It’s “back to the future” for the Green Climate Fund after its most recent board meeting in Bahrain. After the July disastrous meeting, this outcome sends a reassuring signal that the GCF can deliver on its core functions before COP 24.
This booklet proposes six specific recommendations to the Green Climate Fund (GCF) Board, Secretariat and other relevant policy-makers to increase access of local actors to climate funds, and ensure accessible, gender-responsive climate finance decision-making processes. These proposals range from setting up small grants facilities to a complete revision of the operations and results framework of climate funds. The booklet is meant to stimulate more and deeper debate on the crucial role local actors play in the transformative change needed to deal with global climate change.
When the Board meets from June 28-30 in Songdo, South Korea for its 13th Board meeting, the 24-member body will focus on working towards closing Fund structural and policy gaps in order to ramp up finance delivery to developing countries. But don’t expect quick one-step fixes.
What is the Green Climate Fund? Is it gender-responsive? Will communities profit directly from its funding? How will civil society groups find out if the GCF is funding a project in their country or community? These are some of the questions that this set of five easy-to-read fact sheets answers in straightforward understandable language.
Just weeks before the Paris climate summit, first funding decisions by the GCF Board at its 11th meeting in Livingstone, Zambia, make the Fund fully operational. Nevertheless, a lot of policy work on outstanding issues is still needed for 2016 before the GCF can stand both the test of time and the test of its own ambition and vision.