Other funding modalities
There are many gaps in the current climate finance landscape, and some areas that have large potential are not adequately financed through current channels. GCF seeks to target these areas to help fill the gaps in climate financing through Requests for Proposals (RfP) and pilot programmes which are focused on specific themes.
The following RFPs and pilot programmes have been approved by the GCF Board. National Designated Authorities (NDA), Accredited Entities (AE) and their partners are encouraged to submit concept notes and funding proposals in any of the active RFPs within the indicated time period. Each RFP is different, and project proponents should contact the GCF Secretariat to verify that climate projects being proposed meet the criteria set.
GCF accepts concept notes and funding proposals as part of a pilot programme for REDD+ results-based payments. The five-year pilot marks a major milestone for the Fund’s support of REDD+. This pilot programme follows a decision at the 18th GCF Board meeting in October 2017 to pilot REDD+ results-based payments, consistent with the Warsaw Framework for REDD+ and other REDD+ decisions under the United Nations Framework Convention on Climate Change (UNFCCC).
The GCF Board approved an initial allocation of USD 200 million for 10 pilots funding proposal adopting Enhance Direct Access implementation modalities. Direct access entities nominated by countries can submit proposals to the Fund, which include public sector institutions or private sector entities, and non-governmental organisations operating at the regional, national or subnational level.
The MSME pilot programme was established by the GCF Board in 2016 as part of the Private Sector Facility. The programme aims to support micro-, small-, and medium-sized enterprises in addressing mitigation and adaptation challenges. The programme seeks to encourage strong proposals for private-sector investment in support of MSME climate activities, from new and existing partners for innovative solutions.
Up to USD 500 million has been allocated by the GCF Board for the Mobilising Funding at Scale Pilot Programme. The MFS seeks to identify innovative, high-impact projects and programmes that mobilise private sector investment in climate change activity. Since issuing the call for proposals in 2017, the GCF Secretariat has received over 350 ideas for climate change projects.