State of PlayGCF: Key facts
Update from the Green Climate Fund
Initial capitalisation of approximately $2.3 billion
Key decisions for resource mobilisation taken in May 2014
Will offer a range of financial instruments to promote paradigm-shifting investments in developing countries: startingwith loans and grants
Balance investments in adaptation and mitigation
Channel finance through accredited entities (public, private, international, regional, national and sub-national)
Fast-track accreditation for implementing entities of existing funds
Readiness programme for developing countries

Tao Wang
Green Climate FundInternational Seminar on REDD+February 3-4, 2015

Moving into full operation
Secondfundraising
meetingFirst fundraising
meeting

2014

MayJuneJulyAug

REDD+ PMF,
Readiness programme,
Accreditation
framework approved at8th Board meeting

SeptOct

Nov

Essential operational
policies adopted at 7thBoard meeting

2015

JanFebPledging
conference

Dec

Lima COP($10.2 billion)

Mar

Entities
accredited

AprMayEffective

JunJulAug

SepOctFunding
proposals
approved

Allocation Framework
Total Fund Portfolio

Adaptation Portfolio

Mitigation(50%)

Adaptation
(50%)

••
••

SIDS, LDCs& Africa(at least half)

Other
Developingcountries

Geographic balance
Significant allocation to Private Sector Facility
Sufficient resources for readiness activities
Grant equivalent term

Investment Framework
Impact Potential• Potential to the achieve the Fund's objectives andresult areas

Paradigm Shift Potential• Potential to catalyse impact beyond a one-off projector programme investment

Sustainable Development
Potential• Potential to provide wider benefits and priorities

Needs of Recipient• Vulnerability and financing needs of the beneficiary
countryCountry Ownership• Beneficiary country ownership of and capacity to
implement funded activities

Efficiency & Effectiveness• Economic and, if appropriate, financial soundness ofthe programme/projectStrategic Impact Areas
Mitigation:

Adaptation:• Low-emission energy accessand power generation• Low-emission modes oftransport• Buildings, cities, industries andappliances• Land use, deforestation, forest
degradation, and throughsustainable management offorests and conservation andenhancement of forest carbon
stocks• Livelihoods of people,communities and regions• Health and well-being ofpeople, food and water
security• Infrastructure and builtenvironment• Ecosystems and ecosystems
servicesReadiness Programme• Support countries to engage with Fund
• Respond to country needs and priorities,
working in collaboration with the NDA/FP• Build on existing structures and efforts,
and work in partnership with others• Identify and support interventions thatwill add value at country level

Strengthening
NDAs/FPs

Sharing
Information &Experiences

Developing
Pipelines

Scope ofReadinessSupportDeveloping
Strategic
Frameworks

Accrediting
Entities

Accreditation Framework– Who can apply for accreditation?
• All entities, including international, regional, national and subnational
and public and private entities, can apply for accreditation throughone of two modes of access:• Direct access track: for regional, national and sub-national entities.
– NDA nomination required– Entities may be eligible to receive readiness and preparatory
support on accreditation• International access track: for international entities, including United
Nations agencies, multilateral development banks, international
financial institutions and regional institutions

Update on REDD+ RBPs
The logic model (LM) and Performance Measurement Framework (PMF)
for REDD+ results-based payments (RBPs) was adopted in October 2014.

4 levels in the LM(a) Paradigm shifts objective(b) Impacts(c) Programme outcomes(d) Programme outputs

Linked to the Fund’s
Mitigation Logic Model

Defined specifically forREDD+ RBPs

Logic Model for REDD+ RBPs
Level

Results

Paradigm Shift

Shift to low-emission sustainable development pathways (forest cover and forest carbon loss isslowed, halted, and reversed)

Impacts (Fundlevel)

4.0 Reduced emissions from land use, deforestation, forest degradation, and through sustainable
management of forests and conservation and enhancement of forest carbon stocks

REDD+ results-based payments (for verified tCO2e)
Programme
outcomes(national or subnational)

B. Reduced
A. Reduced
emissionsemissions(tCO2eq)(tCO2eq) fromfrom forest
deforestation
degradation

C. Reduced emissions
and increased
removals(tCO2eq)
through theconservation of forest
carbon stocks

Programme
outputs(national or subnational)

Reduced
Reducedforestdeforestation
degradation

Increasedconservation of forest
carbon stocks

D. Reduced
emissions andincreased removals(tCO2eq) through thesustainable
management offorests
Increased
application ofsustainablemanagement
methods

E. Increased
removals (tCO2eq)
through theenhancement offorest carbon
stocksForest carbon
stocks enhancedPotential Priority Area: Forestry• High mitigation potential at a relatively low cost:>7 GtCO2eq/year (27% of global mitigation potential)• Remarkable co-benefits, including adaptation areas(livelihoods, food security, health, water, biodiversity)• Opportunities in results-based payments (REDD+)• Limited support from existing climate channels(only accounts for 5% of current mitigation and 8% ofadaptation financing, combined with agriculture)Thank you
Tao Wang
Director of Mitigation & Adaptation
twang@gcfund.org+82-32-458-6095