2 Messages for the Green Climate Fund on Supporting “Readiness”

The briefing argues that while the Green Climate Fund's initial readiness program may be narrowly focused on facilitating access to the Fund, it must eventually address broader enabling conditions—such as policy development and capacity building—to achieve transformational climate-resilient development. It further suggests that the GCF should remain flexible regarding the institutions used to channel readiness funds before the formal accreditation process is complete.

• Developing countries face systemic readiness challenges that hinder their ability to mobilize large-scale climate funding, including the need to coordinate multiple climate actors, develop investment incentives for climate-friendly sectors, train government and private sector personnel, track climate funding flows, and improve financial management to meet international accountability standards.
• The GCF has allocated an initial $30 million for readiness and is expected to focus its program on four specific activities: aligning support with national strategic priorities, identifying a national coordinating agency, preparing institutions to meet financial and safeguard requirements for direct access, and accelerating the development of project proposals.
• To be truly transformational, the GCF must look beyond immediate fund access and use its main funding windows to address broader readiness needs, such as creating new national climate laws, improving the capacity of local banks and small businesses to finance clean energy, and conducting public awareness campaigns on energy efficiency.
• Because the readiness program begins before the formal accreditation process for institutions is finalized, the GCF should be flexible in the types of institutions it uses to channel funds, including non-accredited national institutions and existing international programs, to avoid duplicating efforts.

APA

World Resources Institute (2014). 2 Messages for the Green Climate Fund on Supporting “Readiness”. https://www.wri.org/insights/2-messages-green-climate-fund-supporting-readiness

Chicago

World Resources Institute. 2 Messages for the Green Climate Fund on Supporting “Readiness”. 2014. https://www.wri.org/insights/2-messages-green-climate-fund-supporting-readiness.

Wikipedia

{{cite report |author=World Resources Institute |title=2 Messages for the Green Climate Fund on Supporting “Readiness” |date=13 February 2014 |url=https://www.wri.org/insights/2-messages-green-climate-fund-supporting-readiness |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2014messages, author = {{World Resources Institute}}, title = {{2 Messages for the Green Climate Fund on Supporting “Readiness”}}, institution = {World Resources Institute}, year = {2014}, month = feb, url = {https://www.wri.org/insights/2-messages-green-climate-fund-supporting-readiness}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }