Insights

GCF insight #21

Enhancing private sector investment in tackling climate change through the Green Climate Fund

GCF insight #21

Download your copy of the 21st GCF insight report today

The 21st edition of the GCF insight report is out now. This latest report includes key insight from stakeholders and provides intuitive ideas for improving the Green Climate Fund’s accessibility.

The climate finance goal of the Paris Agreement was set at USD 100 million in 2015. However, in the 2021 United Nations Conference on Trade and Development, it was stated that developing countries will need USD 300 billion annually by 2030 to avert catastrophic climate change. So how do we bridge the gap between what we currently have and what is likely to be needed? The answer: The private sector.

This latest study builds upon our 19th GCF insight report, which also focused on the private sector. In the earlier edition, stakeholders told us about multiple hurdles relating to them working with the GCF. This included limited access to the Fund, especially for small and medium-sized enterprises (SMEs), lengthy timelines compared to other sources of funding, and the difficulty associated with accreditation.

The 21st edition explores perceptions of how each of these challenges can be overcome, including reactions to changes the GCF has already made relating to the Private Sector Facility (PSF). By understanding how such changes are received by the private sector, we can begin to see whether more private sector companies are likely to pursue the GCF as an opportunity for climate finance.

So what did we learn?

Find out by downloading our latest report here – GCF insight #21 – ‘Enhancing private sector investment in tackling climate change through the GCF’.

About GCF insight

This survey and report is an initiative of E Co., and emerges from work we are doing to accelerate low-carbon climate-resilient development. E Co’s team of consultants designed and administered the survey which was used to inform and prepare this report. We also conducted interviews and a survey to get a more in-depth understanding of issues and solutions. E Co. conducted this research independently and is not affiliated with the Green Climate Fund (GCF), the GCF Secretariat, or donors. The views expressed in this report are those of the authors and do not represent those of the GCF. Nothing in the interviews or any information or material relating thereto shall be construed as implying any official endorsement of, or responsibility on, the part of the GCF.

About E Co.

E Co. is a leading climate finance and development consultancy headquartered in London, based globally. We provide consulting support to access climate finance from the GCF (and other funds and donors) across several service areas, including: market assessment, strategy formulation, policy development, monitoring and evaluation, fund support and training. However, we may be best known for our programme and project design services in response to the Fund’s criteria and processes.

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