At a Glance
|Start Date||Q1 20190215|
|End Date||q3 20190831|
|Funding Source||Earmarked, Core|
|Actual Budget (USD)||18,260|
|Actual Expenditure (USD)||17,806.11|
|GGGI Share (USD)||8,883.36|
|Poverty and Gender Policy Markers||poverty|
|Name of Client (Lead/Prime implementer if GGGI is part of a consortium)||Fiji Development Bank|
|Participating Organization (Funding/donor)||Fiji Development Bank|
|Name of consortium members, if any|
Project context, objectives and description
As a new DAE to the GCF, Fiji Development Bank has limited experience and capacity in climate finance. The project addresses the challenges of developing a first project pipeline, developing a concrete project concept which can be submitted and discussed with GCF, while at the same time providing some support on in-house capacity building to improve knowledge of the procedures of GCF and of the climate finance environment.
The project objective is to increase mobilization of climate finance for the accomplishment of Fiji NDCs through support to the Fiji Development Bank. This will be achieved through 3 intermediary objectives i.) Supporting finalization of a concept note on “Promoting Decarbonization of public bus transport in Fiji, pilot programme” by being the focal point for FDB, ii.) Supporting the selection of a suitable GCF financing modality (SAP, EDA, FP, PPF), iii.) Assisting in the process to allow FDB to develop and have approved its Accredited Entity programme.
The project consisted of a secondment of a GGGI Fiji Green Finance Specialist to the Fiji Development Bank for 2 days a week for 6 months. This enabled the GGGI staff to work closely with FDB staff and ensure transfer of information and knowledge on GCF. This project is aligned with IO2. Increased green growth investment flows which enable partner governments to implement green growth policies
Type of services provided, and results achieved
Impact: The Government of Fiji has a higher rate of accomplishment of its SDGs and NDC targets.
- Increased mobilization of climate finance for the accomplishment of Fiji NDCs through support to the Fiji Development Bank, a National Accredited Entity to GCF.
Project Outputs completed in 2019:
i. Green Growth Policies: N/A
ii. Green Investments:
- Supporting FDB in submitting 1 SAP CN to GCF
- Project pipeline development supported (Entity Work Programme submitted to GCF)
iii. Capacity Building and Knowledge Products:
- 1 capacity building activity for FDB staff members, training on climate finance.
Number of staff provided
Project Manager: Katerina Syngellakis
Lasse Ringius, Roxane Castelein, Charlotte Chow
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 […]
News • July 22, 2020
Suva, Fiji – 22 July 2020 – Fiji’s Department of Energy today held an inception workshop to kick-off the development of the country’s new National Energy Roadmap and SDG7 Roadmap. Organized in partnership with the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Global Green Growth Institute (GGGI), the […]