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 6, 2022
Fiji Secures Technical Assistance Support from The Green Climate Fund to Strengthen Access to Climate Finance
On August 2, 2022 – Fiji has secured a second “Readiness and Preparatory Support Programme” (Readiness Programme) Funding support project from the Green Climate Fund (GCF). The project, “Enhancing Direct Access to Climate Finance in Fiji-Phase 2”, focuses on supporting the Ministry of Economy, the Fiji Development Bank, Line Ministries, the private sector and non-government […]
News • June 30, 2022
Roundup: Development of a climate finance project pipeline for the Regional Project Execution Agency in the region of Tangier (AREP)
Tangier on June 16th , 2022 and within the framework of the GCF Readiness program “Improving Access to Climate Finance in the Regions of Morocco” initiated by the Ministry of the Interior in collaboration with the GGGI and financed by the Green Climate Fund (GCF), a capacity building workshop was held with the aim to […]
News • May 31, 2022
In December 2021, GGGI concluded a project supporting Vanuatu’s Ministry of Finance and Economic Management (MFEM) to mobilize climate finance. The project was delivered using GCF Readiness and Support funds during the midst of the COVID-19 pandemic. The objective of the project was to enable Vanuatu to progress towards directly mobilizing and accessing climate finance. […]
News • May 16, 2022
Abidjan, May 10, 2022. Ms. Helena McLeod, Deputy Director General of the Global Green Growth Institute (GGGI and Mr. Ibrahima DIOUF, Special Advisor representing the President of the West African Development Bank (BOAD) and), signed a memorandum of understanding on the sidelines of the COP15 on desertification held in Côte d’Ivoire. This partnership framework will […]
News • March 22, 2022
SUVA, FIJI – 18 March 2022 – Attorney-General of Fiji Aiyaz Sayed-Khaiyum launched the redesigned Fiji Climate Change Portal and the new National Designated Authority Portal at Suvavou House. The Attorney-General highlighted the new portal’s effectiveness in bringing the data of Fiji’s climate action effort into the digital age by mapping new adaptation and mitigation […]
News • January 12, 2022
Suva, Fiji, 13 December 2021 – For the first time since Covid-19, the Fiji Development Bank (FDB) held two ‘in-person’ training workshops. The workshops strengthened participants’ understanding of the FDB Climate & Eco Finance Strategy as well as the GCF processes and requirements to successfully develop climate finance projects. These workshops form part of a […]
News • November 24, 2021
Vientiane Capital, Lao PDR, November 18, 2021. The Global Green Growth Institute (GGGI) and the Ministry of Natural Resources and Environment (MONRE) co-hosted an event to discuss the role of the private sector in addressing solid waste in Lao PDR. Organized as part of broader set of initiatives on private sector engagement in green growth and climate change, […]
News • November 16, 2021
Uganda at COP26: Uganda’s Approach at Greening the Economy Despite all the ongoing debates and negotiations, the question that lingers in many peoples’ minds is: “What do all these discussions and agreements mean to the ordinary citizen who is struggling to cope with the changing weather, seasons, losses and damages to their crops, death of […]
News • November 9, 2021
Kigali, Rwanda ,the High Level Business Meeting on increasing industrial profitability and driving the Circular Economy agenda in Rwanda was lead by National Industrial Research & Development Agency (NIRDA) of Rwanda and Rwanda Cleaner Production and Climate Innovation Centre. supported by the Global Green Growth Institute (GGGI) Rwanda and Rwanda Environment Management Authority (REMA) through […]
News • November 5, 2021
Technical Training Workshop on the National Adaptation and Preparatory Support for Building Flood Resilience Capacities in Rwanda
In Muhanga Satellite City/Southern Province of Rwanda from October 12-13 2021 – The Global Green Growth Institute (GGGI) held a Technical Workshop on National Adaptation and Preparatory Support for Building Flood Resilience Capacities in Rwanda with the aim of building the capacity of the sub-national technical staff in terms of technical studies and findings of […]
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 • 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 […]
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 7 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, over 30 countries have requested GGGI as Readiness Delivery Partner and received approval to implement readiness projects in 26 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 USD 247 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.
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