GREEN

ENGAGEMENT WITH THE GCF CLIMATE

FUND
COOPERATION BETWEEN THE GCF AND VIETNAM NDA
15 October 2021

Diane McFadzien
Regional Manager for Asia Pacific
dmcfadzien@gcfund.org
AGENDA

1. GCF Overview
2. Programming Support Overview
3. Financing Windows
 A BRIEF HISTORY

Initial Resource Mobilization GCF – 1

USD 7.2B USD 10.2* billion

Established First Board First Projects

at COP16 Meeting Approved

2010 2011 2012 2014 2015 2019 2020 2021 2023

Governing USD 7.2b+ § 190 Projects – USD 10.0B

Instrument received for IRM § USD 6.1B under implementation
§ 64% of portfolio implemented by Direct Access Entities
§ 455 Readiness Grants USD 311.8M

Data: 13 October 2021

VIET NAM APPROVED FUNDED ACTIVITIES
TOTAL APPROVED FUNDING I $148.2M GCF FINANCE
Projects ($146.0M GCF Finance)
• FP125 - Strengthening the resilience of smallholder agriculture to climate change-induced water
insecurity in the Central Highlands and South-Central Coast regions of Vietnam (UNDP)
• FP071 - Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam (World Bank)
• FP013 - Improving the resilience of vulnerable coastal communities to climate change related
impacts in Viet Nam (UNDP)
Readiness ($2.2M GCF Grants)
• VNM-RS-001 - NDA Strengthening + Country Programming (NDA)
• VNM-RS-002 - Viet Nam National Adaptation Plan (NAP) Development and Operationalisation
Support Project (UNDP) 4
VIET NAM ACCREDITED ENTITY
VIETNAM DEVELOPMENT BANK (VDB)

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VIET NAM PIPELINE
TOTAL PIPELINE I 12 PROJECTS I $817M GCF FINANCE
• Funding proposal – 1 multi-country proposal
• Concept Notes – 9 concept notes (with 1 SAP concept note)
• Readiness – 2 proposals

Funding Proposal (Multi-Country)

• Sustainable Renewables Risk Mitigation Initiative (SRMI) Facility (Phase 2) (World Bank)

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VIET NAM PIPELINE
TOTAL PIPELINE I 12 PROJECTS I $817M GCF FINANCE
Concept Notes
• Smart And Efficient Lighting Project (SELP) (ADB)
• Solar + Storage Vietnam (MAAML)
• La Gan Offshore Wind Farm
• Scaling up climate resilient irrigated agriculture (CRIA) to enhance the resilience and adaptive capacity of the vulnerable
farmers in Viet Nam (ADB)
• Climate Adaptive Integrated Flood Risk Management Project (CAIFRMP) (ADB)
• Reduced Emissions through Climate Smart Agroforestry (RECAF) (or Achieving emission reductions in the Central
Highland and South Central Coast region of Viet Nam to support National REDD+ Action Programme goals) (IFAD)
• Vietnam REDD-plus results-based payments for results period of 2014 (JICA)
• Climate Adaptation through Irrigation Modernization Project (CAIMP) (ADB)
• [SAP] Climate Adaptation and Resilience in Thua Thien Hue Province (CARe Hue) (LuxDev)
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 GCF PROGRAMMING OVERVIEW

READINESS
(including PROJECT
NDCs adaptation CONCEPT FUNDING
COUNTRY PREPARATION
NAPs planning) NOTES FACILITY
PROPOSALS
LEDS PROGRAMME PROJECTS
TNA

What gaps need to be filled to build a robust pipeline?

What sectors, what projects Which entity(ies)

are a priority for the country? is the most suitable to
deliver the pipeline?
 GCF TECHNICAL SUPPORT AVAILABLE

READINESS CONCEPT
COUNTRY PROJECT
(including adaptation NOTES/
PROGRAMME PREPARATION
planning) (FUNDING FACILITY
PROPOSALS) Projects

1 2 3 4 5
Country Programming Readiness Proposal NAP Proposal Project Development PPF Service
Development Development Development
üRoster of firms can üGCF Regional Team üRoster of consultants üRoster of consultants üOne project
provide technical can provide early with expertise in with experience development firm,
support tailored to conceptualization and developing NAP developing funding which will work directly
meet specific country development support. proposals. proposals can provide with AEs will be
needs. targeted support for selected from a roster
ü2 consultants can CNs/FPs of independent project
üIndividualized SOW provide in-depth development firms.
can be developed for drafting and üConsultants can help
specific needs development support. to develop PPF üSimplified PPF
applications or TORs funding
for PPF Service 9
GCF FUNDING WINDOWS

Standard project/programme window

Simplified Approval Process

Enhanced Direct Access

Mobilizing Funds at Scale

First pilot programme for MSMEs

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