Funding Proposal Review Process

Funding Proposal Review Process

• The review process involves collaboration through interdivisional project teams responsible for operational procedures regarding funding proposals.
• Independent appraisal occurs during second-level due diligence to evaluate submitted proposals thoroughly.
• Various assessments, including secretariat assessments and CIC3 reviews, are part of the due diligence to ensure the proposal aligns with GCF policies.

GCF Operations Manual Overview

• The manual outlines rules of procedure adopted by the Board to enhance existing procedural rules in the Governing Instrument.
• GCF focuses on projects categorized under two main results areas: mitigation and adaptation, with four designated outcomes for each category.

Second-Level Due Diligence

• Conducted by the Secretariat, this comprehensive assessment identifies financial, environmental, social, compliance, and legal risks.
• The assessment ensures that funding proposals are consistent with relevant GCF policies and may prompt requests for additional information from Accredited Entities (AE).

Task Team Functionality

• Task teams handle each funding proposal submitted to the GCF, managing communications between the AE, Secretariat, independent Technical Advisory Panel (iTAP), and the Board.
• These teams lead the review and negotiation processes of the funding proposals, ensuring thorough oversight.

Term Sheet

• A term sheet succinctly outlines the key terms and conditions of a proposed funded activity for presentation to the Board, serving as a summary document.### Adaptive Management
• Adaptive management involves systematic learning and adjusting actions based on outcomes, promoting flexibility in decision-making.
• Triggers for adaptive management can include changing environmental conditions, stakeholder feedback, or monitoring results that deviate from expected outcomes.
• Measures deployed in adaptive management include performance evaluations and adjusting strategies accordingly.

Evaluation, Learning, and Project Closure

• Evaluation measures project effectiveness based on pre-defined objectives and outcomes.
• Learning emphasizes capturing lessons learned to enhance future projects and operational effectiveness.
• Knowledge generation focuses on synthesizing insights gained throughout the project lifecycle to improve methodologies and practices.
• Project closure involves formalizing the end of a project, ensuring all deliverables are met and assessing overall success.
• Financial and legal closing secures all financial obligations are fulfilled and proper documentation is completed.

Simplified Approval Process

• The Simplified Approval Process (SAP) is designed for quicker project initiation under specific eligibility criteria.
• Key features of SAP include streamlined documentation and accelerated timelines compared to traditional processes.
• Standard Operating Procedures (SOPs) guide the application of SAP for consistency and efficiency.

Readiness and Preparatory Support Programme

• Objectives of this programme aim to prepare entities for project implementation efficiently and effectively.
• Implementation includes capacity-building initiatives and tailored support for diverse project needs.
• Processes for review of submitted reports ensure accountability and facilitate continuous improvement.
• The Secretariat reviews readiness programmes to ensure alignment with overarching GCF goals.

Commonly Used Abbreviations and Acronyms

• Knowledge of common abbreviations such as GCF (Green Climate Fund), AE (accredited entity), and SAP (simplified approval process) is crucial for understanding operational language.
• Abbreviations cover a wide range of terms related to climate adaptation, funding proposals, partnerships, and project management frameworks.
• Each acronym is associated with a defined term, facilitating quicker communication within project lifecycles and organizational structures.

Accredited Entities

• As of June 30, 2020, specific organizations like Acumen Fund, Inc. are recognized as accredited entities, contributing to climate finance initiatives.