If this Giant Must Walk: A Manifesto for a New Nigeria
Global Climate Finance
1. International climate finance
architecture
WACDEP Global Technical Coordination Workshop
Regional Days 2014, Port of Spain - Trinidad
Maika Mueller, WACDEP Programme Assistant
Tuesday 24 June 2014
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2. 1. Objectives
• What is the current climate finance landscape?
• What are the access modalities to climate finance?
• How does the project cycle for funding requests look
like?
• What are the opportunities available for building water
security?
• How can GWP access these funds?
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5. 3. Global Environmental Facilities (GEF)
• Established in 1991 to provide grants for projects for
biodiversity, climate change, international waters, land
degradation, the ozone layer, and persistent organic
pollutants
• Provided USD 12.5 billion in grants and leveraged USD
58 billion in co-financing for 3,690 projects in 165
developing countries
• GEF administers the LDCF and SCCF
Recently: GEF launched new strategy (GEF2020) –
pledged USD 4.43 billion over next four years
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6. 3.1. The Special Climate Change Fund (SCCF)
• Established in 2001 (COP 7) to support adaptation and
technology transfer in all developing country parties to
the UNFCCC
• Two active funding window: Adaptation window (USD
201.75 million/50 projects) and Technology Transfer window
(USD 40.50 million/ 8 projects), (66 countries in total)
• Adaptation activities: water resources management, land
management, agriculture, health, infrastructure
development, fragile ecosystems, and coastal zone
management
• Recently: Scope expanded to non-LDCS to support
preparation of NAPs process
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8. 3.3. Least Developed Countries Fund (LDCF)
• Established in 2001 (COP 7) to finances the preparation
and implementation of NAPAs/NAPs in response to urgent
and immediate adaptation needs in LDCs
• Strengthening Climate Resilient in sectors/resources
such as water; agriculture and food security; health;
disaster risk management and prevention; infrastructure;
and fragile ecosystems
• To date, 51 LDCs have accessed USD 12.20 million
• Recently: Scope expanded to non-LDCS to support
preparation of NAPs process
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10. 3.5. Access Modalities and Project Circle
The application for funding has to be submitted through a
selected GEF Agency (ADB, AFDB, EBRD, FAO, IDB,
IFAD, UNDP, UNEP, UNIDO, World Bank)
LDCF/SCCF differentiate between two ways of funding
request:
1. Full-sized Projects (FSP) (over USD 1 million)
2. Medium-sized Project (MSP) (as of or above USD 1
million)
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11. 3.6. Criteria for Approval
1. Basic project idea: Business-as-Usual (BAU) development for
the targeted sector, climate change vulnerabilities and specific
adaptation activities
2. Project response to country priority: identified in national
communication, programmes, policies, NAPA/ NAPs
3. Implementation setup: Who will implement the project and
how?;coordinated with related projects to avoid duplication?
4. Indicative budget and co-financing
5. Monitoring and Evaluation Framework
6. Strategic Results Framework
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12. 4. The Adaptation Fund (AF)
• Established in 2007 to finance the full costs of country-
driven adaptation projects/programmes to increase climate
resilience
• Projects focus and distribution of funds:
water management, agriculture and food security
(19%/18%), disaster risk reduction (13%), coastal zone
management (12%)
• To date, USD 225 million provided for 34 countries
Recently: new fundraising target of USD 80 million for
2014/2015
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13. 4.1. Adaptation Projects under AF
Adaptation project/programme is defined as a set of
activities aimed at addressing the adverse impacts of and
risks posed by climate change
• produce visible and tangible results on the ground by
reducing vulnerability
• increase the adaptive capacity of human and natural
systems to respond to the impacts of climate change
• at community, national, regional and transboundary level
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14. 4.2. Access Modalities
1. Direct Access:
• Developing countries can nominate domestic institutions for
accreditation as NIEs
• Endorse proposals from their countries, and direct recipients of
funding
2. Regional Implementing Entities (RIE)
• Countries can submit project proposals through officially registered
RIE
3. Multilateral Implementing Entities (MIE)
• International Organizations (UNDP, WMO, AfDB, Worldbank, etc.)
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15. 4.3. Project Circle
Similar to LDCF/SCCF adaptation activities are differentiate
between two categories:
1. Small-size projects/programmes (up to USD 1 million);
2. Regular projects/programmes (over USD 1 million)
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16. 5. Green Climate Fund (GCF)
• Fund will plays a key role in channeling “a significant
share of new multilateral funding for adaptation projects”
• Expected to be fully operationalized by end of 2014
• Precise volume of finance is still unclear
• 50:50 balance between mitigation and adaptation
• Should build on experiences and lessons learned from
the CIF,GEF, AF, UNFCCC programmes (indicators, tools,
procedures)
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17. 5.1. Initial Results Management Framework
Paradigm shift towards to “increased climate-resilient
sustainable development”
Four strategic-level impacts:
1. Increased resilience and enhanced livelihoods of the
most vulnerable people, communities and regions;
2. Increased resilience of health and well-being, and food
and water security;
4. Increased resilience of infrastructure and the built
environment to climate change threats; and
4. Improved resilience of ecosystems.
Align with country-priorities identified in NAPs process
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18. 4.1. Initial Results Management Framework
Project/programme level outcomes for adaptation:
1) Strengthened government institutional and regulatory
systems for climate-responsive development planning;
2) Increased generation and use of climate information in
decision-making;
3) Strengthened adaptive capacity and reduced exposure
to climate risks;
4) Strengthened awareness of climate threats and risk-
reduction processes;
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19. 5. How can GWP access these funds?
• All funds provide funding windows for projects aim at
strengthening climate resilient in the water sector
GEF - LDCF/SCCF:
• UNDP/ GEF and GWP signed MoU to collaborate on
climate change adaptation under GSP-NAP
AF:
• Raise funding through RIE and MIE (UNDP)
GCF:
• GWP is accrediated as observer. Next step: accrediation
as an Implementing Agency
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20. 6. Discussion
• What are your experiences with raising funds? What
have RWP done in this field?
• What are challenges/ bottlenecks you experience?
• How can GWP maximize opportunities and move
forward?
More information: www.climatefinanceoptions.org
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