GCF insight seeks to understand what’s working – and what’s not working – in Green Climate Fund (GCF) project development. This edition explores cross-cutting projects and the balance between mitigation and adaptation projects.
Key findings:
- The Green Climate Fund’s portfolio and pipeline clearly show the importance of cross-cutting projects, but it is unclear what that says about the adaptation-mitigation balance due to the lack of transparent, quantifiable rules for what counts as a cross-cutting project.
- While the majority of the Fund’s stakeholders believe that their cross-cutting projects strike a good balance between mitigation and adaptation, they also realise that labelling a project as cross-cutting can give them a competitive advantage.
- Determining hard requirements for the definition of cross-cutting projects is difficult, especially since national context should be taken into consideration in such a definition.
- To clarify the true balance between adaptation and mitigation in its funding, the GCF should provide clearer guidance with regard to what projects can be considered cross-cutting.
Find out by downloading our latest report here – GCF insight #4 – ‘Cross-cutting projects and the mitigation-adaptation balance’.
About GCF insight
Our initial survey and report is an initiative of E Co., emerging from work we are doing to develop low-carbon, climate-resilient projects. E Co’s team of consultants designed and administered the survey which was used to inform and prepare this report. E Co. has conducted this research independently and is not affiliated with the GCF, the GCF Secretariat or donors. The views expressed in this report are those of the authors and do not represent those of the Green Climate Fund. 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 Green Climate Fund.