Readiness Support for accreditation gap assessment, capacity building and pipeline development for potential accredited entity

The proposal requests USD 254,007 over 24 months to support the R2E2 Fund's aspiration to become a GCF-accredited entity. The project focuses on two main outcomes: strengthening the fund's institutional capacity to meet GCF Fiduciary Standards—including the design of Environmental, Social and Gender guidelines—and developing a robust pipeline of climate finance projects. Proposed project ideas include financing solar energy and energy efficiency upgrades for households and micro-businesses in vulnerable communities, as well as infrastructure for electric vehicles and energy storage. The implementation will be managed by a dedicated Project Implementation Unit (PIU) within the R2E2 Fund and overseen by a Project Steering Committee chaired by the Deputy Minister of Environment of Armenia.

• The R2E2 Fund currently lacks the Fiduciary Standards required for GCF accreditation, necessitating a comprehensive gap assessment and the creation of an action plan to meet these criteria.
• The proposal seeks to establish specific institutional policy instruments, including Environmental, Social and Gender guidelines and grant award manuals, to address current deficiencies in the R2E2 Fund's Operational Manual.
• The project aims to develop a pipeline of climate-related programs, with tentative priorities including solar energy and energy efficiency upgrades for households and micro-businesses (such as farmers) in vulnerable communities, as well as energy accumulation facilities and electric vehicle (EV) infrastructure.
• The total requested funding for this readiness support is USD 254,007, intended to be disbursed in three tranches: USD 100,000 upon approval, USD 100,000 upon an interim progress report, and USD 54,007 upon completion.
• Armenia's electricity generation mix consists of 34 percent nuclear, 37 percent thermal, and 29 percent renewable energy, with a high dependency (around 70 percent) on imported fuels from Russia and Iran.
• The project will be governed by a Project Steering Committee (PSC) and executed by a Project Implementation Unit (PIU) within the R2E2 Fund, with the PIU consisting of a Project Director, Project Manager, Chief Procurement Specialist, Communication and Outreach Specialist, and an Assistant Director.

APA

Green Climate Fund (2020). Readiness Support for accreditation gap assessment, capacity building and pipeline development for potential accredited entity. https://www.greenclimate.fund/sites/default/files/document/armenia-r2e2.pdf

Chicago

Green Climate Fund. Readiness Support for accreditation gap assessment, capacity building and pipeline development for potential accredited entity. 2020. https://www.greenclimate.fund/sites/default/files/document/armenia-r2e2.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Readiness Support for accreditation gap assessment, capacity building and pipeline development for potential accredited entity |date=28 August 2020 |url=https://www.greenclimate.fund/sites/default/files/document/armenia-r2e2.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2020readiness, author = {{Green Climate Fund}}, title = {{Readiness Support for accreditation gap assessment, capacity building and pipeline development for potential accredited entity}}, institution = {Green Climate Fund}, year = {2020}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/armenia-r2e2.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }