Presentation of Liane Schalatek, Heinrich Böll Stiftung, at the session 2 of the GCF Watch international webinar series "Gender, indigenous peoples and REDD+ within the GCF".

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Overview of Decisions and Discussions at GCF B.29
• B.29 ambitious agenda, most agenda items remained unopened
• Some discourse about the financial status of the GCF (commitment authority and status of
contributions)
• Discourse about the role of iTAP in preventing funding proposals from reaching the Board
• Decisions taken:
• 4 project/program proposals adopted, US$ 501 mio GCF funding
• 10 accreditation applicants approved, including SMBC; 2 re-accreditations approved
• Adoption of Integrated Results Management Framework IRMF after several days of
procedural wrestling (including controversial vote on whether options to determine
consensus have been exhausted – “vote on whether to vote”)
• Several crucial discussions/decisions postponed:
•Update to the accreditation framework, including PSAA
•Incremental and full cost methodology
•Policy on concessionality
•GCF support to adaptation
•Second performance review of the GCF

2. The Green Political
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Discourse about the financial status of the GCF
(commitment authority and status of contributions)
• Of GCF-1 pledged amount of USD 9.998 billion equivalent, 29 countries and 2 regions have
confirmed part or all of their GCF-1 pledges, amounting to USD 9.53 billion equivalent or 96 %
•GCF-1 project approvals so far ~ around 3.7 billion from B.25 to including B.29
•Before B.29, only US$ 1.13 billion left in commitment authority
•With current levels -- commitment authority would fall between B31-B.33 (2022) to USD 666
mio per meeting, with roughly USD 385 mio available per BM for projects. For B.34-B-37
(2023/24) roughly UD 911 per Board meeting available, with USD 792 Mio per meeting for
projects
•Adjusted timing Scenario (adjusting the timing of some contributions by moving 50% of
payments scheduled in December to September in 2022 only) -- improves commitment
authority/funding availability from B.33 onward through B.37 to about USD 701 bn per Board
meeting for projects; but B.31 and B.32 remain low at USD 407 million each for projects
•Additional contribution Scenario (USA or others contribute additional finance (scenario
assumes USA 1.25 bn contribution in Feb. 2022 and in Feb. 2023 each) -- with assumed US
contribution in 2022 and 2023 (early in the year), average commitment authority B.31 through
B.37 would be USD 1.6 bn per meeting total, with availability of funding for projects on average
USD 892 mio (although technically more in 2023 then in 2022)

3. The Green Political
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Discourse about the role of iTAP in preventing funding proposals from
reaching the Board

4. The Green Political
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Funding proposals adopted at B.29 – 4 total for US$ 501 million – FP165

5. The Green Political
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Funding proposals adopted at B.29 – 4 total for US$ 501 million – FP166

6. The Green Political
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Funding proposals adopted at B.29 – 4 total for US$ 501 million – FP167

7. The Green Political
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Accreditation decision B.29 -- 10 accreditation applicants approved,
including SMBC, with 2 re-accreditations
After B.29 – 113 accredited entities, 71 DAEs (57 NIEs, 14 RIEs) and 42 IAEs
• APL100 -- Sumitomo Mitsui Banking Corporation (SMBC), Japan -- MIE
• APL106 -- Development Bank of Philippines (DBP), Philippines – NIE (M)
• APL107 -- Development Bank of Zambia (DBZ), Zambia – NIE (M)
• APL108 -- Infrastructure Development Bank of Zimbabwe (IDBZ) – NIE (S)
• APL109 -- Moroccan Agency for Sustainable Energy (MASEN) – NIE (L)
• APL110 -- Vietnam Development Bank (VDB) – NIE (S)
• APL111 -- Korea International Cooperation Agency (KOICA), South Korea – NIE (S)
• APL112 -- Nacional Financiera Banca de Desarrollo (NAFIN), Mexico – NIE (M)
• APL113 -- Joint Stock Company TBC Bank (TBC), Georgia – NIE (M)
• APL114 -- Inter-American Institute for Cooperation on Agriculture (IICA) – RIE (S)
Re-accreditation applicants:
•RAPL021 – Agency for Agricultural Development of Morocco (ADA) – NIE (S)
•RAPL003 – Secretariat of the Pacific Environment Programme (SPREP) – RIE (M)

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Adoption of Integrated Results Management Framework (IRMF)
• long outstanding item; meant to replace exiting results management and performance
measurements frameworks for mitigation and adaptation into one integrated framework
measuring results and impacts (and linked up with Updated Strategic Plan)
• several contentious issues related to:
•How to measure paradigm shift
•Role of sustainable development and co-benefits discourse
•Assistance for DAEs to adjust to new framework (as part of RPSP, additional US$ 12 mio)
•Board’s role in seeing/approving Secretariat’s implementation guidelines handbook
•With progress stalled, procedural call (by US BM) to determine that all efforts at reaching
consensus have failed (= to open way for vote – first potential application on policy item)
• Co-Chairs determination that consensus was still possible; was challenged by developed
country Board members, pushing for a “vote on whether to vote”
•Legal wrangling; not clear and contention if this was intended/covered by Board decision setting
up voting procedure (decision B.23/03); this included vote (rejected challenge to co-chairs
determination 12 : 8 with 4 abstentions).
• With further small group work, negotiated consensus on critical issues, but with strong
objections from several developing country BMs (African Group) on procedure.

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On the agenda, but not opened -- crucial discussions/decisions postponed:
• Update to the accreditation framework, including Project-Specific Assessment Approach (PSAA)
• Matters related to the investment framework (for information)
• Incremental and full cost methodology (Inf)
• Policy on concessionality (Inf)
• GCF support to adaptation (Inf)
•Matters related for evaluations
• Second performance review of the GCF
• Review of the terms of reference for the Independent Evaluation Unit (IEU)
• Evaluations by the IEU (including rapid assessment of Request for Proposals, RfPs)
 Expectation of further increase of decisions-between-meetings (BBMs) (including 10th Report
of the GCF to the COP of the UNFCCC)