Antigua and Barbuda
Importance of adaptation planning highlighted at Korea Global Adaptation Week
Korea Global Adaptation Week (KGAW) which concludes in Songdo today, emphasized the importance of adaptation planning for catalyzing climate action and adaptation finance at the scale needed by developing countries. Effective adaptation planning can be done through a combination of approaches, including communicating climate science to decision makers, engaging with various stakeholders, looking at project pipelines, accessing financing strategies, and monitoring adaptation finance. The Green Climate Fund organized 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.
SAP guidelines in French and Spanish
Simplified Approval Process (SAP) funding proposal preparation guidelines are now available in French and Spanish on our website. The new documents will make it easier for GCF Accredited Entities (AEs), National Designated Authorities (NDAs) and Focal Points to prepare high-quality project funding proposals under the SAP. Launched in 2017, SAP simplifies and streamlines GCF funding application process for smaller-scale projects or programmes.
Protecting indigenous communities through GCF projects
GCF's support for Indigenous Peoples was a topic examined at the Fourth Global Forum on Indigenous Peoples, hosted by IFAD from 12-13 February 2019. Leonardo Paat, senior safeguards specialist at GCF, explained the various mechanisms implemented by GCF to support indigenous communities in adapting to the impacts of climate change, and provided practical examples through projects that are currently being implemented.
- GCF first replenishment meeting reinforces the role of the Fund to drive climate action
- Green Climate Fund Board meeting sets stage for successful replenishment: allocates USD 440 million for climate action, strengthens governance, and selects new Executive Director
- The Green Climate Fund Board selects Yannick Glemarec as new Executive Director
- Green Climate Fund invests USD 1 billion for developing country climate action, launches first replenishment