Enhancing India’s Readiness to Climate Finance
India has taken several steps to improve its national response to climate change. India’s climate finance requirements, however, are very high, and will need to be met through a combination of public, private and international climate finance. See more at: http://shaktifoundation.in/
India has taken several steps to improve its national response to climate change. India’s climate finance requirements, however, are very high, and will need to be met through a combination of public, private and international climate finance. See more at: http://shaktifoundation.in/
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Enhancing</strong> <strong>India’s</strong> readiness <strong>to</strong> access and deliver international climate finance<br />
The Adaptation Fund Project Cycle<br />
1. The NIE, RIE, or MIE submits their proposal <strong>to</strong> the Adaptation Fund Board via the GEF, using the<br />
prescribed AFB template.<br />
2. The proposal submitted by the NIE can follow either a one step or a two-step approval mechanism:<br />
a. In order <strong>to</strong> expedite the process of approving projects/programmes, small-size projects (less than<br />
$1 million) will undergo a one-step approval process by the Board.<br />
b. For projects requesting more than $1 million, the proposals may undergo either a one-step or a<br />
two-step approval process. In the one-step approval process the proponent shall submit a fullydeveloped<br />
project/programme document. In the two-step approval process a brief<br />
project/programme concept shall be submitted as first step followed by a fully developed<br />
project/document. Funding will only be reserved for a project/programme after the approval of a<br />
fully-developed project document in the second step.<br />
3. The Secretariat then screens proposals and provides technical reviews and submits the same <strong>to</strong> the<br />
Project and Programme Review Committee<br />
4. The PPRC reviews proposals and prepares recommendations for the Board<br />
5. In case of project approval, the Secretariat processes standard legal agreements with the Implementing<br />
Entity and the Trustee for implementation<br />
6. The approved projects are published on the AF website.<br />
Figure VI.1: Visual representation of the Adaptation Fund project cycle<br />
Trustee (GEF) releases AF<br />
Adaptation Fund<br />
AFB<br />
NIE/ MIE/ RIE<br />
Proposal<br />
India: NIE: NABARD<br />
AFB Template<br />
Secretariat: World Bank<br />
Initial Screening<br />
1 step: Concept<br />
2 step: Concept and<br />
Fully developed<br />
proposal<br />
PPRC<br />
Not Approved<br />
Approved<br />
AF Website<br />
Ref: Ricardo-AEA/R/ED59216/Final Report<br />
71
Change language