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Norway announces doubling of support as GCF outlines contribution to global stocktake

Norway announced today that will double its contribution to GCF as part of the Fund’s replenishment. At the same Ministerial session on global stocktaking, GCF Executive Director a.i. Javier Manzanares outlined the GCF's contribution to global efforts on climate change over the past five years, noting that at the time of the last COP meeting in Poland (COP19) GCF had been just "an aspiration," but that it was now delivering results on the ground. Grenada emphasised that ongoing GCF support is critical to the country and other SIDS, and commended Germany and Norway for showing leadership in supporting the early stages of GCF’s current replenishment drive.

The role of the banking sector in the fight against climate change

GCF hosted an event on green banking and the overall role that the banking sector can play in addressing climate change at the sidelines of COP24 in Katowice. Speakers from EBRD, IFC, UNFCCC, RMI and the Green Investment Group agreed that the sector has potential for substantial impact in driving decarbonisation of the economy, but the fit for purpose regulatory environment should be in place. Alzbeta Klein, Director of Climate Business Department at IFC, recognised recent positive developments of including climate change as an important element of banking supervision.

GCF 101 series provides introduction to the Fund

The GCF 101 briefing series, aimed at introducing the core elements of GCF programmes and activities is gaining popularity at COP24. This, as more people express eagerness in gaining a better understanding of how the Fund operates and how to engage with it. Today, GCF colleagues hosted three 101 sessions, focusing on Readiness, Privileges & Immunities and overall GCF operations. The schedule of next 101 sessions are listed in the COP24 section.

Evaluation of the GCF Result Management Framework

A discussion on the evaluation of GCF's Result Management Framework (RMF) was held today in the sidelines of COP24. Jo Puri, Head of GCF's Independent Evaluation Unit (IEU), provided a review of mechanisms and tools to measure the impacts of GCF's climate activities, focusing on how the Fund can learn and strengthen its frameworks. GCF Senior Monitoring and Evaluation Specialist Rajib Ghosal discussed how GCF has been conducting a comparative analysis of other measurement tools and criteria to update the performance measurement framework. External perspectives were provided by EBRD, UNDP, the UK's BEIS, as well as CCAP - who conducted its own analysis of the RMF.

IEU holds event on performance review of GCF

The Independent Evaluation Unit of GCF today hosted a panel discussion on its review of GCF. Jo Puri, Head of the IEU, provided an overview of the key elements and processes of the upcoming review, which was mandated by the GCF Board last October. GCF Board Member Karma Tshering provided his perspectives on the opportunities of the review in helping GCF become more efficient.

First GCF side event at COP24

In GCF's first COP24 side event "GCF Operations update and lessons emerging from ongoing evaluations" today, GCF Director of Country Programming Pa Ousman Jarju provided an update of GCF operations and presented the revamped GCF Readiness programme, known as Readiness 2.0. The new programme was strongly welcomed by AEs, NDAs and readiness partners speaking at the event. Margaret Kim of GGGI said Readiness 2.0 is a great step forward and emphasised that GCF should continue its work promoting direct access and involving private sector.

Introduction to GCF Accreditation

Getting accredited is the first step for an organisation to access GCF funding. Responding to great interest from various entities about the accreditation process, GCF held a briefing session on "Accreditation 101" in its COP24 pavilion today. Anupa Rimal Lamichhane, GCF Entity Relations Specialist, introduced the participants to each of the steps of the accreditation process, required standards and safeguards.

Independent Integrity Unit hosts 2018 Integrity Forum

The Independent Integrity Unit (IIU) of GCF spearheaded the inaugural Integrity Forum in celebration of International Anti-Corruption Day. Panel members from both IIU and the GCF Secretariat, specifically from Human Resources and the Ombudsperson, shared their respective roles and mandates in upholding GCF integrity standards and reaffirmed GCF's commitment to the lawful utilisation of its resources and promotion of a respectful workplace. GCF joins the international community in its efforts to combat corruption while maximising climate action.

GCF to cooperate with UNIDO

GCF and the United Nations Industrial Development Organization (UNIDO) signed today a Readiness Framework Agreement to enable developing countries to partner with UNIDO on activities enhancing their access to GCF. As a GCF Readiness delivery partner, UNIDO will engage through national stakeholders to develop GCF Readiness Projects in a number of sustainable energy and climate change areas.

Empowering Direct Access to Climate Finance

At COP24, GCF held its first event in its pavilion, focusing on direct access to climate finance. The panel discussion, organised together with the Adaptation Fund, included speakers from Direct Access Entities, National Designated Authorities and GCF. Direct Access is crucial for developing countries to fully exercise country ownership of climate change funding. Participants shared their experience in the field, exchange best practices and discussed the ways to further support direct access and promote country ownership.

Getting ready for Katowice

GCF will be attending COP24 in Katowice, Poland from 2-14 December. We look forward to welcoming you to the GCF pavilion, located in Zone E of the venue. At the pavilion we will be hosting a series of events, panel discussions, and 'GCF 101' briefings. GCF was created by the parties to the UNFCCC, and reports on our progress each year at the annual COP climate conference. We look forward to meeting you in Katowice, and to hearing your views about how we can have a greater impact in supporting developing country climate ambitions.

GCF Structured Dialogue with Least Developed Countries kicks off this week

The GCF Structured Dialogue with Least Developed Countries (LDCs) will take place this week (19-22 November) in Addis Ababa, Ethiopia. The event is an opportunity to accelerate and strengthen GCF engagement with countries and stakeholders in the LDCs, who are some of the most vulnerable to the adverse effects of climate change. The Structured Dialogue will bring together representatives from National Designated Authorities (NDAs), Focal Points (FPs), Accredited Entities (AEs) as well as other stakeholders. The event is organized in collaboration with the Government of Ethiopia and the Least Developed Countries' constituency under the UNFCCC.

First GCF Adaptation Rationale workshop starts this week in the Philippines

On 14-17 November, GCF will host its first Adaptation Rationale workshop in Cebu, Philippines. The workshop will provide support for GCF Direct Access Entities (DAEs) and countries preparing adaptation project pipeline and enable them to explore potential partnerships for implementation. During the 4 days event, GCF partners will participate in sessions on adaptation planning, climate information, financing instruments and private sector engagement, and project design.

Sign up for the final 2018 webinar on GCF's Simplified Approval Process

On 29 November, the Green Climate Fund (GCF), with support from the United Nations Institute for Training and Research (UNITAR), will deliver a final webinar for all GCF stakeholders, including Accredited Entities and National Designated Authorities/Focal Points, on the status of Simplified Approval Process’ implementation one year on from the launch of the pilot scheme. Learn more and register for the webinar.

Second GCF Structured Dialogue with the Caribbean kicks off today in Grenada

The second GCF Structured Dialogue with the Caribbean will take place in St. George’s, Grenada on 6-9 November 2018. It will bring together ministers and senior decision makers from the region, as well as representatives from National Designated Authorities and Focal Points, Accredited Entities, civil society and private sector. Following the first GCF Structured Dialogue last year in Belize, the event in Grenada will focus on improving regional cooperation and provide an opportunity to share insights on climate finance, project implementation and investment opportunities.

Efforts stepped up to protect data privacy and protection

GCF has increased its efforts to safeguard personal data with the adoption of a new administrative instruction (AI) that addresses the protection and privacy of personal information. The AI, which comes into effect today, will be complemented by ongoing data protection training and other outreach activities to help equip GCF staff and other stakeholders with the right tools and practices to handle personal information.

Sharing ideas on scaling efficiency investments

At the recently concluded Global Conference on Energy Efficiency hosted by the International Energy Agency, GCF shared its experiences in scaling and replicating energy efficiency investments. GCF has extensive experience engaging directly with both the public and private sectors on transformational climate investments, and has the capacity to consider projects and innovative financial instruments reducing risk and unlocking further investments. 

GCF welcomes 16 new accredited entities

In the 21st meeting of its Board held in Manama, Bahrain, GCF approved the accreditation of 16 new partners. These organisations are GCF’s partners in channeling resources to climate projects in developing countries. This approval brings the number of accredited entities to 75, with over half being direct access entities.

UNFCCC Executive Secretary highlights importance of GCF, success of Board Meeting

UNFCCC Executive Secretary Patricia Espinosa addressed Board members, partners and observers at the 21st meeting of the GCF Board held in Manama, Bahrain, underscoring the importance of the success of the meeting. She further emphasised the critical role of the Fund, saying that “replenishing the GCF will allow it to continue playing a critical role in supporting developing countries shift to a low emission and climate resilient path.”

GCF emphasises role of women in addressing climate change at UN Women event

At a high-level ministerial event hosted by UN Women, GCF Deputy Executive Director Javier Manzanares underscored the important role that women play in addressing climate change. GCF worked with UN Women in producing the "Mainstreaming Gender in Green Climate Fund Projects" manual to help project designers and implementors in integrating gender equality in climate projects and interventions.