The Green Climate Fund is moving quickly to build a large and transformative project portfolio, with many projects already being implemented with the objective to adapt and/or mitigate to climate change.
However, there is a need to simplify and streamline the approval of certain small scale projects, particularly from direct access entities. In response, the GCF’s Board has approved a new approach: the Simplified Approval Process Pilot Scheme (SAP), which is now operating.
The Board approved the first SAP project in February 2018 – an initiative by the Namibian direct access entity Environmental Investment Fund (EIF) to improve the ecosystem management practices of farmers.
Green Climate Fund (2018). GCF in brief: simplified approval process.