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Building Readiness of the Private Sector in Bangladesh for Green Climate Fund (GCF) Accreditation

The Government of Bangladesh has taken a number of prudent steps towards creating an enabling environment for the private sector to accelerate national economic development. However, with its economy highly dependent on the private sector to significantly contribute to the GDP and employment and being particularly vulnerable to the impacts of climate change, the Government requires proactive support from private sector to invest in and implement better and smarter solutions to deal with climate change.

Under this project, we contributed towards raising the awareness of Bangladesh’s private sector on options for climate compatible development. We helped build a consensus on the role of the private sector in addressing climate change in Bangladesh, e.g. through GCF accreditation. We also developed toolkit to give private sector organisations a snapshot of GCF mechanisms, processes and procedures, giving them as potential applicants the necessary information to effectively engage with the fund and its Private Sector Facility. The toolkit was meant to be used by commercial banks, MSMEs, suppliers and manufactures, or investors that either want to channel and manage GCF funds towards climate-relevant projects and programs or develop and implement projects themselves.

We also carried out institutional assessments to support the Government in making informed decisions regarding selection of organisations/entities for accreditation and strengthened institutional capacities with the private sector by supporting banks and financial institutions in  gaining strategic access to and use of climate finance resources meant for the implementation of climate mitigation and adaptation activities.

Other Details

Start Date:04/01/2016
End Date:12/31/2016
Funded by:DFID, DGIS
Supplier(s):Acclimatise, International Centre for Climate Change Adaptation and Development (ICCCAD), International Institute for Environment and Development (IIED)


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