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GCF launches online submission system for SAP projects

Today, GCF launches the Online Submission System (OSS) for Simplified Approval Process (SAP) projects. This innovative solution for submitting SAP concept notes and funding proposals to GCF will improve the efficiency of managing SAP proposals and the transparency of the review process. Beginning 6 May, all GCF Accredited Entities and National Designated Authorities/Focal Points will be able to access the OSS and submit their SAP proposals online. From 15 June 2019, the OSS should be the standard way of submitting SAP proposals, and e-mail submissions only used in exceptional circumstances.

Adaptation: Accelerating action towards a climate resilient future

At Korea Global Adaptation Week in Songdo, GCF launched a new working paper, Adaptation: Accelerating Action Towards a Climate Resilient Future, to contribute to adaptation knowledge from the perspective of climate financing. The working paper provides an overview of adaptation and resilience challenges, as well as the distinction between them. Read the Executive Director's opening remarks at the launch of the paper.

Importance of adaptation planning highlighted at Korea Global Adaptation Week

The Korea Global Adaptation Week (KGAW), which concludes in Songdo today, emphasised the importance of adaptation planning for catalysing climate action and adaptation finance at the scale needed by developing countries. Effective adaptation planning can be done through a combination of approaches. GCF organised a Regional Technical Expert Meeting on Adaptation (TEM-A) on how to enhance the participation of the private sector in financing adaptation to climate change.

Updated Funding Proposal template now available

The updated Funding Proposal template is now available. The revised template clarifies information requested for baseline, context and theory of change, while also simplifying financing information and investment criteria information required. It has also been restructured and condensed to reduce redundancies. Overall, the update strengthens many portions of the template that will help GCF Accredited Entities prepare high-quality funding proposals. Further guidance on project design and on filling out the template is being developed. GCF will accept both new and old versions of the template to ensure a smooth transition, ending 6 June 2019.

GCF projects under implementation hit the USD 2 billion mark

With Funded Activity Agreements for FP066 and FP058 coming into effect, the Green Climate Fund (GCF) marks another milestone – it now has USD 2 billion worth of projects under implementation. These projects help developing countries take climate action and meet their nationally determined contributions by shifting them to a low-emission and climate-resilient path.

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