Green Climate Fund
|Title||Green Climate Fund|
|E-mail, phone number and mailing address|| |
c/o Development Bank of Southern Africa,
|Facility Objectives|| |
The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.
The DBSA received its accreditation as an entity of the GCF in March 2016. The DBSA is accredited as a direct access entity that can implement all sizes (in terms of total amount as well as environmental and social risk category) of GCF funded projects in the Sub-Saharan Africa region. The Bank has the opportunity to access GCF funds in order to support innovative and risk-sharing approaches in projects that contribute towards low-carbon and climate-resilient development.
|Key activities|| |
Projects that will benefit from GCF funding resources should meet the following criteria:
|Type of finance provided|| |
Grants, loans, guarantees, equity.
The GCF has a number of investment products, for both the public and private sector -
|Size of project supported|| |
No minimum or maximum project size.
|Range of funding provided (min/max)|| |
No minimum or maximum level of financial support
|Beneficiaries supported|| |
Public sector; private sector; non-governmental organisations (NGOs)
|Project type|| |
National and sub-national.
|Project preparation phases supported|| |
Enabling environment; project definition; project feasibility; project structuring; transaction support; post-implementation support.
|Application process|| |
Projects that align with the DBSA's core mandate and meet the GCF funding criteria can be co-financed by both the Bank and the Fund. The DBSA will process projects that fall within its core sectors (energy, water, transport, ICT).
Developing countries, least developed countries (LDCs) and small island developing countries (SIDS) can access GCF funding through the DBSA as an accredited entity. Project proponents can submit their proposals and engage with the DBSA which will further lodge applications to the GCF.
|Eligibility exclusions|| |
Projects should also be supported by the country’s national designated authority (NDA), through the provision of a No Objection Letter.
|Countries||Benin, Burundi, Côte d'Ivoire, Ghana, Guinea, Guinea-Bissau, Liberia, Niger, Nigeria, Sierra Leone, Comoros, Djibouti, Eritrea, Ethiopia, Seychelles, Somalia, Sudan, Tanzania, Uganda, Democratic Republic of Congo, Equatorial Guinea, Gabon, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe|
|Sub-Sectors||Power generation/renewable sources , Logistics, Water resources protection, Water supply and sanitation, Backbone infrastructure|