GCF Programmatic Approach Overview

Questions and Answers

What is the primary goal of the stakeholder driven programmatic approach within the GCF?

To prioritize funding based solely on preliminary assessments.

To eliminate the need for entity action plans.

To focus exclusively on institutional capacities without addressing projects.

To establish transparent criteria that align with investment goals. (correct)

What does the Entity Work Plan (EWP) summarize?

All previous projects completed by the entity.

Only the financial costs associated with potential projects.

A list of stakeholders involved in decision-making.

Potential projects and an action plan for GCF engagement. (correct)

What is one requirement for direct access entities outlined in the EWP?

They must focus on immediate funding only.

Only short-term project initiatives must be presented.

They are exempt from creating an action plan.

They should detail long-term initiatives to enhance capacity. (correct)

What does the Environmental and Social Safeguards (ESS) aim to address?

Key environmental and social risks in funded activities. Signup and view all the answers

What interim measures has the GCF adopted while developing a comprehensive ESMS?

A set of interim Environmental and Social Safeguards. Signup and view all the answers

How many Performance Standards (PS) are highlighted in the interim ESS?

Eight Performance Standards that address environmental and social impacts. Signup and view all the answers

Which of the following supports the implementation of projects across GCF's strategic impacts?

A stakeholder driven programmatic approach ensuring alignment with investment criteria. Signup and view all the answers

What is the essence of developing a results management framework within the GCF?

To ensure alignment of projects with the GCF’s strategic and performance outcomes. Signup and view all the answers

What is the role of the Focal Point in a developing country?

To act temporarily as an NDA until one is designated. Signup and view all the answers

Which of the following is NOT considered a force majeure event?

A developing country's economic policy Signup and view all the answers

What is the purpose of the Gender Policy of the GCF?

To ensure the GCF contributes to gender equality. Signup and view all the answers

Who can be a Fund Agent for the GCF?

Any third party retained by the GCF. Signup and view all the answers

What does a Funding Proposal entail?

A formal proposal by accredited entities to fund projects. Signup and view all the answers

What is the GCF Fiscal Year?

1 January to 31 December. Signup and view all the answers

Which currencies are held by the GCF?

USD, JPY, EUR, and GBP among others. Signup and view all the answers

Which of these best characterizes a Funded Activity?

An agreement related to a funded project entered into by the Parties. Signup and view all the answers

What is the purpose of a No-Objection letter from an NDA?

To confirm approval of a funding proposal Signup and view all the answers

How many stages are there in the accreditation pipeline for entities at the GCF?

5 stages Signup and view all the answers

What is the first step an entity must take to enter the accreditation process?

Send an OAS account request Signup and view all the answers

Which entity category is prioritized for accreditation according to the provided guidelines?

National and sub-national entities Signup and view all the answers

Which of the following is NOT a consideration during the Pre-Accreditation Stage?

Project funding amount requested Signup and view all the answers

Who is responsible for defining the priority for entities applying for accreditation?

The Accreditation Panel and Secretariat Signup and view all the answers

What key document must accompany an entity's application during the pre-accreditation process?

A nomination letter from NDA(s)/FP(s) Signup and view all the answers

In the accreditation pipeline, what follows the Pre-Accreditation Stage?

Stage I Signup and view all the answers

What is the primary purpose of the Country A GCF Country Programme?

To present climate change priorities and a pipeline of projects. Signup and view all the answers

Which category of activities is associated with significant adverse environmental and/or social risks?

Category A Activities. Signup and view all the answers

What type of activities are categorized as Category B?

Activities with mild adverse impacts that are easily mitigated. Signup and view all the answers

What does a Concept Note represent in the GCF process?

A proposal outlining potential project, programme, or investment. Signup and view all the answers

Which category would usually be related to Intermediation 3?

Category C Activities. Signup and view all the answers

Which of the following accurately describes Category A Activities?

Activities with potential diverse and irreversible impacts. Signup and view all the answers

What kind of support needs might be included in the Country Programme?

Readiness and project preparation support needs. Signup and view all the answers

How are Category C Activities characterized in terms of environmental and social risks?

They pose minimal or no adverse risks. Signup and view all the answers

What are recipient countries expected to base their strategic framework on?

Existing national climate change plans and strategies Signup and view all the answers

Which of the following is NOT mentioned as a basis for defining a country's strategic framework?

Percentage of international funding Signup and view all the answers

What kind of assistance may the Fund provide to recipient countries?

Identification of national strategic frameworks Signup and view all the answers

What is encouraged to ensure coordination and stakeholder engagement in climate strategies?

Establishing a consultative process Signup and view all the answers

Who may enter into agreements based on the accreditation provided?

The Accredited Entity and Executing Entities Signup and view all the answers

What is one of the roles of the Fund outlined in the content?

To provide readiness and preparatory support Signup and view all the answers

Which of the following describes a national climate change plan that might be utilized?

National adaptation plans (NAPs) Signup and view all the answers

What distinguishes the Subsidiary Agreement mentioned?

It is entered into by the Accredited Entity in its own name Signup and view all the answers

Study Notes

GCF Country Programme

A living document outlining a country’s climate change priorities with the GCF.
Includes a project pipeline for climate initiatives intended for development with GCF support.
Provides an action plan for project development, partnerships, and readiness support.

Project Categories

Category A Activities: High risk with significant adverse environmental/social impacts; usually involves Intermediation 1.
Category B Activities: Moderate risk, site-specific, reversible impacts; typically relates to Intermediation 2.
Category C Activities: Minimal or no risk; associated with Intermediation 3.

Concept Note

Prepared by Accredited Entities (AEs) for proposed projects or investments to meet GCF’s investment criteria.
Utilizes a stakeholder-driven programmatic approach with transparent criteria.

Entity Work Programme (EWP)

Offers an overview of an entity's priorities, sectors, and project implementation experience.
Summarizes potential projects and outlines engagement actions with GCF.
Direct access entities outline initiatives to enhance institutional capacity.

Criteria addressing environmental and social risks in funded activities.
Interim ESS under development, reflecting eight Performance Standards for risk management.

Focal Point

Designated individual in a developing country to fulfill National Designated Authority (NDA) functions temporarily.

Force Majeure

Encompasses unforeseeable events (e.g., natural disasters, wars) preventing parties from meeting obligations within agreements.

Fund Agent

A third-party entity retained by GCF to perform functions on its behalf.

Funded Activity Agreement (FAA)

Legal summary outlining key terms and conditions of agreed Funded Activities.

Funding Proposal (FP)

Submissions from accredited entities requesting GCF funding for climate projects and programs.

GCF Fiscal Year

Corresponds to the calendar year, running from January 1 to December 31.

Currency Holdings

GCF operates with multiple currencies including USD, JPY, EUR, and GBP, as designated.

Gender Policy

Aims to promote gender equality in GCF operations, requiring integration into all activities for better climate outcomes.

No-Objection Procedure

Confirmation letter from NDA or focal point affirming no objection to an FP proposed by an AE.

Pipeline Process

Rigorous accreditation journey for entities aspiring to become AEs, divided into five stages.

Pre-Accreditation Stage

Initial stage requiring entities to submit an OAS account request, validating legal status and compliance.

Prioritization of Accreditation

Designed to focus on national direct access entities, especially from the Asia-Pacific and Eastern Europe sectors.

Stakeholder Engagement

Engages national climate change strategies as a framework for funding proposals.
Encourages countries to develop consultative processes to define climate priorities collaboratively.

Subsidiary Agreement

Any agreements made between the Accredited Entity and an Executing Entity outside of the Funded Activity Agreement terms.

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Description

This quiz explores the stakeholder-driven programmatic approach based on transparent criteria in alignment with the GCF's investment criteria and results management framework. It delves into the entity's areas of work, priority sectors, and experience in program implementation across strategic programmes.