The Green Climate Fund is the climate financing mechanism of the United Nations Framework Convention on Climate Change (UNFCCC). It was created in 2010 to help developing countries respond to the climate challenge and to promote a global shift to low-emission and climate-resilient development pathway.What kind of projects will the Fund support?
The GCF will support projects that will contribute to its strategic impact areas (Box 1) and those that will sufficiently meet its investment criteria including country ownership, impact potential, paradigm shift potential, sustainable development potential, responsiveness to clients’ needs and, efficiency and effectiveness.What types of funding and support does the GCF provide?
GCF has various funding windows, including:
National government agencies, private entities, local government units, and civil society organizations, among others, can access the Fund through GCF-accredited entities insert link to OUR ACCESS: Direct Access Entities) which will submit funding proposals for climate change adaptation and/or mitigation projects to the GCF. Non-accredited entities may still engage with the Fund if they partner with accredited entities for projects.Is there an easier way to access the Fund?
Yes, the GCF has piloted the Simplified Approval Process Pilot Scheme (SAP) for smaller-scale projects. To qualify for the SAP, projects must: 1) have the potential for scaling up; 2) must require no more than USD 10 million in funding; 3) have minimum social and environmental risks.Is there a limit to the amount an organization can access for a project?
GCF funding can be any of the following:
The maximum amount of funding that can be accessed depends on the approved accreditation status of the Accredited Entity. LANDBANK, the only direct access entity accredited in the Philippines to date, can handle up to medium-scale projects.Does the GCF provide help in preparing project proposals?
Yes, the GCF has a Project Preparation Facility (PPF) which supports project and program preparation costs for all accredited entities. To access this, a PPF request should be submitted by an accredited entity to firstname.lastname@example.org with the following documents: PPF application form, Project Concept Note, and a No Objection Letter from the national designated authority.
The Climate Change Commission is the National Designated Authority in the Philippines. As such, it ensures that all project proposals are aligned with the country’s national sustainable development objectives; issues the no-objection letter for funding proposals submitted to GCF; and nominates direct access entities for accreditation.What are the steps for submitting a funding proposal?
The issuance of the No Objection Letter for a funding proposal to be submitted to the Climate Change Commission (CCC) follows the No Objection Procedure of the CCC. Here is a step-by-step guide to submitting a funding proposal.
It is important to emphasize that a project proponent and/or accredited entity should submit the concept note to CCC for endorsement to GCF. While at the global level, project proponents and/or AEs can directly submit Concept Notes to GCF, the No Objection Procedure of the Philippines prescribes that all concept notes pass through CCC to ensure country ownership, avoid project design overlaps, and receive strategic direction and guidance.When and where can we submit a Concept Note and/or Funding Proposal?
Submission of concept notes and/or funding proposals can be done anytime. All concept notes and funding proposals can be submitted here.Which reference can we use in developing project ideas for a Concept Note and/or Funding Proposal?
The Country Programme serves as the primary reference for the development of priority projects/programmes for GCF funding.
Yes. With the Philippines being considered a middle-income country in development work arena, funding proposals from the country are expected to be supported by co-financing.Are there written policies on co-financing for GCF?
To date, GCF has not issued any written policies on co-financing yet. Essentially, however, non-related costs of a project should be provided by co-financing. Co-financed resources are considered part of the whole funding proposal and are seen as country commitments and strategic partnerships for project implementation.Is there a minimum amount of co-financing for a project?
To date, no written policy on this has been released yet by GCF. The assessment of necessary co-financing for projects are undertaken on a case by case basis, or depending on the project design, financial structure/mix being proposed, and type of funding window being accessed.
As of March 2019, the only accredited direct access entity (DAE) of the country is the Land Bank of the Philippines.
The Development Bank of the Philippines (DBP) and Foundation for the Philippines (FPE) (Provide link to OUR ACCESS: DBP and FPE sub-pages) have also been nominated as DAEs and are completing their Stage 1 accreditation requirements, as of March 2019.Who will monitor approved projects?
Accredited Entities, such as Direct Access Entities, are responsible for monitoring GCF-supported projects and reporting their progress in meeting the GCF’s investment criteria. The CCC as the NDA will also develop and implement a Monitoring and Evaluation system for all GCF-funded projects. Know more about project implementation here.