On Thursday, 25 February 2021, the Global Green Growth Institute (GGGI) delivered the fourth training in a series of capacity building trainings for the Government of Vanuatu on accreditation to the Green Climate Fund (GCF). Held at the Grand Hotel in Port Vila, the targeted audience of the capacity building training were officials from the Ministry of Climate Change (MoCC), with key staff from the Ministry of Finance and Economic Management (MFEM) and Prime Minister’s Office (PMO) invited to participate as well.
The purpose of this capacity building training was to provide a high-level overview of developing Funding Proposals to the Fund. The participants started the training with an introduction on the current status of GCF funding globally and regionally, and then built their capacity through introduction to the current GCF Concept Note template and key sections, GCF Funding Proposal templates with focuses on certain sections of the GCF Programming Manual, together with existing Concept Notes from Vanuatu to aid in the discussions, and exercises to help in practically applying the lessons learnt.
An additional five GCF capacity building training events are scheduled to take place between March and July this year to continue providing assistance to officials at MFEM, MoCC, and PMO. Future technical sessions will focus on processes and tools to oversee and coordinate climate change programs, project appraisal and project management in line with GCF policies, and an overview of new operational guidelines for MFEM as a Delivery Partner and Accredited Entity. It is anticipated that a ‘phase two’ of the project will enable building on the momentum and success of current capacity building and institutional strengthening measures when activities conclude later this year.
GGGI is delivering these capacity building trainings as part of its role as a Delivery Partner under the ongoing GCF Readiness and Preparatory Support Programme project, ‘Enhancing Vanuatu’s Ability to Seek Accreditation and Direct Access to the GCF.’ The 18-month Readiness project being implemented by GGGI in collaboration with officials from the PMO, MFEM and MoCC aims to support the accreditation of the MFEM, first as a Delivery Partner for future GCF Readiness projects and then as a full GCF National Accredited Entity, with the MoCC as the cooperating Executing Entity.
The GCF’s investments globally are aimed at achieving maximum impact in the developing world, supporting paradigm shifts in both climate change mitigation and adaptation activities. The Fund is unique in its ability to engage directly with both the public and private sectors in transformational climate-sensitive investments, offering a wide range of financial products including grants, concessional loans, subordinated debt, equity and guarantees. Importantly, the GCF employs a country-driven approach to ensure GCF investments operate in harmony with national priorities, such as Vanuatu’s National Sustainable Development Plan (NSDP), National Aid Management Policy (AMP) and Climate Change and Disaster Risk Reduction (CCDRR) Policy.
The Republic of Vanuatu became a member of GGGI in 2014 and has since worked in partnership with the organization to incorporate green growth into national planning and sectoral strategies and policies.