Transcript Fiji Development Bank - Association of Development Financing

1 April, 2014.
Business Loans
Nafitalai Cakacaka
General Manager
Business Risk Services
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What is Climate Change Finance
What are the Drivers
Current Scale & Source of Funds
Overview of Multilateral Climate Fund
GEF
GCF
ACCREDITATION JOURNEY
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Establish a global goal for
adaptation
Parties to draw up & regularly
update adaptation plans &
strategies
Restating thecommitment to
increase developed country –party
funding developing countryparties to 100B p.a by 2020 (GCF)
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Has not been clearly defined
No common Understanding of
Financial flows
Refers to transfer fo Funds
from Developed to Developing
countries ( in a narrow sense)
Refers to all Financial flows
relating to Mitigation and
Adaptation (wider sense)
UN Climate Convention
obligation to provide “ New
and Additional Resources”
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Private
Domestic
International
Public
~64
~232
~52
+100 billion
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•Several actors in the multilateral
climate finance architecture
• CIF - currently largest funds in size,
received pledges of over USD 7 billion
• Administered by the World Bank and
use Multilateral Development Banks as
implementing partners
•The CIFs have a sunset clause to close
operations once a new architecture
under the UNFCCC is operational
•Global Environment Facility was established
in 1991 and until 2010 was the operating
entity of the Financial Mechanism of the
UNFCCC
•Provides funding mainly through
implementing entities
•Longest standing dedicated public climate
change fund
•Its at an early stage of experimentation of
the direct access.
•Currently no funding for adaptation through
the GEF trust fund
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United Nations Development Programme
United Nations Environment Programme
World Bank
Food and Agriculture Organization
Inter-American Development Bank
United Nations Industrial Development
Organization
Asian Development Bank
African Development Bank
European Bank for Reconstruction and
Development
International Fund for Agricultural Development
World Wildlife Fund
United Nations Industrial Development
Organization
Conservation International
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•Under the UNFCCC three specialized Funds have
been set up providing resources for Adaptation
• SCCF drying out as GCF comes on the scene
•The pipeline of technically cleared projects under
the LDCF amounts to approximately $210 million as
at September 2016
•The Adaptation Fund (AF) provides direct access for
national institutions
•During COP 21, the Fund received new pledges
totaling about US $75 million. This year, the Fund’s
goal is to raise US $80 million (minimum target) in
new pledges at COP22 through the end of the
calendar year
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Special Climate
Change Fund (SCCF)
Least Developed
Countries Fund
(LDCF)
Kyoto Protocol
Adaptation Fund
(AF)
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The Green Climate Fund is the
only stand-alone multilateral
financing entity whose sole
mandate is to serve the
Convention and that aims to
deliver equal amounts of funding
to mitigation and adaptation
Green Climate Fund
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Rest of developing countries
Mitigation
Equal
share
(50:50)
Adaptation
Minimum Floor for particular
vulnerable countries, including
LDCs, SIDS and African States
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41 AE
*Emphasis on
Direct Access
27 approved
at 1.2bn
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Size
 Micro -10mil
 Small -50mil
 Med -250mil
 Large 250mil+
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 Standards
 Fiduciary
Standards
 Environmental and
Social Safeguard
Standards
 3 year track record
 GENDER POLICY
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The application form takes a “one size fits all”
approach to NIE accreditation.
nominated by the State to pursue Green Climate
Fund accreditation in July of 2015, NDA
Networking - Having access to the UNEP
consultants helped tie it all together
Technology - The online portal will only accept
attachments of 10 megabytes or smaller- the
FDB act is a little over 13 megabytes
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Background and Contact Information of the
Applicant Entity
Information on the ways in which the
institution and its intended activities will
contribute to furthering the objectives of the
Green Climate Fund
Intended Scope of Projects/Programmes and
Estimated Contribution Requested
Basic fiduciary criteria
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Specialized fiduciary criteria (..On-lending
and/or blending, loans, equity and guarantees)
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Environmental and social safeguards
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Gender
Beyond Accreditation:
Upon accreditation there will be vast
consultation with the relevant internal and
external stakeholders including regional
agencies, civil society, the private sector and
central government. This will give us a
platform of engagement and partnership to
develop, manage and implement the facility
effectively.
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USD 29.5M – Improve Resilience of Vulnerable
Coastal Comm--- Vietnam (UNDP)
USD36M – Tuvalu coastal Adaptation (UNDP)
USD 38.1M – strengthening Resilience for
Smallholder Farmers – Shri Lankar (UNDP)
 USD 49m – Climate action & Solar Energy Dev. Program –
Chile (CAF)
 USD 20.5m – large scale Ecosystem based Adaptation –
Gambia (UNEP)
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Facilitate capacity building
 Access to Information
 Networking and Linkages
 Synergy Amongst members
 Seek global financing
Opportunity
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Pre-feasibility , feasibility studies
and project designs
Environmental, Social and Gender
studies
Risk assessment
Identification of programs
Pre- contract services
Advisory services
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USD200M allocation
USD100m for LCDs,
SIDs & African cuntries
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Support Activities that
enable private
investment in low
carbon & climate
resilient program
Support local financials
actors in developing
countries
Mobilising fund &
Investment scale
Grants, concessional
loans, risk gurantees &
equity
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your partner in progress
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