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 USD 2 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.
Currently, 29 countries have requested GGGI as Readiness Delivery Partner and received approval to implement readiness projects in 25 countries. While GGGI is not an accredited entity, we have been working with our partner governments to develop funding proposals for submission to the GCF. The goal of the readiness work is, of course, for countries to access GCF’s climate finance, and GGGI is very pleased to have helped develop eight funding proposals, five of which have already been approved (for Ethiopia, Rwanda, Fiji, Indonesia and Mongolia) worth over USD 246 million. GGGI has done this through institutional support to national DAEs, technical support on concept development, and conduct of feasibility studies. Four of five funding proposals approved by the GCF were developed with national DAEs.
PY01 Strengthening Paraguay’s Capacity to Access Climate Finance Through DAEs Nomination, Sub-national Climate Finance Roadmap Development and Pipeline Strengthening
|Start Date||Q4 2020|
|Actual Budget (USD)||499,995|
CO07 Direct Access Entity Support and Sustainable AFOLU Pipeline Development in Colombia
|Start Date||Q4 23 November 2020|
|Actual Budget (USD)||377,822|
CI01 Supporting Direct Access in the Republic of Côte d’Ivoire
|Start Date||Q4 2019|
|Actual Budget (USD)||119,784|
RW20 GCF Readiness Support to Capacitate Rwanda’s Sub-National Level Actors in Green Growth and Climate Resilience
|Start Date||Q1 05-07-2020|
|Actual Budget (USD)||699,940|
RW17 GCF National Adaptation Plan (NAP) Readiness and Preparatory Support for Building Flood Resilience Capacities in Rwanda
|Start Date||Q1 03-01-2020|
|Actual Budget (USD)||1,823,993|
News • September 8, 2021
Las Entidades de Acceso Directo (o DAEs, por sus siglas en inglés) son clave para la arquitectura de financiamiento climático. Para el caso específico del Fondo Verde para el Clima (FVC), son las instituciones mediante las cuales otros actores nacionales comprometidos con los Acuerdos de París pueden obtener recursos, a través de diferentes instrumentos financieros, […]
News • August 16, 2021
GGGI delivers a Capacity Strengthening Workshop on Mainstreaming Climate-Resilient Green Growth into Provincial Plans and Budgets, in Enga Province, Papua New Guinea (PNG)
Enga Province was the third pilot province to hold a capacity strengthening workshop on mainstreaming Climate Resilience and Green Growth (CRGG). Global Green Growth Institute delivered the workshop in Wabag under the leadership and guidance of the Enga Provincial Administration and Papua New Guinea’s Climate Change and Development Authority (CCDA). The target audience for the […]
News • July 1, 2021
Burkina Faso GCF – Readiness Program: national consultations on the direct access entity accreditation process and the Private Sector engagement.
Koudougou, Burkina Faso – On June 17 -24, GGGI in collaboration with the Green Climate Fund National Designated Authority organized consultation to raise national stakeholders’ awareness on climate finance opportunities, facilitate the ownership of the accreditation process of direct access entities to the Green Climate Fund (GCF). These sessions were held within the framework of […]
News • May 17, 2021
On April 26, 2021, the Global Green Growth Institute (GGGI) Ethiopia Office and SouthSouthNorth (SSN) in collaboration with the Ministry of Finance (MoF) and Environment Forest and Climate Change Commission (EFCCC) of Ethiopia organized the first meeting of the Community of Practice (CoP) Gender Equality and Social Inclusion (GESI) on Climate Change in Bishoftu, Ethiopia. […]
News • May 16, 2021
Kigali, Rwanda ,16th May , 2021 What is the Green Climate Fund looking for when it comes to designing project concept notes? Over the last six weeks, E Co. has delivered training to participants in Rwanda with the aim of answering this question, including local government, NGOs, and private sector actors. The training was delivered […]
News • May 6, 2021
On 20th April 2021, the Global Green Growth Institute (GGGI) supported the Fiji Ministry of Economy to host a Pacific GCF Accredited Entities Roundtable which had a hybrid in-person and virtual format with two panels consisting of ten speakers from around the Pacific as well as dedicated time for questions and answers. The Fiji Ministry […]
News • April 20, 2021
Kigali, Rwanda on 20th April 2021, the National Fund for Environment -FONERWA and the Global Green Growth Institute (GGGI) have signed a Memorandum of Understating (MoU) which aims to strengthen both parties’ further collaboration and cooperation in different areas. These include collaboration on the technical support towards the implementation of large-ticket-sized adaptation and mitigation […]
News • April 13, 2021
Ouagadougou, April 2, 6-9, 2021, the Global Green Growth Institute (GGGI), in collaboration with the National Designated Authority (NDA), organized a training workshop on climate project preparation and management in the framework of the Readiness program entitled “Support for Accreditation of Direct Access Entities, Pipeline Development and Private Sector Mobilization in Burkina Faso”. The workshop, […]
News • March 23, 2021
Consultation Workshop on a GCF concept note and PPF validation on E-mobililty, zero emission and non motorized transportation in Cote d’Ivoire
On March 16, the Global Green Growth Institute, the West African Development Bank (BOAD), and the Ministry of Environment and Sustainable Development (MINEDD), under the Green Climate Fund (GCF) readiness program, organized a Consultation Workshop on a GCF concept note and PPF validation on E-mobility, Zero Emission and Non-Motorized Vehicles in Cote d’Ivoire. The objective […]
News • March 22, 2021
March 5, 2021 – The Global Green Growth Institute and Ministry of Finance (MoF), under the GCF readiness project, organized a one-day NDA engagement workshop on draft concept notes prepared for GCF in Adama, Ethiopia. The workshop was a continuation of a series of events organized as part of the GCF readiness capacity building support […]
News • March 5, 2021
GGGI delivers capacity building training for the MoCC on Developing Funding Proposals to the Green Climate Fund
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 […]
News • January 26, 2021
On December 9th, Jordan’s Ministry of Environment, the National Designated Authority to the GCF, held its 1st private sector workshop on climate change under the Jordan GCF Readiness Project. The workshop presented a unique opportunity to enhance engagement and dialogue between Government stakeholders, development partners, investors in critical sectors, and project developers seeking climate finance. […]
News • December 3, 2020
GGGI delivers second capacity building training for the MoCC on accreditation to the Green Climate Fund
On Wednesday, 25 November 2020, the Global Green Growth Institute (GGGI) delivered the third in a series of capacity building trainings for the Government of Vanuatu on accreditation to the Green Climate Fund (GCF). Held at the Melanesian Hotel in Port Vila, the targeted audience of the capacity building training were officials from the Prime […]
News • December 1, 2020
The Global Green Growth Institute (GGGI), Vanuatu Business Resilience Council (VBRC), Vanuatu Chamber of Commerce and Industry (VCCI), in partnership with the Ministry of Climate Change Adaptation, Meteorology, Geo-Hazards, Environment, Energy and Disaster Management, have officially launched the Vanuatu Business Resilience Training Handbook, Toolkit and Technical Brief Series. The launching was held on Wednesday 25 […]
News • November 27, 2020
2nd Workshop on the engaging the private sector in building flood resilience capacities under the GCF NAP
26th November , Kamonyi district ,Southern Province, in Rwanda. The Global Green Growth Institute and Rwanda Environment Management Authority (REMA) co-organised the second GCF NAP workshop on engaging the private sector in building flood resilience capacities held in Kamonyi with stakeholders from the Kamonyi District office, Executive of Kamonyi , Rwanda Environment Management (REMA) ,Rwanda […]
News • November 8, 2020
GGGI delivers second capacity building training for the MoCC on accreditation to the Green Climate Fund
On Friday, 23 October 2020, the Global Green Growth Institute (GGGI) delivered the second in a series of capacity building trainings for the Government of Vanuatu on accreditation to the Green Climate Fund (GCF). Held at the Melanesian Hotel in Port Vila, the targeted audience of the capacity building training were officials from the Ministry […]
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 […]
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