As part of its objectives, GAGE supports its member countries in building their capacities for a green economy transition. This includes providing technical assistance, capacity building, and facilitating access to financial resources. GAGE's programs cover various aspects, such as NDCs and LT-LEDS conceptualization, as well as other topics including Article 6 capacity building, climate finance enablers, and just energy transition. The ultimate objective is to assist member countries in developing bankable projects that contribute to the green economy transition.
GAGE's first quarterly inception meeting, held in July 2024, marked a crucial milestone in establishing a robust framework for continuous communication and collaboration among member countries. The primary aim of the inception meeting was to align national green economy initiatives with GAGE's overarching mission and to foster a cohesive and united effort towards sustainable development. One of the main outcomes was the development of the capacity-building program on climate finance enablers for GAGE members.
The Climate Finance Enablers Capacity Building Program is designed to empower GAGE member states with the knowledge, tools and strategies necessary to access, mobilize and effectively utilize climate finance. As the global community intensifies efforts to combat climate change, the need for substantial financial resources has become paramount. This program addresses the critical challenge of bridging the finance gap by equipping GAGE members with the capacity to unlock and leverage various climate finance opportunities.
The program focuses on enhancing the skills of policymakers, financial institutions, and key stakeholders in navigating the complex landscape of climate finance. Through a series of targeted training sessions, workshops, and expert-lead discussions, participants will gain insights into the latest funding mechanisms, including public, private, and blended finance. They will also learn how to develop bankable projects, meet international standards, and engage effectively with international climate funds, such as the Green Climate Fund (GCF) and the Global Environment Facility (GEF).
By the end of the program, participants will be better positioned to drive sustainable development in their countries, contribute to global climate goals, and ensure that their national climate action plans are well supported by robust financial frameworks. The Climate Finance Enablers Capacity Building Program is not just about knowledge transfer-it’s about empowering GAGE members to take decisive action in the global fight against climate change.
This program focuses on helping GAGE countries unlock additional and scaled-up climate finance by enhancing their enabling environment with effective tools and practices. It also includes assessing their NDCs and LT-LEDS. The program aims to support 50 countries through capacity-building and awareness-raising on climate finance enablers, develop 10 enabling environment projects to be matched with potential funding, and provide a partnership and matchmaking platform to increase climate finance received by developed countries.
The training program is designed to assist GAGE member countries, who are signatories to the Paris Agreement, in achieving the following goals:
Enhance understanding of climate finance mechanisms and sources.
Build capacity to develop and implement climate finance strategies.
Strengthen skills in project development, financial management and reporting.
Foster inter-departmental and cross-sectoral collaboration.
This program is specifically designed for government officials, financial institutions, project developers, private sector representatives, and other key players involved in climate finance. This diverse audience is essential for building a comprehensive and effective climate finance ecosystem within GAGE member states. The target audience includes:
Particularly those working in ministries or agencies responsible for finance, environment, energy, and sustainable development. These individuals play a crucial role in shaping and implementing national climate polices and strategies.
Representatives from national development banks, and other financial entities that are or could be involved in financing climate-related projects. Their involvement is key to mobilizing and channeling climate finance.
Individuals and organizations responsible for designing, developing, and managing climate-related projects that require funding. They need to understand how to create bankable projects that meet the criteria for accessing climate finance.
Stakeholders from international organizations, NGOs, multilateral development banks who are involved in providing or facilitating climate finance. Their engagement ensures alignment with global climate finance mechanisms and standards.
Including businesses and investors interested in engaging in or funding climate-related initiatives. Their participation is vital for mobilizing private sector investment in climate action.
Experts and researchers who can contribute knowledge and innovation to climate finance strategies, ensuring that they are evidence-based and forward looking.
Groups that advocate for climate action and sustainability, ensuring that climate finance is accessible and effectively used to benefit communities.
Overview & Introduction to Climate Finance.
Climate Finance Mechanisms & Sources.
Developing Climate Finance Strategies.
Project Development and Proposal Writing.
Financial Management and Reporting.
Leveraging Private Sector Engagement.
Action Plan Development.
The training program is designed to cater to all 90 signatories of the GAGE. It includes two training sessions per day, spread over seven modules across two days. To accommodate different time zones, the event will feature live translation, ensuring it serves the diverse audience from various geographies.
Group 1 (G1): Asia Pacific, Eastern Europe, Africa (part), and Europe
18th-19th February 2025, 9:00 AM – 2:00 PM (GST)
Group 2 (G2): Africa (part) and Latin America & The Caribbean
18th-19th February 2025, 6:00 PM – 11:00 PM (GST)
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