GCF 26th Meeting of the Board (B.26) Diana Dorman PhD Student | - - PowerPoint PPT Presentation

GCF 26th Meeting of the Board (B.26)

Diana Dorman PhD Student | Environmental Studies University of Colorado Boulder

P2

B.26 – Policies and reports

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Reports from the Board and Secretariat

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Board adopted 7 decisions between B.25 and B.26

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Second phase of Readiness programme functioning well - Readiness guidebook, guidance materials, and an E-submissions programme launched – increased efficiency by 70%

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Sectoral guidance across the GCF’s result areas is being finalized

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Streamlining all business processes of the GCF

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Efforts to embed adaptive management throughout the portfolio to mitigate the effects of COVID pandemic on projects and programs

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GCF-1: 54% of the new funding pledges have signed commitments

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Secretariat plans to meet or exceed programming goals for 2020

P3

B.26 – Policies and reports

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Independent Unit Reports – IEU Report

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Jo Puri leaving the IEU after B.26 – new role

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Legacy Recommendations – Country Ownership and ESS Evaluations

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Clarify definitions on country ownership and consider it an eligibility criterion

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Consider co-development & co- implementation between IAEs and DAEs of GCF investments

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Build capacity of DAEs

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Develop new, positive ESS standards commensurate with GCFs climate mandate (go beyond do-no-harm)

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Fully operationalize the MAF for realizing environmental and social co benefits

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Have a policy on stakeholder engagement All IEU publications have been translated to Spanish, French and Arabic

P4

COVID-19 impact

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COVID has had a smaller impact on programming than feared, progress on policy has slowed considerably

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48 projects affected by COVID, 6 may need to be resubmitted to the Board due to major changes in financial structuring

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COVID has caused a projected $300 mill reduction in disbursement of funds by the end of the year

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Three executive closed-door sessions (pre-board) to discuss COVID-related issues