Accreditation is a pre-requisite for all entities to access GCF funds. It is a process that requires each entity/institution to demonstrate its ability to manage the GCF’s resources in accordance with the standards and criteria set by the Fund. An entity’s eligibility for accreditation is based on three criteria i.e. fiduciary standards, environmental and social safeguards and gender policy.
An entity that is accredited by the Board in accordance with the Governing Instrument and relevant Board decisions. Please refer to the accredited entity directory to see the full list of AEs.
Adjustment in natural or human systems in response to actual or expected climatic stimuli or their effects, which moderates harm or exploits beneficial opportunities.
Blending refers to combining fund financed from the GCF with money received from other international or national financial sources or own sources to execute projects in scale. For instance, an accredited entity can request a portion of fund from the GCF and blend it with resources provided by other institutions such as the World Bank and the African Development Bank.
A change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and that is in addition to natural climate variability observed over comparable time periods.
Climate finance is the flow of funds from developed countries to developing countries to address the issues related to climate change. It refers to local, national or transnational financing, primarily provided by developed countries, which may be drawn from public, private and alternative sources and mobilized to help developing countries mitigate and adapt to the impacts of climate change.
Climate funds are resources earmarked at multilateral, bilateral and/or national levels for measures that address climate change.
The ability of a system and its component parts to anticipate, absorb, accommodate, or recover from the effects of a hazardous event in a timely and efficient manner, including through ensuring the preservation, restoration, or improvement of its essential basic structures and functions.
Co-financing mechanism is a practice in which multiple agencies finance the same project. Climate Co-Finance is the amount of financial resourcescontributed by the external entities along with climate finance invested by Multilateral Development Banks (MDBs). The financial resource providers include, among others, government or government-affiliated institution as well as the private sector, which are in the form of trust funds and international climate funds managed by MDBs.
A document which provides essential information about a project or program to seek feedback on whether the concept is broadly aligned with the objectives, investment criteria and policies of the Fund.
Copyright 2022 Ministry of Environment | All Rights Reserved
Powered by Echo Technology
