After 31 years of pressure there is no dedicated finance for Loss and Damage. This analysis details the human and economic costs caused by the delay and makes the case for establishing a Loss and Damage Finance Facility at COP27.
The vast majority of private sector activities funded by the GCF are programmatic in nature. Butthe GCF has not set specific rules regarding what constitutes a program. Although private sector programs are far more prevalent than public sector ones, the proposed policy does not address the specific challenges that private sector programs pose. This briefing offers guidance to strengthen the proposed policy on programmatic approaches to take account of issues specifically arising in the case of private equity financing programs.
This analysis looks at the 26 private sector entities currently accredited with the GCF as implementing entities and the approaches and financial instruments they use for GCF funded climate actions. It highlights significant transparency and accountability deficits with a number of these actors, including with respect to their experience and track record in implementing environmental and social safeguards and gender mandates of the GCF.
This paper analysis whether the GCF’s Private Sector Facility (PSF) is falling substantively short of meeting its mandate to support micro-, small- and medium-sized enterprises (MSMEs). It finds that while the GCF does not issue portfolio-wide data on MSME support, almost a third of its funded activities offer at least some support to MSMEs. However most of those are classified as public sector projects and programs.