On August 18, 2015, the GEF released its report to the 21st session of the Conference of the Parties (COP 21) to the UNFCCC. The document reports on GEF’s activities in fiscal year 2015, from July 1, 2014 to June 30, 2015, relating to its implementation of guidance by the COP, its initiatives relating to programming directions, integrated approaches, private sector activities and climate summit and sustainable development goals work, and the results of its support for climate change mitigation and adaptation. Furthermore, the report also covers complementarity in climate finance, describes the outcomes of the GEF Accreditation Pilot and summarizes how GEF financing has contributed to the reduction of the emission gap.
In light of the anticipated 2015 climate agreement, the GEF has made concerted efforts to assist countries to prepare their intended nationally determined contributions (INDCs). In fiscal year 2015, 38 additional countries received GEF support to prepare their INDCs, bringing the GEF INDC support to 45 countries in total, as of June 30, 2015.
Considering the relevance of climate change in the post-2015 development agenda, the GEF Secretariat has also participated actively in various fora to present its experiences in climate finance as well as provision of support to countries across the GEF Focal Areas. The GEF Secretariat has participated in the UN Climate Summit in September 2014 and in the UN High-Level Event on Climate Change held by the President of the UN General Assembly in June 2015, to share GEF’s lessons learned in facilitating partnership and to contribute to innovative action agenda in areas such as cities, resilience, forests, and energy, and to provide impetus on the way to Paris. The GEF Secretariat has actively participated in the Sustainable Development Goal (SDG) process and the means of implementation discussion, recognizing the relevance of the GEF Focal Areas to various proposed SDGs.
As the entity entrusted with the operation of the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF), the GEF finances adaptation in vulnerable developing countries in accordance with COP guidance. For example, in the reporting period, the LDCF has provided $7.0 million towards the global project ‘Expanding the Ongoing Support to Least Developed Countries (LDCs) with Country-driven Processes to Advance National Adaptation Plans (NAPs)’. The project expands on the support provided through the LDCF-financed project ‘Assisting LDCs with Country-driven Processes to Advance NAPs’ and gives all remaining LDCs the opportunity to access one-on-one support tailored to their specific needs and circumstances to strengthen their institutional and technical capacities to start or advance their NAP process.
These and more results are described in detail in the report.