The Green Climate Fund is moving quickly to build a large and transformative project portfolio, with many projects already being implemented with the objective to adapt and/or mitigate to climate change.
However, there is a need to simplify and streamline the approval of certain small scale projects, particularly from direct access entities. In response, the GCF’s Board has approved a new approach: the Simplified Approval Process Pilot Scheme (SAP), which is now operating.
The Board approved the first SAP project in February 2018 – an initiative by the Namibian direct access entity Environmental Investment Fund (EIF) to improve the ecosystem management practices of farmers.
Financing
Funding
Adaptation
Mitigation
Climate Change
Green Climate Fund (2018). GCF in brief: simplified approval process.
