Green Climate Fund (GCF), the new multi-billion climate fund, was designated as an operating entity of the financial mechanism of the UNFCCC, in accordance with Article 11 of the UNFCCC. The COP 16 brings the issue into light and after COP 20,
now GCF has become successful to a certain extent in initial resource
mobilization process that led to the mobilization of $10.3 billion to
date by contributing parties. The institution was proposed in 2009 Copenhagen Conference (COP 15), Denmark and formed in 2010 Cancun Conference (COP 16), Mexico. Headquartered in Song-do, South Korea, GCF started funding in late 2015.
GCF Policies
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GCF Policies
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- Business Model Framework: Results Management Framework 2013
- Environmental and Social Policy (ESP) 2018
- GCF in Brief: Direct Access (undated)
- Gender Policy and Action Plan 2014
- Gender Assessment and Action Plant Template (under Gender Policy)
- Indigenous Peoples Policy (IPP) 2018
- Information Disclosure Policy 2016
- Independent Redress Mechanism (Terms of Reference) 2014
- Independent Redress Mechanism (Updated Terms of Reference) 2017
- Interim Procedures for Redress: Reconsideration of Funding Decisions 2016
- Investment Framework 2014
- Mainstreaming Gender in Green Climate Fund Projects: A Practical Manual to Support the Integration of Gender Equality in Climate Change Interventions and Climate Finance (undated)
- Toolkit on Mainstreaming Gender (under Gender Policy)
Bangladesh has been very active in the UNFCCC negotiations for long and
has also taken a pragmatic approach as soon as the GCF emerged. In
September 2014, the government of Bangladesh nominated Economic
Relations Division (ERD) of Ministry of Finance as the National
Designated Authority (NDA) of Bangladesh to GCF. As per standard procedure, NDAs are chosen by governments to act as the
core interface between a country and the Fund. NDAs provide broad
oversight of GCF’s activities in a country and serve as the point of
communication with the Fund.
Bangladesh has received one of the very first funding through German-base Kreditanstalt für Wiederaufbau (KfW). Since then Bangladesh has received 3 projects from GCF through United Nations Development Programme (UNDP) and World Bank.
National Designated Authority (NDA) to GCF
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Economic Relations Division (ERD), Ministry of Finance, Government of Bangladesh
GCF Accredited Institutions in Bangladesh
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Bangladesh has received one of the very first funding through German-base Kreditanstalt für Wiederaufbau (KfW). Since then Bangladesh has received 3 projects from GCF through United Nations Development Programme (UNDP) and World Bank.
National Designated Authority (NDA) to GCF
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Economic Relations Division (ERD), Ministry of Finance, Government of Bangladesh
GCF Accredited Institutions in Bangladesh
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- Infrastructure Development Company Limited (IDCOL): Approved on 6 July 2017
- Palli Karma-Sahayak Foundation (PKSF): Approved on 2 October 2017
GCF Financed Projects in Bangladesh
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- Climate-Resilient Infrastructure Mainstreaming in Bangladesh (FP004): Kreditanstalt für Wiederaufbau (KfW), Germany
- Enhancing Adaptive Capacities of Coastal Communities, especially Women, to Cope with Climate Change Induced Salinity (FP069): United Nations Development Programme (UNDP)
- Global Clean Cooking Program –Bangladesh (FP070): World Bank (WB)