The high-level framework proposed provides that this should start with defining funding priorities that align with the updated NDCs, and include soliciting project concepts directly from the ministries, departments and agencies of government, MDAs, while aligning these project concepts with available climate finance sources, elaborating full proposals for project concepts with clear pathways to financing, and ensuring that the efficient approval, implementation and MRV processes are in place to...
The implementation of climate change mitigation and adaptation efforts in developing nations continue to be constrained by a lack of financial resources. For example, access to finance in developing countries is typically hindered by a lack of bankable projects.
The high-level framework proposed provides that this should start with defining funding priorities that align with the updated NDCs, and include soliciting project concepts directly from the ministries, departments and agencies of government, MDAs, while aligning these project concepts with available climate finance sources, elaborating full proposals for project concepts with clear pathways to financing, and ensuring that the efficient approval, implementation and MRV processes are in place to...
Development and implementation of NDC Sectoral Actions Plans in National Planning and Budgeting Processes that will form the basis for a credible pipeline of NDC-aligned projects that can be positioned for climate finance;
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Source: Daily Trust - 🏆 13. / 51 Read more »