Post on 14-Jan-2017
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Enabling framework conditions to invest in low-emission and climate-resilient development
Claudia HallerRegional Programme for Sustainable and Climate Sensitive Land Use for the Economic Development in Central Asia
Country Coordinator (Tajikistan)
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Outline
1 │ Enabling policy framework for financing a Green Economy
2 | Global Climate Finance Architecture
3 │ Green Climate Fund (GCF) - objectives and resources
4 │ How does the GCF work? Structure and access modalities
5 │ What can be funded by the GCF? Criteria for project selection
6 │ Readiness and preparatory support
7 │ Conclusion
Claudia Haller
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DATA
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1 │Enabling policy framework for financing a Green Economy
Enabling policy framework
Current economy
Institutional frame for attracting international
finance
Informational instruments
Legal instruments
Financial instruments
Green economy
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2 │Global Climate Finance Architecture
Source: Climate Funds Update
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3 │Green Climate Fund (GCF) - objectives and resources
• The GCF will pursue a country-driven approach and promote and strengthen engagement at the country level through effective involvement of relevant institutions and stakeholders.
• The GCF “aims to support a paradigm shift in the global response to climate change. It allocates its resources to low-emission and climate-resilient projects and programmes in developing countries.”
• The Fund has a “commitment to aim for 50:50 balance between mitigation and adaptation investments.”
Source: GCF
Claudia Haller
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4 │ How does the GCF work? Structure and access modalities
Access modalities
Claudia Haller
• Accredited Entities: Countries can work through multiple entities (international, regional, national)
• Applicant entities must meet the Fund’s fiduciary standards and environmental and social safeguards (ESS)
Ensuring ownership • The NDA fulfils an important function of
representing the priorities and interests of the country in a clear and transparent manner
Source: GCF
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Source: GCF
Exemplary international entities:
Newly accredited:
4 │ How does the GCF work? Structure and access modalities
Accredited entities
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5 │ What can be funded by the GCF? Criteria for project selection
Initial results areas
Claudia Haller
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5 │ What can be funded by the GCF? Criteria for project selection
Investment criteria
Impact potential
Paradigm shift potential
Sustainable development potential
Responsive to recipients needs
Promote country ownership
Efficiency & effectiveness
Claudia Haller
Source: GCF
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6 │ Readiness and preparatory support
Readiness support by the GCF
Claudia Haller
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6 │ Readiness and preparatory support
Example of readiness support by international actors: GIZ and KfW
Claudia Haller
Climate Finance Readiness Programme (CF Ready)
• Improve the conditions needed to achieve results-oriented, transformational and efficient use of funds from international climate financing – in particular from the GCF.
• Volume (GIZ): € 15 million
• Approach: Intensive in-country coordination, efficient use of tested methods and tools, monitoring developments in climate finance and seek for partners
• 15 Partner countries including Tajikistan
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7 │ Conclusion – enabling policy framework is key!
Source: GIZ / adelphi
Institutional frame for attracting international
finance
Informational instruments
Legal instruments
Financial instruments
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Thank you for your attention !
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As a federal enterprise, GIZ supports the German Government in achieving its objectives in the field of international cooperation for sustainable development.
Published byDeutsche Gesellschaft fürInternationale Zusammenarbeit (GIZ) GmbH
Registered offices, Bonn and Eschborn, Germany
Regional Programme “Sustainable and Climate Sensitive Land Use for the Economic Development of Central Asia”
Ayni St. / Nazarshoev str.
734042 Dushanbe, Tajikistan
M + 992 93 574 7312
E claudia.haller@giz.de
I www.giz.de; www.naturalresources-centralasia.org
ResponsibleClaudia Haller
Author(s)Claudia Haller, Climate Finance Readiness Programme
Photo credits© GIZ
LayoutIndika Kochkarova
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Annex │ Approved projects in Asia
Claudia Haller
Source: GCF
Support the World Bank’s climate adaptation and mitigation program for the Aral Sea Basin
Scaling-up private sector climate finance through local financial institutions (Central Asia)
De-risking and scaling-up investment in energy efficient building retrofits
Strengthening the resilience of smallholder farmers in the dry zone
Scaling-up of Glacial Lake Outburst Flood risk reduction in Northern Pakistan
Climate Resilient infrastructure mainstreaming
Maledives: Supporting vulnerable communities to mange climate change-induced water shortages
Improving the resilience of vulnerable coastal communities to climate change related impacts
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Annex │ What can be funded by the GCF? Criteria for project selection
Project approval process
Claudia Haller
Source: GCF
• After accreditation, an accredited entity can submit project and programme proposals for funding.
• Accredited entities must seek the no-objection(s) from the NDA(s) or focal point(s) for funding proposals.
• Funding proposals will be evaluated against the Fund’s investment criteria.