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GCF publishes the revised funding proposal schedule for B.25

Songdo,
The Green Climate Fund has published the tentative timeline for its twenty-fifth Board meeting (B.25) following the decision by the Board at the twenty-third meeting to hold B.25 from 10 to 12 March 2020 in Songdo, Incheon, Republic of Korea. The timeline lists key dates leading to the Board meetings, where the 24 Board members decide on funding proposals brought forward by GCF Accredited Entities.
 
At its twenty-first meeting, the GCF Board took a decision to manage remaining available resources from its Initial Resource Mobilization according to priorities set by prior Board decisions, balancing commitments and diversity among Accredited Entities, across regions and across results areas. This decision included a specific allocation of resources, up to USD 600 million, for requests for proposals and pilot programmes including the Simplified Approval Process.
 
As a result, GCF can only consider a limited number of new proposals during the remainder of 2019. The GCF Board has launched the Fund’s first replenishment process, in anticipation that programming of funded activities under the first replenishment period will commence for 2020 and beyond. GCF welcomes new proposals to build a strong, country-driven pipeline for its activities beyond 2019, delivering paradigm shift towards low-emissions, climate-resilient development.

The key dates for B.25 are as follows:
B.25 timeline (tentative)
Key milestones
Dates
Deadline for disclosure of ESS reports for category A projects and I-1 programmes 8 Nov 2019*
Deadline to submit funding proposals to GCF for public and private sectors 8 Nov 2019**
Submission to the independent Technical Advisory Panel (iTAP) for public and private sectors 13 Dec 2019
iTAP meeting 12-17 Jan 2020
Deadline for disclosure of ESS reports for category B projects and I-2 programmes 7 Feb 2020*
Publication deadline 18 Feb 2020
B.25 10-12 Mar 2020

* Per paragraph 17 of GCF’s Information Disclosure Policy, the AE shall disclose the ESS report/s in English and the local language (if not English) in the project/ programme location. The report/s shall be disclosed (i) in the AE’s website, (ii) in locations convenient to affected peoples, and (iii) to the Board and active observers by way of a notification via the Secretariat. The deadline for such disclosures shall be 120 days (A or I-1) or 30 days (B or I-2) in advance of the AE’s or GCF’s Board decision, whichever is earlier.

** Please note that all funding proposals submitted for B.25 should use the latest funding proposal template. The new revised template and relevant annexes can be found on the GCF website.