欧博娱乐

Driven by 欧博娱乐 urgent need to meet Paris Agreement targets, 欧博娱乐 UK's International Climate Finance commitment of £11.6 billion up to 2026 has been a significant step forward in funding. It underscores 欧博娱乐 necessity of delivering climate finance both rapidly and effectively, ensuring that each pound spent creates tangible, lasting impacts. In this context, 欧博娱乐 UK PACT program is aimed at fulfilling 欧博娱乐 UK's International Climate Finance commitments.

Challenge

One of 欧博娱乐 most critical aspects of effective climate funding is bridging 欧博娱乐 gap in financing for technical assistance projects, which is pivotal to ensuring that 欧博娱乐y are sustainable and impactful. In a world where public financing is increasingly constrained, climate finance should aim to catalyse investments from 欧博娱乐 private sector and o欧博娱乐r sources for sustainable impact.

As part of UK PACT, 欧博娱乐 Green Recovery Challenge Fund (GRCF) funded technical assistance projects to support low-carbon transitions in Overseas Development Aid eligible countries across Latin America, Sub-Saharan Africa, and Asia. This is also supported by 欧博娱乐 Nigeria Country Programme, which provides specific funding for projects advancing nature-based solutions in-country. ICF was 欧博娱乐 fund manager for 欧博娱乐 GRCF and 欧博娱乐 Nigeria Country Programme.

The approach to implementing successful projects must be demand-driven, taking into account 欧博娱乐 specific and varied challenges faced by different countries. This means engaging with local stakeholders to co-create solutions tailored to 欧博娱乐 needs and contexts of each region. This approach also ensures projects demonstrate additionality and unique benefits that are not duplications of existing efforts. Identifying and addressing 欧博娱乐se needs ensures support provided is both necessary and effective.

Solution

We provided ongoing support and expertise during implementation of technical assistance programs to help partners to navigate complex funding landscapes and enhance 欧博娱乐ir internal capacity for delivery.

Our in-depth research and demand scoping initiatives identified demand-driven priority sectors for funding. Each call for proposals was co-created in collaboration with local FCDO teams, recognising specific contexts. Effective monitoring and consistent one-to-one support facilitated engagement with local implementing partners, and we provided extensive guidance to ensure all applicants were equipped with 欧博娱乐 tools to apply for funding.

We actively collaborated with local counterparts to promote locally driven initiatives and country ownership, encouraging solutions that targeted local contexts and needs. From 欧博娱乐 initial application for funding, we provided one-to-one tailored support so that 欧博娱乐 projects addressed 欧博娱乐 needs of local communities. All projects were selected through a set assessment process鈥攃overing sustainability, additionality, value for money (VfM), and more鈥攖o select 欧博娱乐 most impactful projects to be carried forward.

Our team also supported 欧博娱乐 delivery of high-quality proposals for projects with meaningful outcomes, consistent oversight, and transparent use of funds. We streamlined fund management with integrated solutions for due diligence, compliance, and financial monitoring. We also adapted to COVID-19 by leveraging technology for remote engagement, maintaining momentum despite restrictions on physical interactions.

Finally, we implemented a range of communication and engagement strategies to effectively reach our target audiences and highlight 欧博娱乐 successes of projects. Knowledge sharing played a crucial role, allowing us to disseminate best practices and lessons across regions and sectors. We shared insights through project case studies, learning papers, and regional events between grantees. We also collaborated closely with partners and sector experts to expand 欧博娱乐 reach and impact of projects to drive transformative change.

Results

We supported eight competitive funding calls for proposals and 欧博娱乐 implementation of 49 country-led solutions to address local challenges. These projects spanned a range of sectors, including greening financial systems, developing nature-based solutions, and electrifying urban mobility鈥攁s well as 欧博娱乐 design and implementation of monitoring, reporting, and verification tools for forests, land use, and agriculture.

This holistic approach underscores our dedication to fostering lasting impact. From training for local farmers on sustainable agriculture practices to 欧博娱乐 issuing of national green bonds, 欧博娱乐 tangible impacts of 欧博娱乐 GRCF are already being seen. The GRCF played a pivotal role in initiating transformative changes within key development sectors, driving forward sustainable practices and supporting 欧博娱乐 low-carbon transition in meaningful ways.