Climate Finance – the IEA estimates that USD 5 trillion are needed for clean tech
2020 5 TRRILLION (IEA – for clean tech alone)
USD$224bn private sector USD$135bn public sector 69% bilateral channels 31% multilateral channels
Source: CPI Global Landscape of Climate Finance 2013
Multilateral Climate Funds
›Green Climate Fund (GCF) – initial capitalisation expected by Dec. 2014 (in the billions).
›Adaptation Fund (AF) USD 169 million
›Climate Investment Funds (CIFs) USD 8 billion pledged
›Clean Technology Fund (CTF) USD 5.3 billion
›Strategic Climate Fund (SCF)
›Scaling Up Renewable Energy Programme (SREP) USD 551 million
›Pilot Programme for Climate Resilience (PPCR) USD 1.3 billion
›Forest Investment Programme (FIP) USD 639 million
›Forest Carbon Partnership Facility (FCPF) USD 825 million
›Carbon Fund (FCPF-CF) USD 465 million
›Readiness Fund (FCPF-RF) USD 360 million
›GEF Trust Fund (GEF 5 – USD 4.34 billion) (GEF 6 – USD 4.43 billion )
›Special Climate Change Fund (SCCF) – technology and adaptation windows USD 333.1 million pledged
›Least Developed Countries Fund (LDCF) – NAPAs development and implementation – USD 879.8 million
›UN-REDD – USD 195.7 million
The Green Climate Fund
›The GCF will promote the paradigm shift towards low emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change.
›The Fund will pursue a country-driven approach and promote and strengthen engagement at the country level through effective involvement of relevant institutions and stakeholders.
›The Fund will provide support through the adaptation and mitigation windows and the private sector facility.
›The Fund will initially use grants and loans to support mitigation and adaptation activities.
›The fund will initiate operations through accredited national, regional and international implementing entities and intermediaries.
Initial result areas of the Fund
(a) Design and planning of cities to support mitigation and adaptation;
(b) Energy efficiency of buildings and appliances;
(c) Energy efficiency of industrial processes;
(d) Low‐emission transport;
(e) Low‐emission energy access;
(f) Small‐, medium‐ and large‐scale low‐emission power generation;
(g) Sustainable land use management to support mitigation and adaptation;
(h) Sustainable forest management to support mitigation and adaptation including afforestation and reduction of forest degradation;
(i) REDD+ implementation;
(j) Adaptation activities to reduce climate‐related vulnerabilities;
(k) Selected “flagship” activities cutting across adaptation result areas;
(l) Readiness and capacity building for adaptation and mitigation activities;
(m) Scaling up of effective community‐based adaptation (CBA) actions; and
(n) Supporting the coordination of public goods such as “knowledge hubs”.
Project/programme proposal approval process
Call for proposals
•Technical assessment panel
Analysis and recommendations
Initial criteria – proposals will need to address.
2.Paradigm shift potential
4.Needs of the recipient
6.Efficiency and effectives