Knowledge for climate finance mobilization : codifying climate finance access constraints - a case study of Southern African institutions seeking to mobilize GCF resources
Date
2023
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Abstract
In pursuing access to climate finance from the Green Climate Fund, entities seek to become accredited as Direct Access Entities (DAEs) to channel the flow of catalytic climate finance to begin addressing national climate change priorities. The GCF’s accreditation process for DAEs is based on the ‘fit for purpose’ approach. This approach promotes the identification and matching of appropriate entity capacity with the relevant GCF requirements at several categories of accreditation. Becoming accredited as a DAE is often seen as the only gateway to accessing the GCF, one that takes significant time and resources to pass through. Understanding and addressing the wide array of capacity constraints DAEs and nominated entities seeking accreditation are faced with is therefore a critical concern for the southern Africa region.
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Keywords
CLIMATE FINANCE, DIRECT ACCESS ENTITIES, ACCREDITATION, SOUTH OF SAHARA