Last Board meeting before COP24 will consider new funding and accreditation proposals, with policies, replenishment and evaluation of readiness programme also on agenda
The Green Climate Fund Board opens its twenty-first meeting tomorrow. This third and final meeting of the GCF Board this year is being hosted by the Kingdom of Bahrain in Manama. The agenda for the meeting, which lasts from 17-20 October, is available here.
GCF currently has a portfolio of 73 approved climate finance projects totalling USD 3.5 billion. This Board meeting is due to consider 20 new funding proposals from its Accredited Entities valued at USD 1.1 billion, which are targeted at low-emission, climate-resilient development.
Alongside the consideration of new project proposals, the Board will also discuss the accreditation of 16 new project partners, as well as a number of policy proposals, including those designed to strengthen and streamline project approval processes. Other agenda items include replenishment and a report on the evaluation of the Fund’s readiness programme.
The Green Climate Fund is governed by a Board of 24 members representing developed and developing countries equally. The meeting will be co-chaired by Paul Oquist and Lennart Båge, Board Co-Chairs for 2018.
The four-day meeting in Manama will be attended by more than 300 participants, including observers from civil society and private sector organisations, National Designated Authorities (NDAs), which are the national conduits to the Fund, and Accredited Entities and other partners who assist in delivering climate finance to developing countries.
The proceedings of Board meetings are live-streamed on the GCF website.