Guidelines on preparing the economic and financial analysis for SAP proposals

The Green Climate Fund (GCF) requires economic and financial analyses for SAP proposals to assess them against the GCF Investment Framework, particularly regarding efficiency and effectiveness. Private sector proposals must include a formal financial analysis and model to justify concessionality and sustainability. Public sector proposals generally do not require a formal model unless they involve financial reflows, though they must still demonstrate cost-effectiveness and viability through models or alternative evidence such as benchmarked carbon reduction estimates or evaluation reports from similar projects.

• Economic and financial analyses are primarily used to assess the 'efficiency and effectiveness' criterion of the GCF Investment Framework, though they also provide secondary support for assessing impact potential, paradigm shift potential, sustainable development potential, and recipient needs.
• Private sector SAP proposals are mandated to provide a formal financial analysis and model to demonstrate long-term sustainability and justify the requested level of concessionality; these may be supplemented by an economic model to show overall cost effectiveness.
• Public sector SAP proposals typically do not require formal models unless the project results in financial reflows used to service a loan or other reimbursable instrument, although they must still prove financial adequacy, minimum concessionality, and long-run viability.
• In cases where public sector proposals lack models due to limited data or capacity, they may use alternative evidence to demonstrate investment criteria, such as peer-reviewed articles, operation and maintenance plans, or estimates of carbon dioxide equivalent (t CO2 eq) reductions benchmarked against similar projects.
• For proposals that include models, accredited entities must submit the models in an unlocked spreadsheet format with visible formulas, accompanied by a summary document detailing assumptions, results, and evidence citations.

APA

Green Climate Fund (n.d.). Guidelines on preparing the economic and financial analysis for SAP proposals. https://www.greenclimate.fund/sites/default/files/document/guidelines-economic-financial-analysis-sap.pdf

Chicago

Green Climate Fund. Guidelines on preparing the economic and financial analysis for SAP proposals. n.d. https://www.greenclimate.fund/sites/default/files/document/guidelines-economic-financial-analysis-sap.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Guidelines on preparing the economic and financial analysis for SAP proposals |url=https://www.greenclimate.fund/sites/default/files/document/guidelines-economic-financial-analysis-sap.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndguidelines, author = {{Green Climate Fund}}, title = {{Guidelines on preparing the economic and financial analysis for SAP proposals}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/document/guidelines-economic-financial-analysis-sap.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }