Building Readiness of the Private Sector in Bangladesh for Green Climate Fund (GCF) Accreditation
The Government of Bangladesh (GoB) has taken a number of prudent steps to create an enabling environment for the private sector to accelerate overall national economic development. Bangladesh being particularly vulnerable to the impacts of climate change, and its economy highly dependent on the private sector that significantly contributes to the Gross Domestic Product and employment, requires proactive support from private sector to also better invest in and implement climate action.
- Awareness raising – Informing private sector on the opportunity presented by climate compatible development and the GCF and building consensus on the role of the private sector in addressing climate change in Bangladesh.
- Institutional Assessment – Support the Government of Bangladesh with information to help with an informed decision making process for selection of right entity/entities for accreditation to Private Sector Facility.
- Strengthening institutional capacities – Support private banks and financial institutions to gain strategic access to and use of climate finance resources for implementation of climate mitigation and adaptation activities.
A toolkit aims to address this situation, providing a snapshot of GCF mechanisms, processes and procedures, giving potential applicants the necessary information to effectively engage with the fund and its Private Sector Facility (PSF). It is designed for use by commercial banks, micro, small and medium-sized enterprises (MSMEs), suppliers and manufactures or investors that want to channel and manage GCF funds towards climate-relevant projects and programmes, or develop and implement projects themselves.
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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