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  • What is the Green Climate Fund Readiness Programme?
    What is the Green Climate Fund Readiness Programme?

    The Green Climate Fund Readiness Programme collaborates directly with the Green Climate Fund (GCF) to ensure coordinated readiness support to developing countries. It builds countries' capacity to access the Green Climate Fund, through preparing countries to plan for, manage, disburse and monitor climate financing. It also builds the institutional capacity of national entities, with a focus on enabling direct access to climate finance.

The financial needs for Uzbekistan to effectively mitigate and adapt to climate change are significant. With the operationalization of the Green Climate Fund (GCF), emerging programmes, which support readiness activities to access its funds, and the recently adopted international climate agreement, this is a unique and timely opportunity for Uzbekistan to develop its institutional architecture for the effective, efficient, and sustainable management of climate finance.

The Green Climate Fund is the only financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), which is fully dedicated to financing the adaptation and mitigation needs of developing countries.

The United Nations Development Programme (UNDP), UN Environment, World Resources Institute (WRI) and Uzhydromet joint "Green Climate Fund (GCF) Readiness Programme in Uzbekistan", funded by the Federal Ministry of Environment, Nature Conservation, Building and Nuclear Safety (BMUB) through UNEP Trust Fund, has been endorsed by the BMUB-UNEP Board in January 2016.

The project document was signed between UNDP and the Center of Hydrometeorological Services under the Cabinet of Ministers of the Republic of Uzbekistan (i.e. Uzhydromet as a national implementing partner agency) on 22 June, 2016.

The overall objective of the project is to support the Government of Uzbekistan in strengthening their national capacities to effectively and efficiently plan for, access, manage, deploy and monitor climate financing in particular through the GCF. These activities shall be planned and implemented in line with national policies and priorities.

Main Activities

The Programme will target two important aspects of the GCF approach: access to funds and private sector engagement, both of which require significant preparatory work before GCF financing will be possible at scale. The GCF Readiness Programme will focus on a range of preparatory activities. These are:

  • Building and strengthening the institutional capacity of national entities in Uzbekistan, with a focus on enabling direct access;
  • Helping Uzbekistan to prepare climate change mitigation and adaptation investment strategies, programmes and projects, including through the active involvement of the private and financial sectors.

Project Components

The GCF Readiness Programme, delivered in partnership with UN Environment and UNDP, will implement the four project components through cooperation and collaboration by all relevant government agencies, LFIs and other stakeholders, and lay out some potential GCF Readiness measures identified during consultations at different levels:

  • Increasing awareness of and understanding the GCF, its processes, priorities and coordination on climate finance;
  • Building capacities to develop a pipeline of climate projects and attract investment;
  • Investment frameworks for adaptation and mitigation detailing financial needs to address climate change, and sources of funding
  • Training of Uzbekistan Local Financial Institutions (LFIs) and private sector institutions, to effectively identify and evaluate proposals for climate finance.

Achievements

  • More than 1000 people, over 300 of whom are women, have enhanced their knowledge and skills through 19 workshops, roundtables and meetings, organized by the project, on GCF standards and requirements, GCF accreditation, climate finance, development of project proposals for GCF, etc.
  • 2 national organizations, namely a commercial bank Hamkorbank and the Fund for Reconstruction and Development of Uzbekistan, have been selected for further support in GCF accreditation.
  • A pipeline of climate-related national projects seeking funding from GCF has been established. It consists of 9 project ideas, for a total amount of USD 214.9 million, selected by the Interagency Working Group (IWG) and National Designated Authority (NDA) - Uzhydromet.
  • A Secretariat is being established to support in carrying-out the functions of the National Designated Authority (NDA) in identifying and selecting national project ideas, sustaining a climate-related projects pipeline, as well as assisting national organizations in the process of accreditation at the GCF.
  • A draft Manual on developing project proposals for GCF funding has been prepared by the team of national experts.
  • An online platform (www.gcf.climatechange.uz) with information on climate finance and access to GCF funds has been created.
  • A partnership with leading think-tank institutions, the Institute of Forecasting and Macroeconomic Research and the Center for Economic Research, has been established to sustain and promote institutional capacity on climate finance.

Future Interventions

  • Further support in the process of accreditation of 2 national organizations at GCF;
  • Complete Investments and Financial Flows (I&FF) Assessment in industrial, agricultural and social sectors;
  • Develop concept notes/funding proposals for at least 2 projects, jointly with national and international experts, to be submitted to GCF for funding;
  • Develop a handbook on assessment of project proposals prepared for GCF funding;
  • Identification of new project ideas, seeking GCF funding, for further inclusion to the climate-related national projects pipeline.
  • Provide assistance to NDA and ensure sustainability and effectiveness of the Secretariat.

The financial needs for Uzbekistan to effectively mitigate and adapt to climate change are significant. With the operationalization of the Green Climate Fund (GCF), emerging programmes, which support readiness activities to access its funds, and the recently adopted international climate agreement, this is a unique and timely opportunity for Uzbekistan to develop its institutional architecture for the effective, efficient, and sustainable management of climate finance.

The Green Climate Fund is the only financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), which is fully dedicated to financing the adaptation and mitigation needs of developing countries.

The UN Environment, United Nations Development Programme (UNDP) and World Resources Institute (WRI) joint “Green Climate Fund (GCF) Readiness Programme in Uzbekistan”, funded by the Federal Ministry of Environment, Nature Conservation, Building and Nuclear Safety (BMUB) through UNEP Trust Fund, has been endorsed by the BMUB-UNEP Board in January 2016.

The project document was signed between UNDP and the Center of Hydrometeorological Services under the Cabinet of Ministers of the Republic of Uzbekistan (i.e. Uzhydromet as a national implementing partner agency) on 22 June, 2016.

The overall objective of the project is to support the Government of Uzbekistan in strengthening their national capacities to effectively and efficiently plan for, access, manage, deploy and monitor climate financing in particular through the GCF. These activities shall be planned and implemented in line with national policies and priorities.

 

Project’s Main Activities

The Programme will target two important aspects of the GCF approach: access to funds and private sector engagement, both of which require significant preparatory work before GCF financing will be possible at scale. The GCF Readiness Programme will focus on a range of preparatory activities. These are:

  • Building and strengthening the institutional capacity of national entities in Uzbekistan, with a focus on enabling direct access;
  • Helping Uzbekistan to prepare climate change mitigation and adaptation investment strategies, programmes and projects, including through the active involvement of the private and financial sectors.

 

Project Components

The GCF Readiness Programme, delivered in partnership with UN Environment and UNDP, will implement the four project components through cooperation and collaboration by all relevant government agencies, LFIs and other stakeholders, and lay out some potential GCF Readiness measures identified during consultations at different levels:

 

·         Increasing awareness of and understanding the GCF, its processes, priorities and coordination on climate finance;

·         Building capacities to develop a pipeline of climate projects and attract investment;

·         Investment frameworks for adaptation and mitigation detailing financial needs to address climate change, and sources of funding;

·         Training of Uzbekistan Local Financial Institutions (LFIs) and private sector institutions, to effectively identify and evaluate proposals for climate finance.

 

 

ACHIEVEMENTS

■ More than 500 people, 187 of whom are women, have enhanced their knowledge and skills through 13 workshops, roundtables and meetings, organized by the project, on GCF standards and requirements, GCF accreditation, climate finance, development of project proposals for GCF, etc.

2 national organizations, namely a commercial bank Hamkorbank and the Fund for Reconstruction and Development of Uzbekistan, have been selected for further support in GCF accreditation.

A pipeline of climate-related national projects seeking funding from GCF has been established. It consists of 7 project ideas, for a total amount of USD 257.45 million, selected by the Interagency Working Group (IWG) and National Designated Authority (NDA) - Uzhydromet.

A Secretariat is being established to support in carrying-out the functions of the National Designated Authority (NDA) in identifying and selecting national project ideas, sustaining a climate-related projects pipeline, as well as assisting national organizations in the process of accreditation at the GCF.

A draft Manual on developing project proposals for GCF funding has been prepared by the team of  national experts.

An online platform (www.gcf.climatechange.uz) with information on climate finance and access to GCF funds has been created.

A partnership with leading think-tank institutions, the Institute of Forecasting and Macroeconomic Research and the Center for Economic Research, has been established to sustain and promote institutional capacity on climate finance.

 

 FUTURE INTERVENTIONS

■ Further support in the process of accreditation of 2 national organizations at GCF;

■ Complete Investments and Financial Flows  (I&FF) Assessment in industrial, agricultural and social sectors.

■ Develop concept notes/funding proposals for at least 2 projects, jointly with national and international experts, to be submitted to GCF for funding;

■ Develop a handbook on assessment of project proposals prepared for GCF funding;

■ Identification of new project ideas, seeking GCF funding, for further inclusion to the climate-related national projects pipeline.

■ Provide assistance to NDA and ensure sustainability and effectiveness of the Secretariat.

 

 

 

Partners

logo-unep

The United Nations Environment Programme (UNEP) is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment.

logo-undp

UNDP works in nearly 170 countries and territories, helping to achieve the eradication of poverty, and the reduction of inequalities and exclusion. UNDP works on helping countries to develop policies, leadership skills, partnering abilities, institutional capabilities and build resilience in order to sustain development results.

logo-uzhymet

Centre of Hydrometeorological Service at Cabinet of Ministers of the Republic of Uzbekistan is the state governing body specially authorized for the solution of tasks in the field of hydrometeorology in the Republic of Uzbekistan.

Funded by

logo-bmub

For more than 25 years BMUB has worked to protect the public from environmental toxins and radiation and establish an intelligent and efficient use of raw materials. BMUB has advanced climate action and promoted a use of natural resources that conserves biodiversity and secures habitats.

SUMMARY INFORMATION
Project duration:
July 2016 - April 2018.

Partners:
Ministry of Economy, Ministry of Finance, State Committee for Ecology and Environmental Protection, Ministry of Agriculture and Water Resources, Fund for Reconstruction and Development of Uzbekistan, national banks, central and regional municipal authorities.

Geographic Coverage:
The entire territory of the Republic of Uzbekistan.

Total budget:
1,589,458 USD

Contribution to the National Programmes and SDGs:
The project contributes to the achievement of the National Action Programme on Environment Protection for 2013-2017, Programme for Reducing Energy Intensity and Introduction of Energy Saving Technologies for the period of 2015-2019, and supports Uzbekistan in meeting its obligations with regard to the UN Framework Convention on Climate Change (UNFCCC). It also contributes to the achievement of Sustainable Development Goal 13 - taking urgent actions to combat climate change and its impact by supporting the development of national projects aimed at mitigation and adaptation to climate change.