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The Green Climate Fund Accredits the 5Cs!

Credit: Caribbean Community Climate Change Centre. Not for use without written permission.

Credit: Caribbean Community Climate Change Centre. Not for use without written permission.

5Cs Accredited As Regional Implementing Entity by the Green Climate Fund:

Other accredited institutions include Conservation International, the World Bank and IDB

Songdo, Republic of Korea| July 09, 2015― The Caribbean Community Climate Change Centre has been accredited as a regional implementing entity by the Board of the Green Climate Fund (GCF), a key multilateral financing mechanism to support climate action in developing countries. The announcement made today at the tenth meeting of the GCF Board means the CCCCC will act as a channel through which the Fund will deploy resources to the Caribbean.

This is a key achievement for the small island developing states (SIDS) of the Caribbean. Executive Director Dr. Kenrick Leslie says:

“This is the first such accreditation for the Caribbean region. It speaks to the high calibre of work being done in the region and the strength of our internal systems. We will now move forward with a set of ambitious and bankable projects that we have been developing under a directive from CARICOM Heads”.

The CCCCC is one of 13 institutions accredited by the GCF today, including Conservation International, the World Bank, the Inter-American Development Bank and others. The GCF notes that the expansion in accreditation is demand driven.

 We are building a vibrant network of partners – which is evidence of a rising demand for an active GCF,” said Ms. Héla Cheikhrouhou, Executive Director of the Green Climate Fund. “Seven months ago we invited institutions for the first time to become partners with us. Today, close to 100 well-established institutions from around the world are working towards becoming GCF accredited entities,” she said. “We have added to this momentum by boosting our number of accredited entities to 20.

Accreditation to GCF is open to sub-national, national, regional and international, public, private and non-governmental institutions which are eligible to apply through the Fund’s Online Accreditation System (OAS). Applicants are assessed on their abilities to meet fiduciary, environmental, social, and gender requirements set out by the Fund.

 The 13 institutions accredited today are:

  1. Africa Finance Corporation (AFC), a public-private institution that provides support for sustainable development of infrastructure in Africa, based in Nigeria;
  2. Agence Française de Développement (AFD), a development finance institute, headquartered in France;
  3. Caribbean Community Climate Change Centre (CCCCC), a public organization that coordinate’s the Caribbean’s response to climate change, headquartered in Belize;
  4. Conservation International Foundation (CI), a non-profit environmental organization based in the United States;
  5. Corporación Andina de Fomento (CAF), a regional development bank, headquartered in Venezuela;
  6. Deutsche Bank Aktiengesellschaft (Deutsche Bank AG), an international investment bank based in Germany;
  7. Environmental Investment Fund of Namibia (EIF), which supports projects that ensure sustainable use of natural resources;
  8. European Bank for Reconstruction and Development (EBRD), a multilateral development bank, headquartered in the United Kingdom;
  9. Inter-American Development Bank (IDB), a multilateral development bank, headquartered in the United States;
  10. International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), together known as the World Bank, headquartered in the United States;
  11. Ministry of Natural Resources of Rwanda (MINIRENA), which focuses on environment, climate change, and natural resources management at the national and local levels;
  12. National Bank for Agriculture and Rural Development (NABARD), a national financial institution based in India; and the
  13. United Nations Environment Programme (UNEP), headquartered in Kenya.

Do you know how climate change affects the Caribbean? Peruse this video of Five Things You Should Know.

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The Caribbean Community Climate Change Centre coordinates the region’s response to climate change. Officially opened in August 2005, the Centre is the key node for information on climate change issues and the region’s response to managing and adapting to climate change. We maintain the Caribbean’s most extensive repository of information and data on climate change specific to the region, which in part enables us to provide climate change-related policy advice and guidelines to CARICOM member states through the CARICOM Secretariat. In this role, the Centre is recognized by the United Nations Framework Convention on Climate Change, the United Nations Environment Programme, and other international agencies as the focal point for climate change issues in the Caribbean. The Centre is also a United Nations Institute for Training and Research recognised Centre of Excellence, one of an elite few. Learn more about how we’re working to make the Caribbean more climate resilient by perusing The Implementation Plan.

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