Enhancing climate action environment with an updated Country Programme, strengthening DAE to develop a pipeline of projects and effectively implement GCF funded activities

This 2021 proposal requests USD 307,918 from the Green Climate Fund to enhance Chile's climate action environment. The project focuses on updating the national Country Programme, strengthening the capacity of the Direct Access Entity (FYNSA), and developing a pipeline of at least five new project concept notes across public and private sectors. It aims to overcome barriers such as low private sector engagement, bureaucratic delays, and a lack of gender mainstreaming, aligning all activities with Chile's goal of achieving carbon neutrality by 2050.

• The proposal requests USD 307,918 over a 12-month implementation period to develop a Public & Private Sector Project Pipeline and establish an enabling environment for climate action in Chile.
• Chile has set an ambitious goal to achieve carbon neutrality by 2050, with a 2030 carbon budget of 1,100 MtCO2eq and a target of 95 MtCO2eq by 2030.
• The proposal identifies five primary barriers to effective climate action in Chile: lack of GCF awareness among stakeholders, bureaucratic delays in project application and disbursement, a Country Programme not aligned with updated GCF guidelines and NDCs, poor communication between the National Designated Authority (NDA) and Direct Access Entity (DAE), and a lack of gender sensitivity in climate action.
• A significant gap exists between identified and funded projects due to a lack of private investors willing to co-invest. Specific barriers for private investors include a lack of understanding of climate risks, overestimation of project risks, and uncertainty regarding GCF fund disbursement timelines.
• The project aims to increase the number of quality project concept notes by at least five, including two for the public sector and two for the private sector, as well as one concept note for the Enhanced Direct Access (EDA) programme to support sub-national small-scale investments.
• The proposal seeks to update the Country Programme (CP) to align it with Chile's updated NDC, Long Term Climate Strategy (LTCS), and the drafted Climate Change Law, ensuring a strategic vision for GCF investment.
• Capacity building efforts will focus on training stakeholders in GCF processes and gender policy, specifically targeting sectors such as green hydrogen, sustainable transport, energy efficiency, sustainable housing, water resource management, and disaster risk management.
• The implementation involves a coordinated structure where the Ministry of Finance acts as the NDA, the Ministry of Environment coordinates the Technical Secretariat (TS), and Finanzas y Negocios Servicios Financieros Limitada (FYNSA) serves as the DAE and delivery partner.
• The proposal includes the development of a 'Public Private Green Finance Roundtable' (PPGFR) to involve the financial sector, including the Central Bank of Chile, the Santiago Stock Exchange, and various associations of banks and pension fund managers.

APA

Green Climate Fund (2021). Enhancing climate action environment with an updated Country Programme, strengthening DAE to develop a pipeline of projects and effectively implement GCF funded activities. https://www.greenclimate.fund/sites/default/files/document/enhancing-climate-action-environment-updated-country-programme-strengthening-dae-develop-pipeline.pdf

Chicago

Green Climate Fund. Enhancing climate action environment with an updated Country Programme, strengthening DAE to develop a pipeline of projects and effectively implement GCF funded activities. 2021. https://www.greenclimate.fund/sites/default/files/document/enhancing-climate-action-environment-updated-country-programme-strengthening-dae-develop-pipeline.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Enhancing climate action environment with an updated Country Programme, strengthening DAE to develop a pipeline of projects and effectively implement GCF funded activities |date=17 February 2021 |url=https://www.greenclimate.fund/sites/default/files/document/enhancing-climate-action-environment-updated-country-programme-strengthening-dae-develop-pipeline.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2021enhancing, author = {{Green Climate Fund}}, title = {{Enhancing climate action environment with an updated Country Programme, strengthening DAE to develop a pipeline of projects and effectively implement GCF funded activities}}, institution = {Green Climate Fund}, year = {2021}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/enhancing-climate-action-environment-updated-country-programme-strengthening-dae-develop-pipeline.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }