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Consideration of Funding Proposals – Addendum Funding Proposal Package for FP015

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Meeting of the Board 28 – 30 June 2016 GCF/B.13/16/Add.07 Songdo, Incheon, Republic of Korea Provisional agenda item 12(e) 8 June 2016 Consideration of funding proposals – Addendum Funding proposal package for FP015 Summary This addendum contains the following three parts: a) A funding proposal titled “Tuvalu coastal adaptation project” submitted by United Nations Development Programme (UNDP); b) A no-objection letter issued by the national designated authority or focal point; and c) Environmental and social report(s) disclosure. The documents are presented as submitted by the accredited entity, and national designated authority or focal point, respectively. GCF/B.13/16/Add.07 Page b Table of Contents Funding proposal submitted by the accredited entity No-objection letter issued by the national designated authority or focal point Environmental and social report(s) disclosure Project/Programme Title: Tuvalu Coastal Adaptation Project Country/Region: Tuvalu Accredited Entity: United Nations Development Programme Date of Submission: 30/03/2016 Contents Section A PROJECT / PROGRAMME SUMMARY Section B FINANCING / COST INFORMATION Section C DETAILED PROJECT / PROGRAMME DESCRIPTION Section D RATIONALE FOR GCF INVOLVEMENT Section E EXPECTED PERFORMANCE AGAINST INVESTMENT CRITERIA Section F APPRAISAL SUMMARY Section G RISK ASSESSMENT AND MANAGEMENT Section H RESULTS MONITORING AND REPORTING Section I ANNEXES Note to accredited entities on the use of the funding proposal template • Sections A, B, D, E and H of the funding proposal require detailed inputs from the accredited entity. For all other sections, including the Appraisal Summary in section F, accredited entities have discretion in how they wish to present the information. Accredited entities can either directly incorporate information into this proposal, or provide summary information in the proposal with cross-reference to other project documents such as project appraisal document. • The total number of pages for the funding proposal (excluding annexes) is expected not to exceed 50. Please submit the completed form to: [email protected] Please use the following name convention for the file name: “[FP]-[Agency Short Name]-[Date]-[Serial Number]” PROJECT / PROGRAMME SUMMARY GREEN CLIMATE FUND FUNDING PROPOSAL | PAGE 1 OF 66 A A.1. Brief Project / Programme Information A.1.1. Project / programme title Tuvalu Coastal Adaptation Project (TCAP) A.1.2. Project or programme Project A.1.3. Country (ies) / region Tuvalu A.1.4. National designated authority (ies) Hon. Enele Sosene Sopoaga, Prime Minister A.1.5. Accredited entity United Nations Development Programme A.1.5.a. Access modality ☐ Direct ☒ International Executing Entity: United Nations Development Programme Beneficiary: Climate Change Policy Unit, Department of Environment, Public Works Department, Department of A.1.6. Executing entity / beneficiary Lands and Survey, Department of Rural Development, Ministry of Education Total number of beneficiaries (# of people): approximately 3,100 direct beneficiaries and 3,499 indirect beneficiaries ☒ A.1.7. Project size category (Total investment, million ☐ Micro (≤10) Small (10<x≤50) USD) ☐ Medium (50<x≤250) ☐ Large (>250) A.1.8. Mitigation / adaptation focus ☐ Mitigation ☒ Adaptation ☐ Cross-cutting 3 October 2015 A.1.9. Date of submission 2 December 2015 Date of re-submission 30 March 2016 2 May 2016 Contact person, position Yusuke Taishi Organization United Nations Development Programme A.1.10. [email protected] Project Email address contact +66-2-304-9100 Ext. 5015 details Telephone number United Nations Service Building, 4th Floor Mailing address Rajdamnern Nok Avenue, Phranakorn Bangkok 10200 Thailand A.1.11. Results areas (mark all that apply) Reduced emissions from: Energy access and power generation ☐ (E.g. on-grid, micro-grid or off-grid solar, wind, geothermal, etc.) Low emission transport ☐ (E.g. high-speed rail, rapid bus system, etc.) Buildings, cities and industries and appliances ☐ (E.g. new and retrofitted energy-efficient buildings, energy-efficient equipment for companies and supply chain management, etc.) Forestry and land use ☐ (E.g. forest conservation and management, agroforestry, agricultural irrigation, water treatment and management, etc.) Increased resilience of: ☒ Most vulnerable people and communities PROJECT / PROGRAMME SUMMARY GREEN CLIMATE FUND FUNDING PROPOSAL | PAGE 2 OF 66 A (E.g. mitigation of operational risk associated with climate change – diversification of supply sources and supply chain management, relocation of manufacturing facilities and warehouses, etc.) Health and well-being, and food and water security ☐ (E.g. climate-resilient crops, efficient irrigation systems, etc.) ☒ Infrastructure and built environment (E.g. sea walls, resilient road networks, etc.) ☐ Ecosystem and ecosystem services (E.g. ecosystem conservation and management, ecotourism, etc.) A.2. Project / Programme Executive Summary (max 300 words) 1. The proposed GCF project will enable the Government of Tuvalu (GoT) to implement measures that are urgently required to reduce the impact of increasingly intensive wave action on key infrastructure as a result of climate change induced sea-level rise and intensifying extreme events. Financial and capacity constraints at all levels – from technical to community awareness – that have prevented a sustainable coastal protection solution will be addressed. With GCF financing, it is expected that 35% of high-value vulnerable coasts (2,780m in length) will be made more resilient to withstand the effects of increased wave intensity, compared with the baseline of 7% (570m). The targeted GCF investments will occur at locations that have high concentration of residences. Expected direct benefits are significant with 3,100 people or 29% of the total population in Tuvalu benefiting from the mitigated impact of future wave overtopping events. The project will also strengthen institutional and community capacities for sustaining and replicating project results. 2. Building coastal resilience is an urgent national priority and the formulation of this project has been led at the highest political level and the scope of the project has been fully discussed and devised by a Technical Working Group comprising key Government departments and NGO associations, representing communities. 3. The proposed project leverages domestic financing (USD2.86 million) and is a non-revenue generating public good. Grant funding is therefore requested. The Prime Minister of Tuvalu, who is the NDA to the GCF, has issued a letter of no-objection for the proposed project that is very much country-driven and owned and has had significant input into the proposal. A.3. Project/Programme Milestone Expected approval from accredited entity’s 29 September 2015 Board (if applicable) Expected financial close (if applicable) TBD (Date of agreement on the FAA between UNDP and GCF) Start: 01/10/2016 Estimated implementation start and end date End: 30/09/2023 Project/programme lifespan 40 years FINANCING / COST INFORMATION GREEN CLIMATE FUND FUNDING PROPOSAL | PAGE 3 OF 66 B B.1. Description of Financial Elements of the Project / Programme 4. Grant financing is requested from the GCF to reduce the impact of increasingly intensive wave activity, through the compounding effects of sea-level rise and intensifying storm events, that is amplifying coastal inundation and erosion. It is evident and well accepted that the effects of climate change will only worsen coastal inundation and erosion in Tuvalu. The GCF grant will increase the coverage of coastal protection from the baseline 570m to 2,780m benefiting nearly 29% of the entire population. The GCF investments on coastal protection are directed at coastlines in three islands (Funafuti, Nanumea and Nanumaga) along areas that have a high concentration of houses, schools, hospitals and other social and economic assets (henceforth referred to as “high-value” coastline)1. 5. Tuvalu is a Least Developed Country with a total population of 10,640. The relatively high per capita income is considered “barely sufficient to cover the high economic cost of business in Tuvalu given its geographic remoteness and relatively limited economic size2. National income is heavily dependent on volatile foreign aid, and external indebtedness is high. 6. Tuvalu’s livelihood and economic assets were recently devastated by Tropical Cyclone Pam. According to the Tuvalu Tropical Cyclone Pam Report and Recovery and Vulnerability Reduction Plan, the total loss and damages were estimated to be approximately US$10.34 million or 26.9% of the GDP3. Moreover, short, medium, and long-term recovery and vulnerability reduction activities across eight sectors4 are estimated to require a further US$67.64 million. The economic damages and the cost of recovery mean that many years’, if not decades’, worth of development was undone in the matter of days and impose additional burdens on the sustainable development path for Tuvalu. Tropical cyclones are expected to increase in intensity as climate change becomes more pronounced, and compounded by rising sea levels, the protection of the country’s vulnerable coastlines becomes of utmost importance. Two of the three target islands in the GCF project (Nanumea and Nanumaga) are among the four islands hardest hit by Cyclone Pam. 7. Despite the extreme level of vulnerability, Tuvalu currently does not have a single engineered coastal protection infrastructure project that is thought to withstand current and future impacts
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