European Capacity Building Initiative

Green Climate Fund takes giant leap for multilateral finance

On Monday 13 October, the ecbi GCFB Caucus convened a discussion meeting on Enhanced Direct Access for Members and Alternates attending the eighth meeting of the Green Climate Fund Board in Bridgetown, Barbados. The discussion was kicked off by a presentation of a recent ecbi Policy Brief on the topic, representing the latest findings in a multi-year research effort (as recorded at www.oxfordclimatepolicy.org/rfm).

The GCF Board took a giant leap for international climate finance by initiating a Pilot Phase for Enhanced Direct Access. Under this innovative access modality, developing countries are given the option not just to endorse but to approve activities for GCF funding. For more on the significance of this decision, see the latest OCP blog.

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