Draft: Operational Manual of National Designated Authority of the Republic of Moldova in relation to the Green Climate Fund12.02.2020 211 Views
The Green Climate Fund (GCF) was created at the 17th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), through Decision 3 / CP.17 of 11 December 2010. This fund was designated as an operational entity of the financial mechanism set out in Article 11 of the Convention. It has also been established that the goal of the Green Climate Fund will focus on an essential and ambitious contribution to achieving the ultimate goal of UNFCCC. In the context of sustainable development, the Fund will promote a paradigm shift towards building low-emission, climate-resilient pathways by supporting developing countries to limit or reduce greenhouse gas emissions and adapt to the effects of change climate, taking into account the needs of countries that are particularly vulnerable to climate change impacts. The Green Climate Fund's Development Readiness Programme, jointly with UNDP, UNEP and the World Resource Institute, provides support to countries for increased access to international finance for climate change. The Program supports the National Designated Authorities (NDAs) or the Green Climate Fund nominated focal points for the engagement with the Fund. The main objectives of the Readiness Programme are aligned with the Fund's governance tools and previous decisions of the Conferences of the Parties to UNFCCC.
The financing agreement on the implementation of the Readiness Programme through the project "Support for the Republic of Moldova in Establishing and Strengthening the National Designated Authority, Development of the Strategic Framework and Development of the National Programme of Engagement with the Green Climate Fund" was signed between the Republic of Moldova and the Green Climate Fund on April 28, 2017. Preparation and support will help increase institutional capacity and create the mandate for the National Designated Authority in regards to the relation with the Green Climate Fund. By strengthening the capacities of the National Designated Authority, the Republic of Moldova will be able to directly access the financial means of the Fund, through the accredited national entities or indirectly via the accredited international entities.
This Operational Manual describes the procedures guiding the work of the National Designated Authority regarding the rules set by the Fund and the national institutional and legal framework on climate change. It will serve as a support in the process of complying with the statutory requirements and administrative procedures subsequently imposed by the National Designated Authority.