GCF insight #15 – How is COVID-19 impacting GCF projects?
2 July 2020, Category: All insights, GCF insight, News, Tags: b.25, board meeting, climate finance, co financing, finance mobilisation, GCF insight, Green Climate Fund, project financing
In this fifteenth *special edition* of GCF insight, ‘How is COVID-19 impacting Green Climate Fund projects?’, we explore how GCF stakeholders believe COVID-19 has affected their projects to date and explore expectations for project development and execution over the longer term.
*Download your report here*
The GCF project development process was designed for the world before COVID-19. Among other requirements, the GCF requires evidence of meaningful stakeholder engagement in the project planning process, often via face-to-face meetings and workshops. Country governments, banks and the private sector are encouraged to provide significant co-financing to achieve project objectives.
What is more, GCF concept notes and funding proposals are often prepared by teams from different organisations and sometimes from different countries, who may no longer be able to travel easily to project sites. Finally, the COVID-19 crisis may expose new and unanticipated challenges for project beneficiaries, depending on country context.
Learn what GCF project developers around the globe have to say about how the pandemic is affecting and anticipated to affect project development in the long term.
*Download your report here*
Please feel free to share your comments below or send an email to: amy@ecoltdgroup.com.
We are grateful to the respondents of this study for their contributions and insights. This research has been conducted by E Co., a specialist consulting firm, as part of our learning resources from our training division, E Co. institute. This report has emerged from work we are doing to develop low-carbon, climate resilient projects. E Co.’s team of consultants designed and administered the survey and prepared this report. E Co. has conducted this research independently and is not affiliated with the GCF, the GCF Secretariat or donors. .
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