BAKU, 31 July 2019 – United Nations Development Programme (UNDP) and the Ministry of Ecology and Natural Resources (MENR) of Azerbaijan organised a multi-stakeholder event to present a draft country programme document for further engagement with the Green Climate Fund (GCF).
The event was part of the GCF Readiness and Preparatory Support Project for Azerbaijan, which aims at increasing the capacity of national stakeholders to carry out its climate-change-focused programmes in partnership with the GCF and pave the way for structured and active participation of the private sector to achieve national climate goals.
During the meeting, the project experts and international consultants informed the participants about the activities within the project, including on conducted awareness-raising campaigns, procedure on reviewing potential project proposals, capacity-building initiatives for the state, private and civil society organizations, as well as financing opportunities with the Green Climate Fund.
The GCF is established in 2015 within the framework of the United Nations Framework Convention on Climate Change to assist developing countries in enhancing their expertise in climate change adaptation and mitigation practices and provide financial resources to counter climate change. The Fund’s investments can be in the form of grants, loans, equity or guarantees.