TAILIEUCHUNG - A faulty model? What the Green Climate Fund can learn from the Climate Investment Funds

Securities regulators oversee Canada’s capital markets and the advisers who sell and manage securities traded in those markets. We strive to protect investors from unfair, improper and fraudulent practices while fostering a fair and efficient marketplace. You can contact your local securities regulator listed on page 20 to check the registration of an individual or firm, and to find out if they have been involved in any disciplinary actions. If you have a complaint If you believe that your adviser is not working in your best interests, you may want to make a complaint or consider finding another adviser | A faulty model What the Green Climate Fund can learn from the Climate Investment Funds June 2011 This report is printed on 100 recycled paper by RAP Spiderweb. Design by Base Eleven. Contents Executive Summary 2 Introduction 4 Background - The CIFs as a model for the GCF 5 1 Role of the trustee 7 2 Governance 8 3 Country ownership 10 4 Participation 12 5 Financing modalities 14 6 Reaching the most vulnerable 17 Conclusion 19 Acronyms used ADB Asian Development Bank MDB Multilateral development bank AGF UN Secretary General s High-level Advisory Group on Climate Change Financing MIC NGO Middle-income country Non-governmental organisation CIFs Climate Investment Funds NIE National Implementing Entity COP Conference of the Parties to the UNFCCC ODA Overseas development assistance CTF Clean Technology Fund ODI Overseas Development Institute FCPF Forest Carbon Partnership Facility PPCR Pilot Program for Climate Resilience FIP IBRD Forest Investment Program International Bank for Reconstruction and Development REDD SCF Reducing Emissions from Deforestation and Degradation Strategic Climate Fund IDA International Development Association SIDS Small island developing state IDS Institute of Development Studies SPCR Strategic Program for Climate Resilience IFC IFI International Finance Corporation International financial institutions SREP Scaling Up Renewable Energy Program in Low-Income Countries GCF GFATM Green Climate Fund Global Fund to fight Aids Tuberculosis and Malaria TSU UN Technical Support Unit to the transitional committee of the Green Climate Fund United Nations LDC LIC Least developed country Low-income country UNFCCC United Nations Framework Convention on Climate Change

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