Financing Innovation through GEF

Marina OlshanskayaUNDP-GEF Regional Technical Advisor

Zagreb, December, 2013

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About GEF

GEF – the largest source of multilateral technical assistance for climate change mitigation (energy efficiency, renewable energy, sustainable transport)

GEF-6 is coming (2014-2018), cca 1 bln US$ on the table through individual country allocations plus regional/global set-aside “for innovation”

GEF role – to prototype solutions which can be scaled up through Green Climate Fund (100 bln US$), which is in the making

Sources: UNDP/GEF Projects in Croatia and Kazakhstan

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Innovation is in the core of GEF-6 CCM Strategy:

“Facilitating innovation and technology transfer, with supportive policies and strategies: GEF resources

play a key role in piloting emerging innovative solutions, including technologies, management

practices, supportive policies and strategies, and financial tools.”

Sources: UNDP/GEF Projects in Croatia and Kazakhstan

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GEF-6 CCM Programming Strategy:

Sources: UNDP/GEF Projects in Croatia and Kazakhstan

 

 Strategic Objective 1: Promote Innovation, Technology Transfer, and Supportive Policies and Strategies

 Strategic Objective 2: Demonstrate Systemic Impacts of Mitigation Options

 Strategic Objective 3: Foster Enabling Conditions to Mainstream Mitigation Concerns

 Program 1: Promote timely development, demonstration and financing of low-carbon technologies and mitigation options

 Program 2: Develop and demonstration innovative policy packages and market initiatives to foster new range of mitigation actions

 Program 3:Promote integrated low-carbon urban systems

 Program 4: Promote conservation and enhancement of carbon stocks in forest, and other land-use, and support climate smart agriculture

 Program 5:Integrate findings of convention obligations enabling activities into national planning processes and mitigation targets

 

  

  

 

 

 

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Innovation not only about what, but how:

• Performance-based financing or “grants for results” scheme:• Tendering subsidy provision (first of its kind

projects): Serbia Biomass• Financing RE tariffs: Off-grid RES projects

(Tajikistan, Africa)• Incentives to go beyond EE standards:

Kazakhstan EE buildings• Any other ideas for South East Europe?

Sources: UNDP/GEF Projects in Croatia and Kazakhstan

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Innovation not only about what, but how:

• Role of private sector:• Before: sub-contractor, rarely beneficiary• Now: solution provider and partner

• Examples:• Azerbaijan: SOCAR Green Building Program –

as a prototype of national Green Building Program

• Armenia: LED Lighting with Philips• What else?

Sources: UNDP/GEF Projects in Croatia and Kazakhstan

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Innovation not only about what, but how:

• Integrated approach:• Before: main focus on reduction of GHG

emissions • Now: GHG emissions PLUS other socio-

economic and environmental benefits• Examples:

• Turkmenistan: Water and Energy Efficiency Project (Save energy – save water)

• Montenegro: Carbon Neutral Tourism Project (Reduce emissions – promote tourism)

Sources: UNDP/GEF Projects in Croatia and Kazakhstan

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More innovation, please!

Thank you

Source: UNDP/GEF Project in Russia