Enabling access to climate finance: knowledge transfer, networking and innovation
Project description
Title: Partnering for Readiness
Commissioned by: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (self-initiated measure)
Co-funded by: Green Climate Fund (GCF)
Country: Global
Overall term: 2020 to 2024
Context
The Green Climate Fund (GCF) is the financing mechanism of the United Nations Paris Agreement. It supports partner countries in implementing their Nationally Determined Contributions (NDCs). For the funding to be effective, partner countries and their institutions must be ready to manage the funds efficiently and put them to good use.
To achieve this, a Readiness Programme is developing capacities in partner countries and facilitating their access to GCF resources. This has already enabled a large number of national institutions to gain direct access to the GCF’s climate funding. However, Direct Access Entities (DAEs) currently only implement around one-fifth of GCF funding in partner countries, whereas international development partners manage the majority of funding. For the GCF to be a successful joint instrument, the partner countries and their institutions must have independent access and be able to implement climate funding.
Objective
National institutions in partner countries are empowered to plan climate funding strategically, develop projects and deploy resources from the Green Climate Fund effectively.
Approach
The project improves the partner countries’ possibilities for setting up structures to implement climate projects independently and reaching their climate targets. It is implementing projects in Thailand, Morocco and the Maldives and also supports a multi-country approach.
The project also serves as a knowledge and innovation lab, supports international networking and promotes learning from each other, for example by:
- Developing training for national actors and institutions
- Promoting the exchange of experience and learning
- Preparing studies and knowledge products
The project is also in close contact with the GCF and contributes to developing the Readiness Programme through cooperation arrangements and regular exchange formats.
Last update: August 2022