Green Climate Fund

c/o Development Bank of Southern Africa,
Headway Hill,
1258 Lever Road,
Midrand,
South Africa

Email: nomsaz@dbsa.org

The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change.  GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

The DBSA received its accreditation as an entity of the GCF in March 2016. The DBSA is accredited as a direct access entity that can implement all sizes (in terms of total amount as well as environmental and social risk category) of GCF funded projects in the Sub-Saharan Africa region.  The Bank has the opportunity to access GCF funds in order to support innovative and risk-sharing approaches in projects that contribute towards low-carbon and climate-resilient development.

• Impact potential - potential of the programme/project to contribute to the achievement of the Fund's objectives;
• Paradigm shift potential - degree to which the proposed activity can catalyse impact beyond a one-off project or programme investment;
• Sustainable development potential - wider benefits and priorities, including environmental, social and economic co-benefits as well as gender-sensitive development impact;
• Responsive to recipient’s needs - vulnerability and financing needs of the beneficiary country and population in the targeted group;
• Promote country ownership - beneficiary country ownership of and capacity to implement a funded project or programme;
• Efficiency & effectiveness - economic and, if appropriate, financial soundness of the programme/project, and, for mitigation-specific programmes/projects, cost-effectiveness and co-financing.

Grants, loans, guarantees, equity.

The GCF has a number of investment products, for both the public and private sector - 

• Private Sector Facility:
  - Enables the GCF to directly and indirectly finance private sector mitigation and adaptation;
  - Addresses barriers to private sector investment e.g. market failures, insufficient capacity and lack of awareness, in order to mobilise private capital and expertise at scale;
  - Promotes participation of the private sector, in particular local actors, including small and medium-sized enterprises and local financial intermediaries;
• Public Sector Facility:
  - Enables the GCF to support public sector mitigation and adaptation initiatives;
  - Offers concessional terms to vulnerable countries and less concessional terms other countries.

No minimum or maximum level of financial support

Public sector; private sector; non-governmental organisations (NGOs)

National and sub-national.

Enabling environment; project definition; project feasibility; project structuring; transaction support; post-implementation support.