Insights

GCF insight #24

Five common challenges in GCF project building

GCF insight #24

GCF insight #24 is the latest report in our GCF insight series. This latest edition is an independent analysis of five top challenges experienced by AEs, NDAs, NGOs, and others, when accessing climate finance from the GCF. These challenges are:

Attracting the private sector for co-financing opportunities.
Friction within co-financing.
The shortcomings present within GCF country programming.
A lack of NDA engagement with GCF processes.
Capacity issues within project work.

So what did we learn?

Find out by downloading our latest report here – GCF insight #24 – ‘Five common challenges in GCF project building’

So why these five issues in particular? Well, because multilateral organisations always suffer from multilateral challenges, challenges that require multilateral action. “It takes a village”, as they say. This inspires us to dedicate this edition of GCF insight to analysing and addressing them.

As a team of climate finance project designers, we encounter a variety of challenges across GCF project development daily, within the widest of social and geographical contexts. It is these five challenges that our experienced consultancy team collectively agreed would be worthwhile to dive a little deeper into.

The ultimate goal of this twenty-fourth edition is to learn about, communicate, and propose solutions to some of the key challenges faced by GCF project developers. We believe the GCF is an incredibly impactful financial mechanism for introducing real and equitable change for climate-vulnerable communities, and so we view this report as one part of the conversation aimed at contributing to the optimisation of the overall GCF process.

About GCF insight

Our initial survey and report is an initiative of E Co., emerging from work we are doing to develop low-carbon, climate-resilient projects. E Co’s team of consultants designed and administered the survey which was used to inform and prepare this report. E Co. has conducted this research independently and is not affiliated with the GCF, the GCF Secretariat or donors. The views expressed in this report are those of the authors and do not represent those of the Green Climate Fund. Nothing in the interviews or any information or material relating thereto shall be construed as implying any official endorsement of or responsibility on the part of the Green Climate Fund.

About E Co.

For over 24 years, we’ve been supporting and guiding our clients to achieve low-carbon climate-resilient development. We do this by catalysing systemic transformation, helping our clients establish strong foundations for impact. We add value through our expertise in technical, financial, cultural, and local contexts. This allows us to tailor services to our clients’ specific needs and ensure successful projects within complex local environments and financial systems.

Interested to learn more?

Speak to our expert team today to discuss your reflections on this topic or a related project, programme or policy on which you’re working.

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