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
Margaret-Ann Splawn Active Private Sector Observer to the GCF
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
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%
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
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
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