Japan’s efforts in introducing next generation projects ...copjapan.env.go.jp › cop23 ›...
Transcript of Japan’s efforts in introducing next generation projects ...copjapan.env.go.jp › cop23 ›...
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Japan’s efforts in introducing next generation projects and innovative
business models through the Green Climate Fund7 November 2017 @ Japan Pavilion
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Contents Opening remarks (5 min)
Mr. Ryuzo Sugimoto, the Ministry of the Environment, Japan
Keynote speeche (15 min)“Perspectives for enhancement of GCF project/programme development” (TBC)
Mr. Alastair Morrison, GCF Secretariat
Panel discussion (50 min) Facilitator: OECC “Development of next generation GCF projects: Essential elements for defining a paradigm shift and introducing innovative business/financial models”
Framing presentation (10 min) Enhancement of capacities: Access to GCF finance and development of next generation projects” Mr. Makoto Kato, OECC
Panel discussion (40 mins): GCF secretariat. AEs (FAO, SPREPS. JICA), NDAs (Maldives, Mongolia), GCF board member
Q&A session (20 mins):Light refreshment will be served after the event
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Opening remarks
Mr. Ryuzo Sugimoto, the Ministry of the Environment, Japan
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Keynote speech
Mr. Alastair Morrison, GCF Secretariat
Perspectives for enhancement of GCF project/programme development”
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Framing presentation:
Development of next generation GCF projects: Essential elements for defining a paradigm shift and introducing innovative business/financial models
Enhancement of capacities: Access to GCF finance and development of next generation projects
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Programme on facilitation of project development utilizing the Green Climate Fund in JFY2017
Fund: the Ministry of the Environment, Japan Aim:
• Facilitation of GCF project development• Building sufficient capacities to develop concept note/funding
proposal
How?
Country programme
Entity programme
Pipeline development
Funding proposals
Project implementation
Results & learning
Basic survey on access to GCFBasic survey on access to GCF
Study Group on access to GCF financeStudy Group on access to GCF finance
Capacity-building support for next generation project developmentCapacity-building support for next generation project development
Information dissemination and CB support on access to GCFInformation dissemination and CB support on access to GCF
MUMSS
MUMSS
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Overviews of GCF activities
•Potential to contribute to achievement of Fund's objectives and result areas
Impact potential
•Long‐term impact beyond a one‐off investment
Paradigm shift potential
•Wider economic, environmental, social (gender) co‐benefits
Sustainable development potential
•Country ownership and capacity to implement (policies, climate strategies and institutions)
Country ownership
•Economic and, if appropriate, financial soundness, as well as cost-effectiveness and co-financing for mitigation
Efficiency & effectiveness
•Vulnerability and financing needs of beneficiary in targeted group
Responsive to needs of recipients
Since 2015, 58 GCF projects/programmes are approved 8 strategic results area 6 Investment criteria 59 AEs, 144 NDAs/focal points
strategic results area
Investment criteria
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Lesson and Challenges identified by GCF secretariat
Focus on climate resultsClear benefits in terms of emission reductions (e.g. substitution of fossil fuels) or improving the resilience of infrastructure or livelihoods against climate change
Transformative and innovativeUsing innovative financing models, technical solutions, improving regulatory framework, or allowing projects that could not happen
Creating an enabling environmentCreating a regulatory framework conducive to public and private sector investment is key to achieving transformational outcomes.
• Laws and policy, • regulatory bodies, • contracts, • incentives (subsidies, tax breaks…)
Provision of cofinancing by other donors, Government or local private partners
Concessionality benefitting final userse.g. accessing cheaper loans, lower electricity tariffs 8
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Investment Criteria – Attention Points
Viability and Sustainability
• Is the proposal economically and financially sound?
• Can results be sustained after GCF funding ends?
• Is there a plan and budget for operations and maintenance?
Efficiency and effectiveness
• Impact vs funding (e.g. $/tCO2)
• Justification for proposed financial instrument and funding amount
• Co-financing and crowd-in additional source of financing
Climate Impact Potential
• Is the linkage to climate change relevant, clear and strong?
• Is the methodology to calculate emission reductions robust?
• Is there a strong justification for increased resilience, based on evidence of climate impacts?
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Development of next generation GCF projects: Essential elements for defining a paradigm shift and introducing innovative business/financial models
Identify current barriers and challenges in country environment
Find essential element to overcome the barriers
Engage key stakeholders
Confirm sustainability
Paradigm shift
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Image of a “next generation project” with impact/paradigm shift potentials…..Case of Global Mobility Service Philippines
Ref: GMS overseas business model http://www.global-mobility-service.com/en/service/domestic.html
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Capacity-building support for next generation project development Training Programme on Developing Project Proposals for Climate Change
Date: 10 days training program in January - February 2018Place: SE asiaTraining content:
Module 1 – Understanding GCF operations from a project development point of view;Module 2-4 – Developing a GCF Project Concept note by
Elaboration of a logical framework, defining result areas and choosing a suitable Accredited Entity;
Complying with the GCF Investment Framework; Elaboration of implementation arrangements, ensuring stakeholder engagement,
complying with regulatory requirements, and carrying out risk analysisModule 5 – Developing next steps (road map)
Tailored mentoring services Individual online support Desk Knowledge product Webinar on special topics on proposal development
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Panel discussionDevelopment of next generation GCF projects: Essential elements for defining a paradigm shift and introducing innovative business/financial models
Accredited Entities Mr. Espen Ronneberg, SPREPMr. Ichiro Sato, JICAMr. Nicholas Ross, FAO (TBC)
National Designated Authorities Mr. Amjad Abdulla (Maldives)Mr. Batjargal Zamba (Mongolia)
GCF Board Ms. Diann Black-Layne (TBC)
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Panel discussionGuiding question part 1
1. Given more than 50 projects approved, how do you evaluate this development by the GCF so far?
2. In order to take one step forward for a paradigm shift, what kind of aspect should we take account in project design? (e.g. modes of finance, proposing a new business models, involvement of stakeholders and partners etc.)
3. Some GCF Board members and relevant key stakeholders expressed concerns that many of the approved GCF projects do not fully meet the requirement to demonstrate a paradigm shift potential. What should be done by the GCF community and other interested parties to rectify this situation?
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Panel discussionGuiding question part 1
1.Given more than 50 projects approved, how do you evaluate this development by the GCF so far?
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Panel discussion:Guiding question part 2
4. How do we ensure a value-added climate actions by mobilizing the GCF finance?
5. What should be done to ensure that a paradigm shift or a transformational change induced by a GCF project is sustainable and long-lasting and it will not be reverted upon the project completion?
6. The GCF Governing Instrument stipulates that “…the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways”. What are the key differences between such a paradigm shift and traditional climate change adaptation and mitigation projects?
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Thank you for your attentions!
OECC: Makoto Kato ([email protected])Emiko Matsuda ([email protected])
AIT/RRC.AP:Alla Metelitsa ([email protected]) Lyan Villacorta ([email protected])
Contact information
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