Green Climate Fund (GCF) Readiness Programme

Description

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The Green Climate Fund (GCF) was established in 2010 as an operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), designed to disburse $100 billion per year of new and additional resources by 2020 for addressing climate change.

Access to Fund resources will be through national, regional and international implementing entities accredited by the Board. Direct access by national public and private entities has been a key feature of the Fund in line with a GCF’s commitment to country ownership. The Government of Ghana nominated the Real Sector Division of Ministry of Finance to be the National Designated Authority (NDA) to liaise with the GCF.

The Green Climate Fund (GCF) Readiness Programme, a joint partnership between UNDP, UNEP, and World Resource Institute (WRI), is a global programme to support countries for enhanced access to international climate finance. The Programme in Ghana was launched in June 2015 and has aimed at supporting the Government of Ghana in strengthening national capacities to effectively and efficiently plan for, access, manage, deploy and monitor climate financing in particular through the GCF.

The project has targeted two important aspects of the GCF approach, 1) access to funds and 2) private sector engagement, both of which will require significant preparatory work in many countries before GCF financing will be possible at scale. The GCF Readiness Programme has focused on a range of preparatory activities to a) build and strengthen the institutional capacity of national entities in Ghana, with a focus on enabling direct access; and to b) help Ghana prepare climate change mitigation and adaptation investment strategies, programmes and projects, including through the active involvement of both the public and private sectors

Accomplishments

·   The Ministry of Finance was supported to develop the Climate Change Finance Tracking Tools. These are intended to help implement the national architecture for climate change finance in Ghana. This architecture was considered in Ghana’s First Biennial Update Report to the UN Framework Convention on Climate Change (UNFCCC) in 2015.

·   An operations manual was developed for the NDA to define the day-to-day roles of the secretariat as well as establish procedures for no objection for implementing entities and proposal submission.

·    A prioritization tool has been developed to provide guidance to the NDA and its Technical Advisory Committee (TAC) to prioritize climate change project proposal portfolios for submission to GCF, for funding and engagement with Development Partners, other dedicated climate funds and private sector for financing. The tool has been used to select or prioritize a number of adaptation and mitigation actions aimed at preparing a full proposal for submission to GCF.

·   Two potential Direct Access Entities (DAEs), Ecobank and Social Investment Fund have been identified and supported to submit GCF accreditation application. Both entities are in Stage 1 of the accreditation process.

·   A guidance checklist to support the integration of NDCs in development plans of Metropolitan, Municipal and District Assemblies (MMDAs) was developed in June 2017 and a pilot dissemination was on the tool was completed in September 2017 in 10 districts of the 3 northern regions.

·    The Climate Change Data Hub   has been upgraded to include climate change pipeline projects and provide additional information and policies relating to climate change.

·    MRV system on climate finance has been developed to assist, the MoF, MESTI/EPA to monitor, report and verify climate finance assistance received through both public and private sector institutions in Ghana.

·  The project supported enhancement of Ghana’s National Adaptation Plans (NAPs) through collaborating with the NAP-Global Support Programme to provide training for key government staff, focusing on assessing adaptation options using Cost Benefit Analysis (CBA).

·   The National Climate Change Steering Committee was supported to hold two meetings in October 2015 and May 2017. A final meeting for 2017 is scheduled to be held in December 2017.

·   The Programme has supported six NDA Technical Advisory Committee meetings from January 2016 to September 2017. These coordination meetings support the decision making on GCF project pipeline. A final meeting for the year has been scheduled for November 2017.

·    3 staff of the NDA have been supported on training programmes to enhance their capacity in understanding climate change principles and strengthen processes for climate financing and monitoring at MoF.

·   Support was given to the EPA to develop and submit a NAPs Readiness proposal to the GCF as follow up to the support on NAPs in 2016. The proposal was submitted to the GCF in October 2017

·   Staff of the Ministry of Finance (the NDA) and Ministry of Environment, Science, Technology and Innovation (MESTI) were supported to participate in relevant international meetings related to GCF.

The project has supported the Energy Commission and the Environmental Protection Agency in submitting project proposal concept notes on two projects, “Accelerating Solar Access Programme” and “Resilient Landscapes for Sustainable Livelihoods Programme” to the GCF. Full funding proposals on these two projects are being supported for submission by February 2018

Finances



The project budget for the UNDP component is $938,679

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