GCF SPOTLIGHT LEAST DEVELOPED COUNTRIES (LDCs) as of 21 August 2020

The Green Climate Fund (GCF) is the world’s largest fund dedicated to supporting developing countries to mitigate and adapt to .

GCF FUNDING (USD) GCF GLOBAL PORTFOLIO (USD)

LD Cs (1 .7b 2.4b ) 2 1.7b 8 % GCF funding* Co-financing

6.2b 54 37 Total GCF R

e funding Total approved GCF Projects s t

projects, including 5 under implementation o multiregional projects f G C F

fu nd ing (4.5b) 72%

DIRECT ACCESS ENTITIES READINESS SUPPORT

Acumen IDCOL AEPC MOE_Rwanda 120 83.3 BOAD MoFEC USD million

BTFEC MWE_UGA Total number Total value CRDB NCDDSecretariat of readiness of readiness CSE PKSF grants approved grants approved

DBSA SPREP

FNEC 111 39.2 USD million

Total number Total value of readiness of readiness Go to www.greenclimate.fund/about/partners/ae for more information grants disbursed grants disbursed on Accredited Entities and the GCF projects they support.

GCF SPOTLIGHT | Least Developed Countries (LDCs) GREENCLIMATE.FUND ADVANCING CLIMATE ACTION AND ACCELERATING RESILIENT RECOVERY

The Green Climate Fund in collaboration with its many stimulus measures that revive economies while fostering green, diverse partners supports developing countries to realize their resilient recovery. Many GCF-financed initiatives, such as the climate ambitions through a range of projects that include examples below, can achieve this dual objective – enhancing climate-smart farming, renewable energy, energy efficient climate action while delivering strong socioeconomic infrastructure, green transport, ecosystem services, and co-benefits, including job creation, poverty alleviation, natural resource conservation, among others. In the context of increased food security, improved air and water quality, more COVID-19, GCF can also help countries design climate-friendly resilient infrastructure and other positive development impacts. FEATURED – CASE STUDIES

Solar microgrids bring affordable Empowering coastal communities Crowding in private sector electricity to rural Haiti and women in Bangladesh funding for conservation in Solar-powered microgrids are the least The increasing frequency and severity Madagascar costly and most resilient and climate- of natural hazards, such as cyclones, In Madagascar, one of the countries friendly method of quickly delivering storm surges, and sea-level rise, is most vulnerable to climate change, reliable energy services in rural areas. accelerating saltwater intrusion into deforestation is a source of greenhouse In southern Haiti, GCF and the Nordic the freshwater resources of the coastal gas emissions (GHG) and degraded Environment Finance Corporation are belt of Bangladesh. Saltwater intrusion ecosystem services, despite a landscape building 22 community-scale solar plus causes changes to soil and water dominated by forests. In addition, battery storage micro-grids in areas chemistry, species composition and many small-scale farmers practice where no grid power exists. Using a ecosystem services. This adversely slash-and-burn agriculture. Given the “feminist electrification” approach to affects the productivity of freshwater country’s lack of capital for financing microgrid development and operations, dependent agriculture and, in turn, conservation activities and sustainable the project will provide affordable and people’s livelihoods, as well as the agribusinesses, GCF’s pivotal role is to reliable 24/7 access to modern energy availability and quality of drinking water be a bridge between largescale investors services, accompanied by technical among vulnerable populations. This and vulnerable communities. GCF and assistance to build the capacity of project with UNDP will strengthen the Conservation International are preparing women as microgrid entrepreneurs adaptive capacity of coastal communities, poor smallholders to overcome barriers and customers. The project provides an particularly women, to cope with the and access private sector investment. opportunity to highlight how solar energy, impacts of climate-induced salinity. Funds will be leveraged through the combined with storage, smart controls, GCF support is crowding in public and issuing of a pioneering Green/Climate and customer participation—from design private sector financing and mobilizing Bond. All returns and profits will be to consumption—can efficiently deliver community-level investments to sustain re-invested to capitalise a Climate affordable, high-quality energy services. long-term drinking water supply solutions. Change Trust Fund for Madagascar. GCF funding is essential for crowding in This project’s community-based This will enable sustained investment the necessary levels of project debt and approach empowers highly vulnerable in landscape-level adaptation and equity, enabling this innovative clean people, specifically women and girls, and mitigation measures to enhance energy project model to be replicated. empowers the former as ‘change agents’ smallholders’ resilience, reduce GHG who can plan, implement, and manage emissions, and channel private finance climate-resilient water supply. into climate-smart investments in agriculture and renewable energy. USEFUL – LINKS CONTACT

GCF fosters transformative List of projects For any enquiries please contact impact in developing [email protected] countries by unlocking the power of climate-friendly Follow us: investment for low-emission, climate resilient development. • Twitter @theGCF To achieve maximum • LinkedIn @green-climate-fund impact, GCF catalyses funds, Themes • Facebook @GCFOfficial multiplying the effect of its • Instagram @greenclimatefund initial financing by opening markets to new investments and de-risking projects to All rights reserved. make them bankable. © Green Climate Fund

GCF SPOTLIGHT | Least Developed Countries (LDCs) GREENCLIMATE.FUND