Status of the implementation and resources of the Project Preparation Facility

The Project Preparation Facility (PPF) has disbursed and committed USD 32.8 million (82% of its USD 40 million allocation) to support the development of climate funding proposals. To date, PPF support has enabled 11 approved funding proposals totaling nearly USD 3.0 billion in investment. The Secretariat has reduced processing times by 84% through streamlined approvals and introduced simplified funding and service modalities to better support direct access entities (DAEs). To cover a pipeline of 28 active requests and anticipated new needs, the document requests an additional USD 18.0 million for the remainder of GCF-1.

• As of 31 May 2022, the PPF has disbursed and committed USD 32.8 million, representing 82 per cent of the USD 40.0 million total allocation established by decision B.13/21.
• PPF resources have enabled the approval of 11 funding proposals with a total investment value of nearly USD 3.0 billion, consisting of USD 980.2 million in GCF financing and USD 2.0 billion in co-financing.
• The PPF has significantly improved efficiency, with the median processing time from submission to approval dropping from 304 to 165 days, an 84 per cent increase in speed.
• To reduce transaction costs for direct access entities (DAEs), the GCF introduced a simplified funding modality for requests up to USD 300,000 and a service modality where the Secretariat provides preparation services via independent consultancy firms.
• The PPF portfolio shows a strong focus on vulnerable regions and entities, with 62 per cent of approved GCF financing going to African States, least developed countries (LDCs), and small island developing States (SIDS), and 81 per cent of financing channeled to DAEs.
• The GCF is requesting an additional USD 18.0 million to ensure uninterrupted support through 2023, based on a projected need of USD 25.2 million to cover the current pipeline, anticipated requests from work programmes, and a project-specific assessment approach pilot.

APA

Green Climate Fund (2022). Status of the implementation and resources of the Project Preparation Facility. https://www.greenclimate.fund/sites/default/files/document/gcf-b33-06.pdf

Chicago

Green Climate Fund. Status of the implementation and resources of the Project Preparation Facility. 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b33-06.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Status of the implementation and resources of the Project Preparation Facility |date=24 June 2022 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b33-06.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2022status, author = {{Green Climate Fund}}, title = {{Status of the implementation and resources of the Project Preparation Facility}}, institution = {Green Climate Fund}, year = {2022}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b33-06.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }