GCF 26th Meeting of the Board (B.26) Margaret-Ann Splawn Active - PowerPoint PPT Presentation

GCF 26th Meeting of the Board (B.26) Margaret-Ann Splawn Active Private Sector Observer to the GCF

Status of Private Sector at B.26 P2 Year-on-year comparison of B.23 (July 2019) to B.26 (August 2020) ▪ We noted a 5% decline in GCF portfolio of private sector projects ▪ B.23: In nominal terms, 41% private / 59% public sector split ▪ B.26: In nominal terms, 36% private / 64% public sector split

Financial instruments in the GCF portfolio P3 B.23 vs B.26 ▪ Grants: 44% vs 50% → increase in grants ▪ Loans: 44% vs 40% → decrease in loans ▪ Equity: 8% vs 4% → decrease in equity ▪ Results based payments: 2% vs 4% ▪ Guarantees: 2% vs 2%

Lapsing of private sector projects P4 ▪ FP029 SCF Capital Solutions (MSME) , project value $34.1m, lapsed 23/10/2017 ▪ FP030 Catalyzing private investment in sustainable energy in Argentina , project value $653m, lapsed 28/07/2018 ▪ FP006 Energy efficiency in green bonds in Latin America and the Caribbean , project value $184.5m, lapsed 28/09/2018 ▪ FP038 GEEREF NeXt , lapsed 13/06/2020. Large scale fund of funds, project value $765m. Loss of CO2e avoided = 769m, which negatively impacts the GCF portfolio with a 47% decline ▪ FP026 Sustainable Landscapes in Madagascar , project value $19.3m, lapsed 13/06/2020. Technical assistance component of this project implemented by Conservation International will continue

Programmatic approaches P5 ▪ Lapsed funding proposals and programmatic approaches EBRD FP140 High Impact Programme for the Corporate Sector at B.26 for $258m ▪ ▪ Cross country programme seeking to transform hard to abate sectors ▪ Twin goals of low-carbon technological change and behavioural change pathways for corporates ▪ Innovative accelerated option for corporates to use carbon markets as an entry point during the construction phase There is a perception issue of carbon markets with some board members ▪