Comment and Analysis: GCFs Initial Approval Process, Including the Criteria for Programming and Project Funding
The approval process and the criteria for funding for the Green Climate Fund (GCF) projects and programmes is a crucial factor as it will dictate how funds will be disbursed. It originally envisaged that the GCF would have a streamlined programming and approval process to enable timely disbursement. It was then left in the hands of the Green Climate Fund Board (the Board) to develop a simplified process for the approval of proposals for certain activities, in particular small-scale activities1.~Following on from the meeting of the Board in Bali February 2014, the progress report outlines a proposal for this process including a project and programme approval cycle, the generation of project/ programme proposals, decision-making, and the criteria for funding, as well as outlined next steps. The decision on proposal will be taken at the Board meeting in May, and the following paper will highlight each of the main elements, and offer considerations/comment on each.