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GCF publishes the revised funding proposal schedule for B.24

Songdo,
The Green Climate Fund has published the revised timeline for its twenty-fourth Board meeting (B.24), following the decision by the Board at the twenty-third meeting to hold B.24 from 12 to 14 November 2019 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. 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, which is expected to culminate with a pledging session towards the end of 2019, 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.24 are as follows:
B.24 timeline (tentative)
Key milestones
Dates
Deadline for disclosure of ESS reports for category A projects and I-1 programmes 12 Jul 2019*
Deadline to submit funding proposals to GCF for public and private sectors 15 Jul 2019
Submission to the independent Technical Advisory Panel (iTAP) for public and private sectors 2 Sep 2019
iTAP meeting 15-28 Sep 2019**
Deadline for disclosure of ESS reports for category B projects and I-2 programmes 11 Oct 2019*
Publication deadline 22 Oct 2019
B.24 12-14 Nov 2019

* 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.

** Subject to change