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TWN Info Service on Climate Change (Apr17/04)
17 April 2017
Third World Network


Financing for climate technologies available from Green Climate Fund- UNFCCC Technology Committee told

Kuala Lumpur, 17 April (Hilary Chiew) – The current modalities of Green Climate Fund (GCF) is suitable to provide support for the financing of climate technologies, said a representative from the GCF’s Secretariat.

Representing the GCF Secretariat at the 14th meeting of the Technology Executive Committee (TEC) in Bonn (28-31 March 2017), Juan Hoffmaister said an important signal to send to the GCF’s Accredited Entities (AEs) and National Designated Authorities (NDAs) is that there is no need for them to wait further to seek funding for the technology needs that they had identified.

Hoffmaister provided this information at the 14th meeting of the UNFCCC’s Technology Executive Committee (TEC14) which met from 28 and 31 March in Bonn, Germany.

“The Board has made it explicit that readiness resources as well as resources for project preparation from the Project Preparation Facility(PPF) are available for facilitating access to environmentally-sound technologies and for collaborative research and development,” said Hoffmaister at the meeting.

“Should a country come to GCF to seek support for formulating its Technology Needs Assessment (TNA), it could use resources from the ‘Readiness fund’ or if it had something from its Technology Action Plan (TAP), the PPF is there. There is no need for countries to wait,” stressed Hoffmaister when addressing the TEC meeting that was deliberating on the agenda item on follow-up activities on climate technology financing.

(Following the outcomes of the 22nd Conference of the Parties to the UNFCCC (COP22) on linkages between the Technology Mechanism (TM) and the Financial Mechanism (FM), the TEC and the Climate Technology Centre and Network (CTCN) and the operating entities (OEs) of the FM are encouraged to enhance the involvement of relevant stakeholders as they undertake actions to strengthen the linkages between the TM and FM. The COP also invited the TEC, the CTCN and the OEs of the FM to provide information on their actions in strengthening the linkages between the TM and FM in their annual reports to the COP for guidance on further actions if needed.)

Hoffmaister was referring to the decisions adopted at the GCF Board’s 14th meeting in October 2016, which also further requested the GCF Secretariat to prepare a document for consideration by the Board at its 17th meeting (in July 2017) on identifying concrete options on how the GCF can support collaborative research and development on climate technologies in developing countries.

“One important point we (in the GCF) are struggling with is the relationship between the NDA (of the GCF) and the National Designated Entity (NDE of the CTCN) ... there is disconnect. These are (possibly) entities sitting not too far from each other. We encourage them to work together and we are working with the CTCN to figure this out,” he added.

(The NDAs of the GCF and the NDEs of the CTCN are the relevant contact points in the government in developing countries of the respective institutions).

Hoffmaister also said that the 14th GCF Board decision also encourages the NDAs to coordinate with the CTCN’s NDEs in order to enhance cooperation. It also requested the Secretariat to provide recommendations on further steps to enhance cooperation and coherence for consideration by the 17th Board meeting, and in the context of the Fund’s operational framework on complementarity and coherence and the annual event with the thematic bodies of the UNFCCC.

He also elaborated on the opportunities for consideration of technologies in the GCF Secretariat’s programming through its country and entity programmes where it hopes the Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs) and TNAs are taken on board and translated into what countries are putting forward as their country programming efforts.

“Ultimately, we do not want this effort to be out there for nothing. They need to be oriented towards enriching the pipeline the GCF can invest in,” he said.

Citing the example of a funding proposal that was approved by the GCF Board at its 15th meeting in Samoa, in December 2016, Hoffmaister pointed out that the proposed project was developed based on Mongolia’s TNA, adding that “it is an example that the collaboration and the linkage between the TM and FM is possible. It is a positive example but it is not a trend (yet),” he added.

Hoffmaister was referring to the approval by the GCF Board of a US$20mil for the funding proposal submitted by XacBank, of Mongolia in relation to investments in energy efficiency and renewable energy projects.

He said the GCF is expecting to have the Chair of the TEC and the CTCN to join the 17th Board meeting (to be held in July this year) in their capacity as experts.

The TEC task force member Elfriede More (Austria) reported that the TEC has undertaken a series of activities on climate technology financing.

She said the TEC is considering follow-up activities following the outcomes of COP22 on linkages between TM and FM where the TEC acknowledged the need to achieve coherence and maintain interactions with other relevant institutional arrangements under and outside of the Convention. She said the TEC has identified possible areas of collaboration between the TEC, the GCF, the Global Environment Facility (GEF) and the Standing Committee on Finance based upon their respective work plans.

On possible follow-up activities with the GCF, More said the TEC is undertaking activities on innovation and research, development and demonstration (RD&D) in the form of a technical paper on enhancing RD&D financing for climate technologies and the TEC may wish to present the outcomes of its work on innovation and RD&D to the GCF at its 17th Board Meeting.

On possible follow-up activities with the GEF, she informed that the TEC initiated collaboration with the GEF in evaluating the Poznan Strategic Programme on technology transfer. She said the TEC may wish to consider providing policy advice on measures to create an enabling environment for technology development and transfer in developing countries and an analysis of the barriers that hamper project/programme implementation; and in providing inputs into the work undertaken by the Scientific and Technical Advisory Panel of the GEF on innovative policy and packages and market initiatives to foster a new range of mitigation actions.

With the SCF, More said the TEC may wish to provide inputs into the review of the FM; provide inputs into preparing a biennial assessment and overview of climate finance flows, building on the analytical work on TNAs and other sources of information, such as national communications; and providing inputs into organising a forum for communication and continued exchange of information among bodies and entities dealing with climate change finance.

Update of the Poznan Strategic Programme on Technology Transfer (PSP) evaluation report

In response to the invitation of the 43rd session of the UNFCCC’s Subsidiary Body for Implementation (SBI), the TEC is to update its evaluation report of the PSP to include experiences and lessons learned from the PSP climate technology transfer and finance centres and the pilot projects of the fourth replenishment of the GEF.

The taskforce on climate technology finance is to the prepare terms of reference for updating the PSP evaluation report for consideration by TEC14, building on the previous evaluation undertaken by the TEC in 2015.

Task force member Elfriede More (Austria) presented to members the possible process for the evaluation which included inviting the GEF to provide inputs, finalise the evaluation report at TEC 15 (Sept 2017) and submit report to SBI 47 (Nov 2017).

Members deliberated on the matter and decided that the evaluation is to be conducted between Sept 2017 and March 2018; provide an update on its progress in undertaking the evaluation at SBI47 (Nov 2017); prepare the evaluation report for consideration of the TEC at its 16th meeting in March 2018.

(Another article on the meeting will follow).

 


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