Green Climate Fund

The Green Climate Fund (GCF) is the financing mechanism of the UNFCCC and one of the main climate finance sources for developing countries. GCF has a strong focus on supporting those countries which are the most vulnerable to climate change and in need for finance. The Fund has already committed $2.2 billion for climate change projects.

In the GFC, the implementing states are to play a pioneering role in decisions about funding priorities and individual projects. For this purpose, countries should nominate a National Designated Authority (NDA) which serves as the main focal point and authority regarding all GCF activities. Countries should also set up country coordination mechanism and ‘no-objection’ procedure, and establish a strategic framework for the engagement with GCF.

IKEM works on multiple GCF readiness activities in Thailand, Timor-Leste and Georgia. We provide technical expertise and support strengthening of the NDAs – starting from designing the structure of the NDA team, enhancing their understanding of GCF and NDA tasks, designing options for no-objection procedure, and finishing with development of all needed guidelines, tools and communication materials. We also provide guidance and technical support for development of country programmes. They serve as a strategic framework for the use of GCF financing and are based on the existing climate change policies and inclusive multi-stakeholder consultation process.