Tag: T

Change is considered transformational if it is significant, abrupt (quicker than the business-as-usual) and permanent/irreversible in bringing the country on a carbon-neutral development trajectory in line with the 1.5-degree-objective. Projects can support the transformational change by enabling a significant evolution in terms of scope (e.g. scaling-up or replication), a faster change or a significant shift from one state to another. They do so by influencing policies, regulation, and enforcement and by providing adequate financing mechanisms that manage to incentivise consumer/investor decisions in order to sustainably redirect the flow of funds in the sector towards the carbon-neutral pathway.

Assists the Board in managing the Mitigation Action Facility. The TSU is the secretariat of the Mitigation Action Facility and the focal point for national governments, implementation organisations (former NSOs) and other stakeholders. The TSU is responsible for organising Calls for Projects, assessing Project Concepts, Outlines and Proposals and Monitoring and Evaluation (M&E) of the Mitigation Action Facility during implementation. It also has responsibility for the financial management of the Mitigation Action Facility.