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General Guidance

Understanding International Climate Finance


Climate finance involves the flow of funds to help countries to cut their emissions and adapt to climate change. Understanding the strict requirements of the various multilateral funds can be complex.

This section is designed to provide guidance on what is required to engage with the funds and design and implement activities. The content is divided into 3 main sections:

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Planning For Engagement

Prioritise Needs


Considerations

  • Has a project idea been defined, and is it based on a clear climate change related threat, vulnerability and need?
  • Are the identified priority areas aligned with country and sector strategies (NSDP, NAPA, NAMA, INDC) ?
  • Are you familiar with public funds and institutions relevant to the Pacific?

Map the Planning Process


Considerations

  • Has the country National Designated Authority been consulted on the project idea?
  • What approvals are required to support ongoing development of the project idea?
  • Has an Executing Entity been identified?

Ensure Capacity


Considerations

  • Is there capacity within your institution to manage or coordinate the design process?
  • What role will your institution have?
  • What additional resources are needed and who will provide these?
  • Are you aware of the GCF Readiness and Preparatory Support Programme and how this works?

Technical Support


Key Templates & Documents


Accessing Funds

Understanding Approval Procedures of the Funds


Considerations

  • Does your proposed project align with the GCF’s results areas and investment priorities?
  • Is the GCF approval process clear?
  • Will a project concept be developed before moving to full proposal?
  • Have the range of climate finance modalities (grant, concessional loan, etc) available been considered? This can be discussed further with the relevant AE.

Institutional Roles


Considerations

  • Has an AE been identified? Does the AE’s level of accreditation and priorities align with the project?
  • Has the AE agreed to assist the project? Does this have the approval of the NDA?
  • Is the level of assistance the AE will provide through the process clear?
  • Are the roles and responsibilities (related to project development and approval) of the AE, the EE and other project stakeholders clear?

Technical Support


Key Templates & Documents


Design & Implementation

Understand the Project Requirements of the Fund


Considerations

  • Are the Fund’s requirements for project proposals understood?
  • Is the data and evidence required to support the project proposal available?
  • Are the technical design needs for the project clear? Does your organisation have the capacity to deliver these? If not, where will the resources and capacity needed to develop these come from?
  • Who in your organisation will be responsible for project preparation?
  • Who within the AE will be responsible for project preparation?
  • Is your institution aware of the GCF Project Preparation Facility and how this support can be accessed?

Ensure Entities Can Deliver the Project


Considerations

  • Is the role of the Accredited Entity clear in terms of supporting the project design process?
  • Are the roles of the Accredited Entity and Executing Entity (in terms of the intended implementation of the project) clear?
  • Does the role of the Executing Entity align with their capacity to meet the requirements to deliver the project (in terms of technical, financial and risk management capacity)?

Technical Support


Key Templates & Documents