B.30/03: Consideration of funding proposals

The Board, having considered document GCF/B.30/02/Rev.01 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Funding proposal 169 titled “Climate change adaptation solutions for Local Authorities in the Federated States of Micronesia”, by the Pacific Community, as contained in document GCF/B.30/02/Add.01 and Add.19;
    2. Funding proposal 170 titled “Enhancing climate resilience in Thailand through effective water management and sustainable agriculture”, by the United Nations Development Programme, as contained in document GCF/B.30/02/Add.02 and Add.19;
    3. Funding proposal 171 titled “Enhancing Early Warning Systems to build greater resilience to hydro-meteorological hazards in Timor-Leste”, by the United Nations Environment Programme, as contained in document GCF/B.30/02/Add.03 and Add.19;
    4. Funding proposal 172 titled “Mitigating GHG emission through modern, efficient and climate friendly clean cooking solutions (CCS)”, by the Alternative Energy Promotion Centre, Ministry of Energy, Water Resources and Irrigation, Government of Nepal, as contained in document GCF/B.30/02/Add.04 and Add.19;
    5. Funding proposal 173 titled “The Amazon Bioeconomy Fund: Unlocking private capital by valuing bioeconomy products and services with climate mitigation and adaptation results in the Amazon”, by the Inter-American Development Bank, as contained in document GCF/B.30/02/Add.05 and Add.19;
    6. Funding proposal 174 titled “Ecosystem-based Adaptation to increase climate resilience in the Central American Dry Corridor and the Arid Zones of the Dominican Republic”, by the Central American Bank for Economic Integration, as contained in document GCF/B.30/02/Add.20 and Add.19;
    7. Funding proposal 175 titled “Enhancing community resilience and water security in the Upper Athi River Catchment Area, Kenya”, by the National Environment Management Authority, as contained in document GCF/B.30/02/Add.07 and Add.19;
    8. Funding proposal 176 titled “Hydro-agricultural development with smart agriculture practices resilient to climate change in Niger”, by the Banque Ouest Africaine de Développement, as contained in document GCF/B.30/02/Add.08 and Add.19;
    9. Funding proposal 177 titled “Cooling Facility”, by the World Bank, as contained in document GCF/B.30/02/Add.09 and Add.19;
    10. Funding proposal 178 titled “Desert to Power G5 Sahel Facility”, by the African Development Bank, as contained in document GCF/B.30/02/Add.14;
    11. Funding proposal 179 titled “Tanzania Agriculture Climate Adaptation Technology Deployment Programme (TACATDP)”, by the CRDB Bank PLC, as contained in document GCF/B.30/02/Add.15;
    12. Funding proposal 180 titled “Global Fund for Coral Reefs Investment Window”, by Pegasus Capital Advisors, as contained in document GCF/B.30/02/Add.16/Rev.01; and
    13. Funding proposal 181 titled “CRAFT - Catalytic Capital for First Private Investment Fund for Adaptation Technologies in Developing Countries”, by Pegasus Capital Advisors, as contained in document GCF/B.30/02/Add.17;
  2. Takes note of the exceptional circumstances with regard to the matter of full compliance with the provision of no-objection letters as they relate to programmes submitted to the GCF, and further confirms that funding proposal 180 does not set a precedent;
  3. Confirms that only countries that have provided a letter of no-objection that is fully in compliance with the initial no-objection procedure approved by the Board by decision B.08/10 can be considered by the Board;
  4. Approves funding proposal 169 for the amount of USD 16,591,556, submitted by the Pacific Community, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  5. Also approves funding proposal 170 for the amount of USD 17,533,500, submitted by the United Nations Development Programme, subject to the conditions set out in document GCF/B.30/02/Add.18 and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  6. Further approves funding proposal 171 for the amount of USD 20,980,722, submitted by the United Nations Environment Programme, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  7. Approves funding proposal 172 for the amount of USD 21,128,224, submitted by the Alternative Energy Promotion Centre, Ministry of Energy, Water Resources and Irrigation, Government of Nepal, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  8. Also approves funding proposal 173 for the amount of USD 279,000,000, submitted by the Inter-American Development Bank, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  9. Further approves funding proposal 174 for the amount of USD 174,300,000, submitted by the Central American Bank for Economic Integration, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  10. Approves funding proposal 175 for the amount of USD 9,526,603, submitted by the National Environment Management Authority, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  11. Also approves funding proposal 176 for the amount of EUR 30,138,772, submitted by the Banque Ouest Africaine de Développement, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
  12. Further approves funding proposal 177 for the amount of USD 157,000,000, submitted by the World Bank, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.19;
    1. Requests the Secretariat to circulate to the Board the respective assessments included in the relevant cooling sector-related baseline studies pursuant to the condition set out in annex I for funding proposal 177, following their satisfactory submission by the World Bank to the Secretariat;
  13. Approves funding proposal 178 for the amount of USD 150,000,000, submitted by the African Development Bank, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.14;
  14. Also approves funding proposal 179 for the amount of USD 100,000,000, submitted by the CRDB Bank PLC, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.15;
  15. Further approves funding proposal 180 for the amount of USD 125,000,000, submitted by Pegasus Capital Advisors, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.16/Rev.01;
  16. Approves funding proposal 181 for the amount of USD 100,000,000, submitted by Pegasus Capital Advisors, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.30/02/Add.17;
  17. 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
  18. 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.