Submission on the GCF Investment Framework
The Secretariat of the Green Climate Fund invited for public inputs on experiences to support the development of the GCF investment framework. An initial investment framework has been agreed during the last meeting of the Green Climate Fund Board which took place in June in Songdo, Korea.
In particular the call for inputs focuses on experiences related to:
- activity specific sub-criteria and activity-specific indicators;
- benchmarks for criteria;
- methodologies for assessing the relative quality and innovativeness of comparable funding proposals in similar circumstances.
Both the GCF and the NAMA Facility seek to promote ‘the paradigm shift towards low-emission and climate-resilient development pathways’. However, within the context of the Facility this is being operationalised as ‘transformational change potential’ and applied only to mitigation actions. Hence, we believe that some of the experiences we have made and lessons we have learned from implementing the NAMA Facility may be valuable for further developing the GCF’s Investment Framework, particularly with regard to the selection process for ambition-based competitive mitigation project proposals.