Click here to read the GCF Portfolio Report for September 2020.
Click here to read the GCF Portfolio Report for July -August 2020.
Click here to read the GCF Portfolio Report for June 2020.
Click here to read the GCF Portfolio Report for May 2020.
Click here to read the GCF Portfolio Report for March 2020.
Directing finance to where it is needed most
Delivering inclusive growth while limiting climate change to 1.5°C will require the mobilization of finance at a historic scale. Over the next 15 years, it is estimated the world needs about USD 90 trillion in climate smart infrastructure – most of it in developing countries. Investing in green, climate resilient development will help mitigate the impacts of climate change and enable vulnerable societies to adapt to its negative effects. Climate finance plays a vital role in accelerating the implementation of Nationally Determined Contributions (NDCs) and advancing the Sustainable Development Goals (SDGs).
Mobilizing climate finance to where it will deliver the greatest impact is beset by various challenges, including institutional capacity. The Global Green Growth Institute (GGGI), mandated to help develop a low-carbon, resilient world of strong, inclusive and sustainable growth, works with its Member and partner countries to mobilize finance in support of climate action plans and programmes aiming to achieve climate targets.
GGGI has already helped mobilize over USD 1 billion in green investments and climate finance in developing countries. GGGI has done so by supporting countries to tap into finance from diverse sources, including bilateral aid, multilateral development banks, and the private sector.
One critical source of climate finance is the Green Climate Fund (GCF), which empowers developing countries to achieve their NDCs by financing mitigation and adaptation initiatives that align with countries’ needs and priorities. To enhance country ownership and access to its resources, GCF has a Readiness and Preparatory Support Programme. This “Readiness Programme” provides grants or technical assistance to strengthen institutional capacities, governance mechanisms, planning and programming to help countries identify a transformational, long-term climate action agenda. All developing country Parties to United Nations Framework Convention on Climate Change (UNFCCC) can access GCF’s Readiness Programme.
GGGI partners closely with GCF to support developing countries to access climate finance. With a common goal and complementary delivery model, GGGI and GCF signed a Framework Readiness and Preparatory Support Grant Agreement in 2017. Under this strategic partnership, GGGI supports its Member and partner countries to enhance access to GCF financing by implementing the GCF Readiness Programme. To ensure that GGGI remains a neutral advisor to governments, GGGI carries out this work as a Readiness Delivery Partner and is not an accredited entity to GCF.
GGGI supports national designated authorities (NDAs) and existing and potential national direct access entities (DAEs to develop projects for submission to GCF and to access Readiness Programme resources. GGGI also works with partner governments to develop concept notes and funding proposals for submission to GCF.
Over 20 countries have requested GGGI to act as a Readiness Delivery Partner. The GGGI teams on the ground have supported 20 of its government partners to access over USD 15 million in GCF approved Readiness funding and submitted over USD 9 million Readiness proposals.
Click here to see the GCF Approved Readiness Funding.
Support for Funding Proposals
For countries to access climate finance from the Green Climate Fund (GCF), the Global Green Growth Institute (GGGI) develops funding proposals, two of which have already been approved (for Ethiopia and Rwanda), three in the GCF pipeline (for Mongolia, India and Senegal), and one being developed (for Indonesia). GGGI has also developed 10 concept notes submitted for Fiji, Lao PDR, Rwanda and Vanuatu, six through SAP. In most of these projects, GGGI works with national direct access entities. The total value of these projects is estimated at USD 685 million, of which GCF contribution is over USD 300 million.
Project Reference Profiles – Senegal(SN07) Support to CNCAS for GCF pipeline development as DAE
|Start Date||Q1 May 20 2019|
|Actual Budget (USD)||6,797|
Project Reference Profiles – Ethiopia(ET5) Green growth governance – Ethiopia GCF readiness: ‘Building the project/program development, coordination and delivery capacity of the NIE and strengthening Ethiopia’s engagement with the GCF’
|Start Date||Q3 20190901|
|Actual Budget (USD)||62,063|
Project Reference Profiles – Rwanda(RW5) Readiness Support to implement Green City Development Projects in Rwanda’s Secondary Cities
|Start Date||Q1 April 1 2018|
|Actual Budget (USD)||369,929|
News • October 21, 2020
Private sector stakeholders and GGGI complete Business Resilience Training for small business owners in Vanuatu
On October 16, in the Province of Tafea, the Global Green Growth Institute (GGGI) completed the last of 6 training workshops engaging the private sector in climate resilience. Between February and October 2020, GGGI, the Vanuatu Business Resilience Council (VBRC), and the Vanuatu Chamber of Commerce and Industry (VCCI) delivered 6 business resilience training workshops […]
News • October 14, 2020
Ministry of Environment and GGGI Laos jointly organized the “Lao PDR 2020 Nationally Determined Contribution Validation and Finalizing Priority Areas for Lao PDR GCF Country Program” Workshop
Vientiane Capital, Lao PDR; October 6, 2020 – The Department of Climate Change (DCC) under the Ministry of Natural Resources and Environment (MONRE) and the Global Green Growth Institute (GGGI) Laos office co-hosted a workshop to discuss two key important documents for climate change work in the country. The morning session was focused on validating the […]
News • October 6, 2020
Selected rural agriculture and tourism operators in Shefa and Tafea Province underwent a three days Business Resilience Training hosted by the Vanuatu Chamber of Commerce and Industry (VCCI) and Vanuatu Business Resilience Council (VBRC) with support through the Mobilizing Vanuatu Private Sector towards Climate Action – Green Climate Fund (GCF) Readiness Project. A representative from […]
News • September 30, 2020
The National Adaptation Readiness and Preparatory Support for Building Flood Resilience Capacities in Rwanda approved in January 2020, building on current measures, strategies and policies, will coordinate different government agencies and targeted multi-stakeholders for effective flood and landslide planning and prevention in Rwanda’s most vulnerable zones. As the COVID-19 pandemic has swept through much of […]
News • August 27, 2020
INCREASED CONFIDENCE IN INDONESIA: Green Climate Fund Approves USD103.8 million REDD+ Results-Based Payment Proposal
Joint Press Release – Ministry of Environment and Forestry & Ministry of Finance of the Republic of Indonesia Indonesia has recorded an approved funding worth USD103.8 million from the Green Climate Fund for the REDD+ (Reducing Emissions from Deforestation and Forest Degradation) Results-Based Payment (RBP) proposal. This achievement highlights Indonesia’s notable response towards the […]
News • August 26, 2020
GGGI delivers first capacity building training for the MFEM on accreditation to the Green Climate Fund’
Port Vila, 14 August 2020, the Global Green Growth Institute (GGGI) delivered the first in a series of capacity building training sessions for the Government of Vanuatu on accreditation to the Green Climate Fund (GCF). Held at the Vanuatu National Statistics Office (VNSO) in Port Vila, the targeted audience of the capacity building training were […]
News • August 11, 2020
On August 6, the GGGI Myanmar team held its inaugural “Green City Steering Committee” (GCSC) meeting during a semi virtual, semi physical meeting at the Park Royal hotel in Nay Pyi Taw. Representatives of three project cities (Bago, Pathein, Taunggyi) attended over a Zoom link while the fourth (Nay Pyi Taw) attended in person. Ten […]
News • July 4, 2020
GGGI Morocco virtual launch event for the GCF Readiness project “Enhancing Access to Climate Finance in Morocco’s Regions”
Rabat, Morocco; June 24, 2020 – The Global Green Growth Institute (GGGI) in close collaboration with the Department of Environment within the Ministry of Energy, Mining and Environment and the Ministry of Interior organized a virtual launch event for the GCF Readiness project “Enhancing Access to Climate Finance in Morocco’s Regions”. The objective of the […]
News • June 22, 2020
Call for Concept Notes: Strengthening Uganda’s Engagement with the Green Climate Fund (GCF) through the Development of the GCF Country Programme Project Portfolio (2020-2023)
The GCF National Designated Authority (NDA) – Ministry of Finance, Planning and Economic Development of the Republic of Uganda (MOFPED) supported by Global Green Growth Institute (GGGI) is in the process of articulating the GCF -Uganda Country Programme and Project Portfolio within the framework of the Readiness and Preparatory Support Programme principally aimed at strengthening […]
News • June 2, 2020
As part of Papua New Guinea’s (PNG) first Readiness and Preparatory Support Project under the Green Climate Fund (GCF), GGGI organized a series of consultative webinars and training under the leadership and guidance of the Climate Change and Development Authority (CCDA). The three webinars focused on: Gender Mainstreaming Guideline for Climate Change Projects in PNG […]
News • May 26, 2020
What do ‘Paradigm Shift’ and ‘Climate Rationale’ Mean for the Green Climate Fund (GCF) Project Concept Notes
Over the past 6 months, the Global Green Growth Institute (GGGI) and the Fiscal Policy Agency, Ministry of Finance Republic of Indonesia as the National Designated Authority (NDA) Green Climate Fund (GCF) Indonesia has been working with E Co. to build the capacity of shortlisted project proponents from the inaugural NDA Call for Project Concept […]
News • March 27, 2020
Directing finance to where it is needed most Delivering inclusive growth while limiting climate change to 1.5°C will require the mobilization of finance at a historic scale. Over the next 15 years, it is estimated the world needs about USD 90 trillion in climate smart infrastructure – most of it in developing countries. Investing in […]