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GCF supports strong investor action to combat climate change

At the Investor Agenda roundtable held yesterday on the sidelines of the Global Climate Action Summit in San Francisco, GCF joined investors and other representatives from the private sector to demonstrate and accelerate investor-led action critical to achieving the goals of the Paris Agreement. The Investor Agenda provides a way for investors to directly report actions they are taking, and scale-up their commitment to act, across four key focus areas: Investment, Corporate Engagement, Investor Disclosure, and Policy Advocacy.

UN Secretary-General Antonio Guterres calls for climate finance mobilisation, resourcing of GCF

In a recent speech at the UN Headquarters in New York, UN Secretary-General Antonio Guterres outlined his thoughts on needed action in the next three years to effectively address climate change. Among them — leadership, a sense of urgency, a true commitment to a decisive multilateral response. He expressed the need for governments to fulfill their pledge to mobilise USD 100 billion a year for climate finance and his ardent desire to ensure that the Green Climate Fund is fully operationalised and properly resourced. Read his full remarks.

GCF previews SAP online submission system

Three webinars were recently concluded by GCF in cooperation with UNITAR. The webinars previewed a new online submission system to around 100 participants, consisting of National Designated Authorities (NDAs) and Accredited Entities (AEs). This new system, slated to be launched this year, aims to further improve the efficiency and transparency of submitting concept notes and funding proposals to GCF. A recording of the webinars will be posted on the SAP section of the GCF website.

GCF-UNDP agreements lay ground for start of 3 projects

GCF has signed agreements with the United Nations Development Programme (UNDP), a GCF Accredited Entity, to prepare three approved projects worth USD 84 million in GCF financing, to begin implementation by the end of November. The three Funded Activity Agreements (FAAs) – all signed on Tuesday – will develop climate early warning systems in Georgia; Enhance the climate resilience of people living in coastal Bangladesh; and improve the ability of Zambian farmers to deal with climate change.

GCF at the Asia Pacific Climate Week

In one of the panel sessions of the Asia Pacific Climate Week held in Singapore, Clifford Polycarp of the Division of Country Programming discussed how long-term financing provided by GCF helps countries achieve NDC targets. This session on “Aligning Financial Markets for Climate Action in Asia-Pacific” focused on summarising the results of the UNFCCC Green Investment Catalyst Process, as well as discussing details of emerging initiatives and regional financing platforms.

Civil Society Organisations meet Exec Director ahead of B.20

Around 50 CSO observers met with Executive Director Howard Bamsey and members of the GCF Secretariat ahead of Sunday’s B.20 Board meeting. The meeting gave a chance for CSOs to exchange views with GCF staff on B.20 agenda items. Issues covered included project proposals, replenishment, the integrated approach to policy and GCF’s safeguards policies.

Spanish and French SAP webinars held

A back-to-back series of webinars for GCF's Simplified Approval Process (SAP) was recently held in cooperation with UNITAR. The webinars, which were attended by National Designated Authorities and Accredited Entities, are designed to help guide potential project proponents in submitting concept notes and funding proposals under the pilot programme. The recently-concluded webinars were held in Spanish and French, and follows an initial session held earlier this year.

GCF at Adaptation Futures

GCF took part in the "Resourcing Adaptation" plenary in Adaptation Futures 2018 in Cape Town, South Africa from 18-21 June. Jerry Velasquez, director of mitigation and adaptation at GCF, said that there is a need to leverage knowledge and learning, build the business case for projects and transfer these cases to the private sector. The plenary closed with the announcement of the Burtoni Award, recognising a lifetime contribution to adaptation research, policy and practice.

Readiness Grant Approvals cross USD100 million milestone

Grant approvals under GCF's Readiness programme has exceeded USD 100 million. With 196 readiness requests approved, the programme now covers 112 countries. The Readiness Programme is designed to enhance country ownership and access to GCF Funding, and provides resources for strengthening institutional capacities of National Designated Authorities (NDA) or Focal Points and direct access entities to efficiently engage with the Fund.