B.42/06: Consideration of funding proposals

The Board, having considered document GCF/B.42/02/Rev.01 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Simplified approval process funding proposal 050 titled “Toward Risk-Aware and Climate-resilienT communities (TRACT) - Strengthening climate services and impact-based multi-hazard early warning in Maldives” by the United Nations Environment Programme, as contained in document GCF/B.42/02/Add.01;
    2. Simplified approval process funding proposal 051 titled “Increasing resilience to the health risks of climate change in the Federated States of Micronesia” by the Pacific Community, as contained in document GCF/B.42/02/Add.02;
    3. Simplified approval process funding proposal 052 titled “Strengthen the National Multi-Hazard Early Warning System in the Sultanate of Oman” by the United Nations Industrial Development Organization, as contained in document GCF/B.42/02/Add.03;
    4. Simplified approval process funding proposal 053 titled “FISH-ADAPT: Transforming climate resilience and sustainability in Saint Lucia’s fisheries communities” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.42/02/Add.04;
    5. Simplified approval process funding proposal 054 titled “SOURCE Pacific Drinking Water Projects” by the Asian Development Bank, as contained in document GCF/B.42/02/Add.05 and 20;
    6. Funding proposal 265 titled “Climate-resilient landscapes for sustainable livelihoods in northern Ghana” by the United Nations Environment Programme, as contained in document GCF/B.42/02/Add.07;
    7. Funding proposal 266 titled “Strengthening the resilience of ecosystems and populations in four regional hubs in northern Mauritania” by the United Nations Environment Programme, as contained in document GCF/B.42/02/Add.08;
    8. Funding proposal 267 titled “Scaling up ecosystem-based approaches to managing climate-intensified disaster risks in vulnerable regions of South Africa (“Eco-DRR”)” by the South African National Biodiversity Institute, as contained in document GCF/B.42/02/Add.09;
    9. Funding proposal 268 titled “Scaling-Up Resilience in Africa’s Great Green Wall (SURAGGWA)” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.42/02/Add.10;
    10. Funding proposal 269 titled “Dairy Interventions for Mitigation and Adaptation (DaIMA)” by the International Fund for Agricultural Development, as contained in document GCF/B.42/02/Add.11;
    11. Funding proposal 270 titled “Climate Adaptive Irrigation and Sustainable Agriculture for Resilience (CAISAR) in Cambodia” by the International Fund for Agricultural Development, as contained in document GCF/B.42/02/Add.12;
    12. Funding proposal 271 titled “India Green Finance Facility (IGFF)” by the Asian Development Bank, as contained in document GCF/B.42/02/Add.13;
    13. Funding proposal 272 titled “Protecting livelihoods and assets at risk from Glacial Lake Outburst Floods (GLOFs) and climate change-induced flooding in glacial river basins of Nepal” by the United Nations Development Programme, as contained in document GCF/B.42/02/Add.14;
    14. Funding proposal 273 titled “Papua New Guinea REDD-plus RBP for results period 2014-2016” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.42/02/Add.15;
    15. Funding proposal 274 titled “Building the Climate Resilience of Children and Communities through the Education Sector (BRACE)” by Save the Children Australia, as contained in document GCF/B.42/02/Add.16;
    16. Funding proposal 275 titled “Scaling up the Deployment of Integrated Utility Services (IUS) to Support Energy Sector Transformation in the Caribbean (Phase 1) Programme” by the Caribbean Development Bank, as contained in document GCF/B.42/02/Add.17 and 22;
    17. Funding proposal 276 titled “GCF’s investment into the Global Green Bond Initiative (GGBI) (previously known as Green and Resilience Debt Platform (GRDP))” by the European Investment Bank, as contained in document GCF/B.42/02/Add.18 and 23; and
    18. Funding proposal 277 titled “ATOME Villeta Green Fertilizer (AVGF) Project” by the International Finance Corporation, as contained in document GCF/B.42/02/Add.19 and 24;
  2. Approves simplified approval process funding proposal 050, submitted by the United Nations Environment Programme (UNEP), for the amount of USD 25,000,000, in accordance with the term sheet agreed between the Secretariat and UNEP and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  3. Also approves simplified approval process funding proposal 051, submitted by the Pacific Community (SPC), for the amount of USD 17,893,309, in accordance with the term sheet agreed between the Secretariat and SPC and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  4. Further approves simplified approval process funding proposal 053, submitted by the Food and Agriculture Organization of the United Nations (FAO), for the amount of USD 14,750,000, in accordance with the term sheet agreed between the Secretariat and FAO and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  5. Approves simplified approval process funding proposal 054, submitted by the Asian Development Bank (ADB), for the amount of USD 9,000,000, in accordance with the term sheet agreed between the Secretariat and ADB and set out in document GCF/B.42/02/Add.20, and subject to the conditions set out in annex I;
  6. Also approves funding proposal 265, submitted by the United Nations Environment Programme (UNEP), for the amount of USD 63,211,141, in accordance with the term sheet agreed between the Secretariat and UNEP and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  7. Further approves funding proposal 266, submitted by United Nations Environment Programme (UNEP), for the amount of USD 30,902,775, in accordance with the term sheet agreed between the Secretariat and UNEP and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  8. Approves funding proposal 267, submitted by the South African National Biodiversity Institute (SANBI), for the amount of USD 40,104,179, in accordance with the term sheet agreed between the Secretariat and SANBI and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  9. Also approves funding proposal 268, submitted by the Food and Agriculture Organization of the United Nations (FAO), for the amount of USD 150,000,000, in accordance with the term sheet agreed between the Secretariat and FAO and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  10. Further approves funding proposal 269, submitted by the International Fund for Agricultural Development (IFAD), for the amount of USD 150,000,000, in accordance with the term sheet agreed between the Secretariat and IFAD and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  11. Approves funding proposal 270, submitted by the International Fund for Agricultural Development (IFAD), for the amount of USD 80,000,000, in accordance with the term sheet agreed between the Secretariat and IFAD and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  12. Also approves funding proposal 271, submitted by the Asian Development Bank (ADB), for the amount of USD 200,000,000, in accordance with the term sheet agreed between the Secretariat and ADB and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  13. Further approves funding proposal 272, submitted by United Nations Development Programme (UNDP), for the amount of USD 36,158,230, in accordance with the term sheet agreed between the Secretariat and UNDP and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  14. Approves funding proposal 273, submitted by the Food and Agriculture Organization of the United Nations (FAO), for the amount of USD 63,413,756, in accordance with the term sheet agreed between the Secretariat and FAO and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  15. Also approves, pursuant to a vote in which 20 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which none of the Board members present abstained from the vote, funding proposal 274, submitted by Save the Children Australia (SCA), for the amount of USD 40,751,264, in accordance with the term sheet agreed between the Secretariat and SCA and set out in document GCF/B.42/02/Add.25, and subject to the conditions set out in annex I;
  16. Further approves funding proposal 275, submitted by the Caribbean Development Bank (CDB), for the amount of USD 26,736,295, in accordance with the term sheet agreed between the Secretariat and CDB and set out in document GCF/B.42/02/Add.22, and subject to the conditions set out in annex I;
  17. Approves funding proposal 276, submitted by the European Investment Bank (EIB), for the amount of EUR 200,000,000, in accordance with the term sheet agreed between the Secretariat and EIB and set out in document GCF/B.42/02/Add.23, and subject to the conditions set out in annex I;
  18. Also approves funding proposal 277, submitted by the International Finance Corporation (IFC), for the amount of USD 50,000,000, in accordance with the term sheet agreed between the Secretariat and IFC and set out in document GCF/B.42/02/Add.24, and subject to the conditions set out in annex I;
  19. Reaffirms that pursuant to annex IV to decision B.17/09 the Executive Director or his/her delegate(s) is authorized to negotiate and enter into legal agreements on behalf of GCF 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
  20. 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.