Select language
Trends
Global NEWS
Title | Project-specific Assessment Approach |
---|---|
The Project-specific Assessment Approach (PSAA) Pilot is one of two approaches to GCF accreditation, approved through updates to the Accreditation Framework of the GCF (decision B.31/06). The PSAA is a capacity assessment of an entity to meet GCF accreditation standards to implement one climate project or programme. The proposed project or programme is aligned with developing countries’ priorities and GCF’s strategic objectives. Introduction to the Project-specific Assessment Approach
The PSAA Pilot framework is for three years (April 2023 – March 2026), and the GCF will review up to ten proposals per year for the duration of the pilot. It aims to streamline and broaden access to climate finance by working with new partners, countries, and technologies, that have been underserved by the existing GCF Accredited Entity network. The PSAA complements institutional accreditation and GCF accreditation standards apply to both accreditation modalities. Entities are obligated to uphold these standards throughout the duration of the project/programme. If a PSAA Entity has the potential to be a long-term partner, they may pursue institutional accreditation after completing the PSAA. Entities that are currently undergoing the accreditation process should consult with the GCF Secretariat to get guidance on which accreditation method might best suit their project needs and long-term future partnership intentions with GCF. If you have any questions regarding PSAA accreditation, please contact us at psaa@gcfund.org The PSAA modality accelerates the speed of access to GCF resources, reduces transaction costs for the implementation of one innovative climate project, and can potentially build a track record to enable an entity to apply for institutional accreditation.
Eligibility criteriaEntitiesGCF will accept proposals submitted by entities who are not already accredited to the Fund. Entities seeking PSAA should meet the following criteria:
Each entity will be capped at a maximum of one approved funding proposal under PSAA. The PSAA is designed to assess whether the entity is capable of meeting GCF accreditation standards for proposal implementation and has a track record of strong financial management and of safeguarding funded projects and programmes against environmental and social harm. Assessment of the entity’s capability to implement the proposed project/programme is undertaken in parallel with the review of the funding proposal. Project/ProgrammeWhat types of projects or programmes are eligible for PSAA? Projects/programmes of any size (Micro, small, medium, and large), and financial instruments (grants, loans, equity, and guarantees) suitable for the proposed activity may be considered. Funding proposals submitted under the PSAA may include only those that have low to medium environmental and social risks and impacts (i.e., Categories C/I-3 and B/I-2). |
|
View Original URL | View Original> |
Category | GCF |
File |
|
Sources | Green Climate Fund |
Prev | GCF-1 PROGRESS REPORT |
---|---|
Next | [스리랑카] 스리랑카, 인도와 재생 에너지 사용 확대를 위한 양해각서 체결 계획 발표 |