B.36/09: Considerations of funding proposal FP010

The Board, having considered document GCF/B.36/04 titled “Consideration of funding proposals: Consideration of a request for a change in the environmental and social risk category in respect of funded activity FP010 (“De-Risking and Scaling-up Investment in Energy Efficient Building Retrofits”):

1. Approves the change of environmental and social risk category of funded activity FP010 from Category C to Category B as described in document GCF/B.36/04; and
2. Authorizes the Secretariat to negotiate and execute the relevant legal agreements to reflect the approval set out in paragraph (a) above.