Transformational Project Pipelines for NDC Implementation
As of: October 2020
Objective and activities
The project aims to build capacity to connect robust project pipelines that advance NDC implementation with financing from public and private sources of finance. Therefore it will work directly with stakeholders in Fiji, Guatemala, and India, including finance and environment ministries, national development banks, and national funds. The aim will be to develop the ability of these actors to access climate finance from public finance institutions, placing particular emphasis on the GCF. Where appropriate, the project will also provide assistance on how to tap capital markets for NDC financing. Activities will be tailored to national needs but will include, as relevant: Country-specific analysis of opportunities for accessing the multilateral climate funds, anline tools to help connect project developers with sources of finance and assistance with developing sound institutional arrangements for deploying finance for NDC implementation.
State of implementation/results
- Fiji: Support for the establishment of two new platforms. On the one hand, the Drua Incubator is being set up to enable Fiji to improve access to disaster risk financing. On the other hand, the project supports the Commonwealth Secretariat in setting up a project development unit within the Ministry of Economy.
- India: Cooperation with the national governments of Madhya Pradesh, Sikkim and Tamil Nadu. An advisory group of experts has been established under the project to lead the work on climate-resistant bonds.
- Guatemala: Cooperation with the Ministry of Public Finance. Support for an initiative involving several government agencies, including the Ministries of Agriculture and Environment, INAB and CONAP.
- Snapshot of climate financing for Fiji published. It provides an overview of public funds and compares these investments with the country's declared climate goals. The snapshot is followed by a Climate Finance Country Program for Fiji, which aims to facilitate the country's access to international climate finance.
- In India, the project is in the process of finalizing a resource mobilization strategy for Madhya Pradesh, a training manual on climate change mitigation for Sikkim, and research for a publication on India's National Adaptation Fund for Climate Change (NAFCC).
- The project has published blogs and op-eds on a number of topics including: "Nature-based Solutions for reimagining the pathway to a sustainable future" (wri-india.org/…); "Greening MSMEs" (indianexpress.com/…); "INSIDER: Funding Climate Goals: 3 Lessons from Fiji" (www.wri.org/…) and "Navigating Converging Shocks from a Pandemic and a Cyclone: Lessons from the Pacific" (www.wri.org/…)