GCF 26th Meeting of the Board (B.26) Diana Dorman PhD Student | Environmental Studies University of Colorado Boulder
B.26 – Policies and reports P2 ▫ Streamlining all business processes of ▪ Reports from the Board and Secretariat the GCF ▫ Board adopted 7 decisions between B.25 ▫ Efforts to embed adaptive management and B.26 throughout the portfolio to mitigate the ▫ Second phase of Readiness programme effects of COVID pandemic on projects functioning well - Readiness guidebook, and programs guidance materials, and an E-submissions ▫ GCF-1: 54% of the new funding pledges programme launched – increased have signed commitments efficiency by 70% ▫ ▫ Sectoral guidance across the GCF’s result Secretariat plans to meet or exceed areas is being finalized programming goals for 2020
B.26 – Policies and reports P3 ▫ Develop new, positive ESS standards ▪ Independent Unit Reports – IEU Report commensurate with GCFs climate ▫ Jo Puri leaving the IEU after B.26 – new role mandate (go beyond do-no-harm) ▪ Legacy Recommendations – Country ▫ Fully operationalize the MAF for Ownership and ESS Evaluations realizing environmental and social co ▫ Clarify definitions on country ownership and benefits consider it an eligibility criterion ▫ Have a policy on stakeholder ▫ Consider co-development & co- engagement implementation between IAEs and DAEs of All IEU publications have been translated GCF investments to Spanish, French and Arabic ▫ Build capacity of DAEs
COVID-19 impact P4 COVID has had a smaller impact on programming than feared, progress on ▫ policy has slowed considerably 48 projects affected by COVID, 6 may need to be resubmitted to the Board ▫ due to major changes in financial structuring COVID has caused a projected $300 mill reduction in disbursement of funds by ▫ the end of the year Three executive closed-door sessions (pre-board) to discuss COVID-related ▫ issues
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