Embed Size (px)
Citation preview
Climate Change Financing in the Caribbean
Dr. Donneil CainProject Development Specialist, Caribbean Community Climate Change Centre
Financial Partners for Climate Action
2
Partnership with Governments Italy Hellenic Republic of Greece United Kingdom Australia Germany Japan Republic of China (Taiwan) European Union United States
Introduction to the Green Climate Fund (GCF)
A review of the GCF processes and procedures
Overall Objectives of the Fund1. To make a significant and ambitious contribution to the
global efforts towards attaining the goals set by theinternational community to combat climate change
2. To contribute to the achievement of the ultimateobjective of UNFCCC and serves the Paris Agreement
3. In the context of sustainable development, to promotethe paradigm shift towards low-emission and climate-resilient development pathways
The Fund
Source (chart): GCF website /infographics (14 November 2017)
NDA and Accredited Entities • National Designated Authority (NDA)
represents the interests and priorities of the country when providing “non-objection” letter
• Accredited entities: Countries can work through various implementing entities – international, regional, national, or sub-national
• Entities applying for accreditation with GCF need to fulfil the Fund’s fiduciary standards and environmental and social safeguards (ESS)
Source: CDKN 2017
Entities’ Role and Responsibilities
Source: Chart taken from GIZ, 2017. Guidebook: Writing a Green Climate Fund Funding Proposal (p. 13)
Financial Products
Source: Nodalis Counseil, 2018 in GCF, 2018a
Key Funding Proposal Components
GCF Investment Criteria
Source: GCF 2017a
GCF Programming Approach
CCCCC Accreditation to GCFA review of CCCCC’s accreditation to the GCF
Accreditation to GCF
CCCCC Accreditation to GCF
CCCCC
Environmental and Social Risk Categories
CCCCC Accreditation to GCF: Modalities READINESS PROPOSALS
NATIONAL ADAPTATION PLANS
PROJECT PREPARATION FACILITY PROPOSALS
SIMPLIFIED FUNDING PROPOSAL
FUNDING PROPOSAL18
Readiness Support and Preparatory Support
Readiness Support • Strengthening country capacity• Engaging stakeholders in
consultative processes• Realizing direct access• Providing access to finance• Mobilizing the private sector
US$1Mn cap per country per year
National Adaptation Planning
• Adaptation planning governance and institutional coordination
• Evidence basis produced to design adaptation solutions for maximum impact
• Private sector engagement in adaptation catalyzed
• Adaptation finance increased
US$3Mn cap per country (not per year)
Project Preparation Facility (PPF) • What is Project Preparation Facility (PPF)
• To support project and programme preparation, especially formicro and small sized projects.
• US$1.5 million• 2 year to submit project to the GCF
• A PPF request should be submitted by an Accredited Entity to [email protected]• Required documents:
• PPF application form• No-objection letter for PPF• Project idea (Concept note, or Funding Proposal, or Annex of PPF application from)
• What is assessed?• Aligned with GCF investment criteria• Justification of PPF needs• Activities for funding proposal development• Budget and implementation plan
Simplified Approval Process (SAP)• The simplifications are two-fold:
i. The application process is simpler, requiring fewer pages and easier form-filling. ii. The review and approval processes are streamlined.
• Projects or programmes are eligible for the SAP if they meet three main eligibility criteria:
1. Ready for scaling up and having the potential for transformation, promoting a paradigm shift to low emission and climate-resilient development;
2. A request for financing to the GCF of up to USD 10 million of the total project budget; and
3. The environmental and social risks and impacts are classified as minimal to none.
• Over time, projects from Direct Access Entities should constitute at least 50 percent of the SAP portfolio.
GCF Funding Proposal
Funding Proposal Project documentation:
• Completed GCF Funding Proposal Template • No-objection from the country NDA(s)• Feasibility study -> providing rationale for proposed design,
structure & costs• Procurement plan, budget breakdown• Environmental and social impact assessment• Gender assessment and analysis• Risk assessment• Logic framework• Stakeholder consultations
Readiness and Preparatory Support ProjectsCCCCC is the delivery partner for the following: St. Lucia Readiness SupportBahamas Readiness Support I &II Belize Readiness Support I & IIGrenada Readiness Support Haiti Readiness Support Guyana Readiness Support (completed)Arundo Donax Renewable Bio-mass Fuel for Belize
Funded Projects in the Caribbean Project name Countries Entity GCF Amount
(USD, MM) Theme Access modality
Sustainable Energy Facility for the Eastern Caribbean
Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, andSaint Vincent and the Grenadines
IDB 80.00 Mitigation International
GEEREF NeXt International - Barbados, Comoros, Mauritius, Papua New Guinea, Bahamas, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Saint Vincent and the Grenadines, Suriname, Saint Kitts and Nevis
EIB 265.00 Mitigation International
Climate Resilient Water Sector in Grenada (GCREWS)
Grenada GIZ 42.20 Adaptation International
Water Sector Resilience Nexus for Sustainability in Barbados (WSRNS Barbados)
Barbados CCCCC 27.60 Cross-cutting Direct access (regional)
Integrated physical adaptation and community resilience through an enhanced direct access pilot in the public, private, and civil society sectors of three Eastern Caribbean small island developing states
Antigua and Barbuda,Dominica, Grenada
DOE_ATG 20.00 Adaptation Direct access (national)
CCCCC Entity PortfolioProject Preparation Grant: The R’s (REDUCE, REUSE AND RECYCLE) for Climate
Resilience Wastewater Systems in Barbados (3R-CReWS)Enhanced Direct Access (EDA) Proposal: Enhancing Coastal Protection for
Climate Change Resilience Project (Sub-Regional Project)Simplified Approval Process (SAP) Funding Proposal: Mainstreaming Coral Reef
Resilience and Restoration as an Ecosystem-based Adaptation Strategy to Climate Change in the Caribbean Region (MACREAS) Project (Sub-Regional Project)Full Funding Proposal: Arundo Donax Renewable Bio-mass Fuel for Belize (AD
ReFuel)SAP: Concept Note: Water is Life - Actions and Tools for Enhancing Resilience in
upper Watershed-Communities in Jamaica (WATERSHED)SAP: Concept Note: Building the Adaptive Capacity of Sugarcane Farmers in
Northern Belize (BAC-SuF)SAP Concept Note: Establishing Climate Change Resilient Models in Target
Communities Across Rural Belize.
Resources Needed
27
Concept Note
Full Funding Proposal
Approval
1. Building that Climate Change Case: Scientific research is critical.
2. Human Capacity: Workshops and hand-holding National/Regional Partnership/Core Team GCF technical review and support
3. Financing Co-financing Accreditation Project Management Cost vs Accreditation
Fees 4. Champions for the cause
Features of Successful Proposals• Analysis of ITAP evaluations of recently approved SIDS
proposals (Impact Project):• Multifaceted, cross-cutting results • Explicit contribution to SDGs and NDCs• Clear measurable results• Sustainability of results (education component)• Robust methodologies and technical/scientific background• Innovation in the country’s context• Articulated theory of change • Gender specific targets• Benefits to Base of the Pyramid (BoP) beneficiaries• Demonstrable ownership• Co-financing (bilateral, other funds, private sector) and use of
revenuesSource: Laetitia De Marez, Mahlet Melkie, 2017. Climate Analytics. Impact Inception workshop
Programme Development and Management Unit
29
Project Development and Management
Unit (PDMU)
Project Management Project Development Economic and Social Impact Unit
The Regional Framework and Implementation Plan The Regional Framework is to:“Establish and guide the Caribbean’sdirection for the continued building ofresilience to the impacts of global climatechange”.Articulates the strategic direction for theregion’s response to climate change risks.
The Implementation Plan (IP) for the Regional Framework, defines the regional strategy for coping with Climate Change over the period 2012-2022
Implementation of the IP
31
UG
CCCCC
UB
CARDI
UWI CIMH
CDEMA
CARPHA
INSMET
Bilaterally
