29/05
Action item
Updated accreditation framework GCF/B.29/06
Action item
Consideration of accreditation proposals GCF/B.29/07
Action item
Status of the fulfilment of accreditation conditions GCF/B.29/07/Add.01
Action item
Consideration of accreditation proposals – Addendum II: Re-accreditation assessments GCF/B.29/07/Add.02
Action item
Consideration of accreditation proposals – Addendum III GCF/B.29/07/Add.03
Action item
Independent Rapid Assessment of the GCF’s Request for Proposals Modality GCF/B.29/08
Action item
Management response to the Independent Rapid Assessment of the Green Climate Fund’s Request for Proposals Modality GCF/B.29/08/Add.01
Action item
Updated guidelines for the operation of Board committees GCF/B.29/09/Rev.01
Action item
Dates and venues of upcoming meetings of the Board GCF/B.29/11
Action item
Integrated Results Management Framework GCF/B.29/12
Action item
Integrated Results Management Framework – Addendum I GCF/B.29/12/Add.01
Action item
Guidelines to facilitate Board consideration of IRM reports on reconsideration requests, grievances or complaints GCF/B.29/13/Rev.01
Information
Report on the activities of the Independent Redress Mechanism GCF/B.29/Inf.01
Information
Status of the Green Climate Fund resources GCF/B.29/Inf.02
Information
Board decisions proposed between the twenty-eighth and twenty-ninth meetings of the Board GCF/B.29/Inf.03/Rev.01
Information
Report on the activities of the Information Appeals Panel GCF/B.29/Inf.04
Information
Status of the GCF pipeline, including the status of Project Preparation Facility requests GCF/B.29/Inf.05
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund GCF/B.29/Inf.06
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund - Addendum I GCF/B.29/Inf.06/Add.01
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum II GCF/B.29/Inf.06/Add.02
Information
Report on the activities of the Secretariat GCF/B.29/Inf.07
Information
Financial plan to manage commitment authority for GCF-1 GCF/B.29/Inf.07/Add.02
Information
Report on the execution of the 2021 administrative budget of GCF GCF/B.29/Inf.07/Add.03
Information
Readiness and Preparatory Support Programme – Annual update report for 2020 GCF/B.29/Inf.07/Add.04
Information
Institutional linkage between the United Nations and the Green Climate Fund GCF/B.29/Inf.07/Add.05
Information
Report on the activities of the Independent Evaluation Unit GCF/B.29/Inf.08
Information
Mapping of elements related to project or programme eligibility and selection criteria GCF/B.29/Inf.09
Information
Policy on incremental cost and full cost methodologies GCF/B.29/Inf.10
Information
Policy on concessionality GCF/B.29/Inf.11
Information
Guidance on the approach and scope for providing support to adaptation activities GCF/B.29/Inf.12
Information
Report on the activities of the Independent Integrity Unit GCF/B.29/Inf.13
Information
Status of the GCF portfolio: approved projects and fulfilment of conditions GCF/B.29/Inf.14/Rev.01
Information
Report on the activities of the Co-Chairs GCF/B.29/Inf.15
Meeting agenda
Item Title
1. Opening of the meeting
2. Adoption of the agenda and organization of work
3. Adoption of the report of the twenty-eighth meeting of the Board
4. Decisions proposed between the twenty-eighth and twenty-ninth meetings of the Board
5. Report on the activities of the Secretariat
5.a. Mapping eligibility and selection criteria (for information)
6. Reports from Board committees, panels and groups
7. Reports on the activities of the independent units
8. Report on the activities of the Co-Chairs
9. Status of GCF resources, pipeline and portfolio performance
10. Integrated results management framework and results tracking tool
11. Consideration of funding proposals
12. Updated accreditation framework, including the project-specific assessment approach
13. Consideration of accreditation proposals
14. Review of committees, panels and groups: updated guidelines for committees and panels
15. Review of the capabilities of the GCF to deliver increased programming and implementation over 2020–2023 in line with the updated Strategic Plan
16. Matters related to evaluations
16.a. Second performance review of the GCF
16.b. Review of the terms of reference of the Independent Evaluation Unit
16.c. Evaluations by the Independent Evaluation Unit
17. Tenth report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change
18. Matters related to the investment framework (for information)
18.a. Incremental and full cost methodology
18.b. Policy on concessionality
18.c. GCF support to adaptation
19. Dates and venues of upcoming Board meetings
20. Other matters
21. Report of the meeting
22. Close of the meeting

The Board, having considered document GCF/B.29/12 titled “Integrated Results Management Framework”:

  1. Approves the integrated results management framework, including the proposed core and supplementary indicators and approach as set out in annex I, while noting explicitly that these replace the initial results management framework set out in decision B.07/04 and mitigation and adaptation performance measurement frameworks set out in decision B.08/07;
  2. Confirms that the new integrated results management framework indicators do not replace the eight GCF results areas, nor are they to be used in deciding the eligibility of projects and/or programmes submitted to GCF;
  3. Reaffirms that the resource allocation parameters agreed in the Updated Strategic Plan for the Green Climate Fund: 2020–2023 through decision B.27/06 remain unchanged;
  4. Confirms that ex post results to be collected via the implementation of the integrated results management framework will not be used differently from the current results management and performance measurement frameworks for ex ante assessment of funding proposals by the Secretariat, the independent Technical Advisory Panel and the Board;
  5. Requests the Secretariat to develop and present to the Board for approval an accompanying results handbook, taking into account feedback received from accredited entities, national designated authorities and focal points, and other GCF stakeholders, on the application of the integrated results management framework;
  6. Also requests the Secretariat to implement capacity-building initiatives on results management, measurement and reporting systems for accredited entities and other relevant stakeholders to enable effective implementation of the integrated results management framework;
  7. Decides to allocate an additional amount of up to USD 12.4 million under the Readiness and Preparatory Support Programme as a new dedicated support component to be provided directly to direct access entities, including regional direct access entities, to support the implementation of the integrated results management framework;
  8. Requests the Secretariat to operationalize this funding window to allow direct access entities to request such funds directly;
  9. Notes that in allocating the additional amount to direct access entities, consideration could be given to the different capacity gaps of direct access entities as well as to country context and specificities, including for the least developed countries, Small Island Developing States and African States;
  10. Decides that readiness commitments through the dedicated funding window referred to in paragraph (g) above are not included in and do not form part of the existing USD 1 million cap per country per year under the Readiness and Preparatory Support Programme referred to in decision B.08/11, paragraph (f), and are not subject to clearance by direct access entities;
  11. Requests the Secretariat to inform national designated authorities of support rendered to direct access entities within their national mandate;
  12. Also requests the Secretariat to track results as part of its annual reporting under the Updated Strategic Plan for the Green Climate Fund: 2020–2023, using the results tracking tool aligned with the integrated results management framework; and
  13. Further requests the Secretariat to review the integrated results management framework on an ongoing basis, in consultation with accredited entities, national designated authorities and focal points, and other relevant stakeholders, and, if action by the Board is required as a result of the review, to present recommendations to the Board for its consideration and approval.

The Board, having considered document GCF/B.29/02/Rev.02 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Funding proposal 165 titled “Building Climate Resilient Safer Islands in the Maldives”, by the Japan International Cooperation Agency, as contained in document GCF/B.29/02/Add.01 and 07;
    2. Funding proposal 166 titled “Light Rail Transit for the Greater Metropolitan Area (GAM)”, by the Central American Bank for Economic Integration, as contained in document GCF/B.29/02/Add.02 and 07;
    3. Funding proposal 167 titled “Transforming Eastern Province through Adaptation” by the International Union for Conservation of Nature, as contained in document GCF/B.29/02/Add.03/Rev.02 and 07; and
    4. Funding proposal 168 titled “Leveraging Energy Access Finance (LEAF) Framework”, by the African Development Bank, as contained in document GCF/B.29/02/Add.05;
  2. Approves funding proposal 165 for the amount of USD 25,097,880, submitted by the Japan International Cooperation Agency, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.07;
  3. Also approves funding proposal 166 for the amount of USD 271,300,000, submitted by the Central American Bank for Economic Integration, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.07;
  4. Further approves funding proposal 167 for the amount of USD 33,783,755, submitted by the International Union for Conservation of Nature, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.07;
  5. Approves funding proposal 168 for the amount of USD 170,900,000, submitted by the African Development Bank, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.05;
  6. 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 the 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
  7. 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 policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.

The Board, having considered limited distribution document GCF/B.29/04 titled “Status of approved funding proposals: extension of deadline in respect of SAP010 (Multi-Hazard Impact-Based Forecasting and Early Warning System for the Philippines)”:

Decides to extend the deadline until 22 December 2021 for the execution of the funded activity agreement, in a form and substance satisfactory to the Secretariat, for the following approved funding proposal:

  1. SAP010, titled “Multi-Hazard Impact-Based Forecasting and Early Warning System for the Philippines”.

The Board, having considered limited distribution document GCF/B.29/10 titled “Status of approved funding proposals: Extension of deadline in respect of FP153 (Mongolian Green Finance Corporation)”:

Decides to extend the deadline until 8 November 2021 for the submission by the accredited entity of a certificate or legal opinion, in form and substance satisfactory to the Secretariat, confirming that the accredited entity has obtained all final internal approvals needed by it and has the capacity and authority to implement the proposed programme for the following approved funding proposal:

  1. FP153, titled “Mongolian Green Finance Corporation”.

The Board, having considered document GCF/B.29/07 titled “Consideration of accreditation proposals”:

  1. Takes note with appreciation of the assessments conducted by the Secretariat and the Accreditation Panel contained within the relevant annexes for the following applicants:
    1. Applicant 106 (APL106) is the Development Bank of the Philippines (DBP), based in Philippines, as contained in annex III;
    2. Applicant 107 (APL107) is the Development Bank of Zambia (DBZ), based in Zambia, as contained in annex IV;
    3. Applicant 108 (APL108) is the Infrastructure Development Bank of Zimbabwe (IDBZ), based in Zimbabwe, as contained in annex V;
    4. Applicant 109 (APL109) is the Moroccan Agency for Sustainable Energy S.A., (Masen), as contained in annex VI;
    5. Applicant 110 (APL110) is the Vietnam Development Bank (VDB), based in Viet Nam, as contained in annex VII;
    6. Applicant 111 (APL111) is the Korea International Cooperation Agency (KOICA), based in the Republic of Korea, as contained in annex VIII;
    7. Applicant 112 (APL112) is Nacional Financiera, S.N.C., Banca de Desarrollo (NAFIN) based in Mexico, as contained in annex IX;
    8. Applicant 113 (APL113) is the Joint Stock Company TBC Bank (TBC) based in Georgia, as contained in annex X;
    9. Applicant 114 (APL114) is the Inter-American Institute for Cooperation on Agriculture (IICA) based in Costa Rica, as contained in annex XI; and
  2. Recalls decision B.26/06, paragraph (c), wherein the Board decided, at the request of applicant 100 (APL100, Sumitomo Mitsui Banking Corporation (SMBC) based in Japan), to defer the consideration of APL100, as contained in annex IV to document GCF/B.26/03, until no later than the twenty-eighth meeting of the Board;
  3. Further recalls decision B.12/30, paragraph (c), in which the Board underlines its expectation that accredited entities will advance the goal of the GCF to promote the paradigm shift towards low-emission and climate-resilient development pathways in the context of sustainable development;
  4. Recalls decision B.27/06, paragraph (a), where the Board endorsed the Updated Strategic Plan for the Green Climate Fund: 2020-2023, in which the GCF committed to foster climate mainstreaming across its partnership network, including through active collaboration with entities seeking accreditation to mainstream climate considerations more broadly across their operations and portfolios to drive institutional transformation;
  5. Further recalls, pursuant to decision B.24/13 and annex XXVI thereto, that the re-accreditation decision by the Board will take into account the Secretariat and Accreditation Panel’s assessment of the extent to which the accredited entity’s overall portfolio of activities beyond those funded by the GCF has evolved in this direction during the accreditation period;
  6. Takes note with appreciation of APL100 new climate policy and action plan (announced as of 12 May 2021, also available in the document GCF/B.29/07/Add.03), and underlines its relevance for the group’s application to the status of Green Climate Fund Accredited Entity;
  7. Approves accreditation of the applicant 100 (APL100), Sumitomo Mitsui Banking Corporation (SMBC), based in Japan, as contained in annex IV to document GCF/B.26/03, pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the assessments by the Accreditation Panel and subject to the completion of Stage III of accreditation by having an effective accreditation master agreement, in accordance with decision B.23/11;
  8. Further approves accreditation of the applicant 106 (APL106), the Development Bank of the Philippines (DBP), based in Philippines, as contained in annex III;
  9. Further approves accreditation of the applicant 107 (APL107), the Development Bank of Zambia (DBZ), based in Zambia, as contained in annex IV;
  10. Further approves accreditation of the applicant 108 (APL108), the Infrastructure Development Bank of Zimbabwe (IDBZ), based in Zimbabwe, as contained in annex V;
  11. Further approves accreditation of the applicant 109 (APL109), the Moroccan Agency for Sustainable Energy S.A., (Masen), as contained in annex VI;
  12. Further approves accreditation of the applicant 110 (APL110), the Vietnam Development Bank (VDB), based in Viet Nam, as contained in annex VII;
  13. Further approves accreditation of the applicant 111 (APL111), the Korea International Cooperation Agency (KOICA), based in the Republic of Korea, as contained in annex VIII;
  14. Further approves accreditation of the applicant 112 (APL112), Nacional Financiera, S.N.C., Banca de Desarrollo (NAFIN) based in Mexico, as contained in annex IX;
  15. Further approves accreditation of the applicant 113 (APL113), the Joint Stock Company TBC Bank (TBC) based in Georgia, as contained in annex X;
  16. Approves accreditation of the applicant 114 (APL114), the Inter-American Institute for Cooperation on Agriculture (IICA) based in Costa Rica, as contained in annex XI;
  17. Takes note with appreciation of the assessment conducted by the Secretariat and the Accreditation Panel contained within annex XIII for the following applicant seeking to upgrade its accreditation type:
    1. International Fund for Agricultural Development (IFAD) based in Italy, as contained in annex XII; and
  18. Agrees to upgrade the accreditation type of the International Fund for Agricultural Development (IFAD) as contained in decision B.14/11, paragraph (b), subject to, and in accordance with the assessment by the Accreditation Panel contained in annex XII.

The Board, having considered document GCF/B.29/07 titled “Consideration of accreditation proposals”:

  1. Takes note with appreciation of the assessments conducted by the Secretariat and the Accreditation Panel contained within the relevant annexes for the following applicants for re-accreditation:
    1. Applicant R021 (RAPL021) is the Agency for Agricultural Development of Morocco (ADA), based in Morocco, as contained in the annex I of addendum II;
    2. Applicant R003 (RAPL003) is the Secretariat of the Pacific Regional Environment Programme (SPREP), based in Samoa, as contained in annex II of addendum II, and

      pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the assessments by the Accreditation Panel contained in the relevant annexes for each of the applicants, and subject to the completion of Stage III of the accreditation by having an effective amendment to the accreditation master agreement, in accordance with decision B.24/13:
  2. Approves the re-accreditation of applicant RAPL021, the Agency for Agricultural Development of Morocco (ADA), based in Morocco, as contained in annex I of addendum II; and
  3. Further approves re-accreditation of applicant RAPL003, the Secretariat of the Pacific Regional Environment Programme (SPREP), based in Samoa, as contained in annex II of addendum II.

The Board, having considered document GCF/B.29/11 titled “Dates and venues of upcoming meetings of the Board”:

  1. Confirms that the thirtieth meeting of the Board will take place from Monday, 4 October to Thursday, 7 October 2021 and that this be held as a net-meeting;
  2. Underscores the importance of the full participation and involvement of the entire Board from all constituencies in the Board meetings and pre-Board meeting consultation process as an essential condition for holding an effective and full participatory meeting;
  3. Requests the Secretariat, where applicable, to take appropriate steps to ensure the full and effective participation of all Board members, alternate members, advisers and active observers in the net-meeting, including testing the technology and providing support to developing countries in particular; and
  4. Also requests the Co-Chairs to continue to monitor the impact of the COVID-19 pandemic on the operations of GCF, and to report to the Board appropriately.
Item Title Timestamp File
1. Opening of the meeting 28 Jun 2021
21:09
- 21:12
2. Adoption of the agenda and organization of work 28 Jun 2021
21:12
- 21:14
3. Adoption of the report of the twenty-eighth meeting of the Board 28 Jun 2021
21:14
- 21:31
4. Decisions proposed between the twenty-eighth and twenty-ninth meetings of the Board 28 Jun 2021
21:33
- 22:01
5. Report on the activities of the Secretariat 28 Jun 2021
22:01
- 23:57
10. Integrated results management framework and results tracking tool [part 1] 28 Jun 2021
23:57
- 00:44
10. Integrated results management framework and results tracking tool [part 2] 29 Jun 2021
22:45
- 23:15
10. Integrated results management framework and results tracking tool [part 3] 29 Jun 2021
23:30
- 23:38
10. Integrated results management framework and results tracking tool [part 4] 30 Jun 2021
21:35
- 21:55
10. Integrated results management framework and results tracking tool [part 5] 30 Jun 2021
22:14
- 00:07
10. Integrated results management framework and results tracking tool [part 6] 01 Jul 2021
00:44
- 01:05
10. Integrated results management framework and results tracking tool [part 7] 01 Jul 2021
00:58
- 01:05
10. Integrated results management framework and results tracking tool [part 7] 01 Jul 2021
22:59
- 23:43
11. Consideration of funding proposals [part 1] 29 Jun 2021
23:40
- 01:01
11. Consideration of funding proposals [part 2] 01 Jul 2021
21:37
- 22:59
11. Consideration of funding proposals [part 3] 01 Jul 2021
23:43
- 00:43
13. Consideration of accreditation proposals 02 Jul 2021
00:43
- 01:28
19. Dates and venues of upcoming Board meetings 02 Jul 2021
01:28
- 01:40
FP168
Mitigation

Multiple countries

Leveraging Energy Access Finance (LEAF) Framework

FP167
Cross-cutting

Rwanda

Transforming Eastern Province through Adaptation

FP166
Mitigation

Costa Rica

Light Rail Transit for the Greater Metropolitan Area (GAM)

FP165
Adaptation

Maldives

Building Climate Resilient Safer Islands in the Maldives