Readiness as building blocks to project development and climate action

Colombia has 8 projects approved by the GCF board with a value of USD 521 million and has 10 funding proposals of USD 3.5 billion in the pipeline, of which 6 projects are at the national level. Since 2018, the country has been actively growing its capacity and enhanced access to climate finance with the readiness support programme in various result areas, most notably focusing on DAE support, country programming, and adaptation planning.

At a glance

Number of Readiness Grants

Colombia has received GCF readiness support in 15 grants since 2017.

USD 0 m

Amount of Readiness Financing

Cumulative funding amount of GCF Readiness Support to Colombia, since 2017.

0 million +

Number of GCF project beneficiaries

Total estimated number of beneficiaries from GCF Funded Activities and Readiness projects for Colombia

"The key is how to move from planning to climate action with bankable projects. A new priority in line with the updated national strategy is to formulate projects completely (final FPs) using the "climate finance broker system" to map financial needs and potential investors. Climate finance accelerators that can help (both public and private) entities to have project formulation. Sectoral climate change plans exist."

María del Pilar Restrepo

Climate Finance Leader of Colombia

Adaptation planning / Total financing USD 2.6 million

NDA support / National climate finance strategy

Climate action / Colombia’s next steps

Only with the RPSP

Tailor-made

Support that is flexible to the needs of a country.

Country-driven

Delivery Partners (DP) and National Designated Authorities (NDA) work in line with national processes and strategies.

Supportive

Guidance available on hand by the GCF to respond to any queries.

Results

Engaging with people to seek change

Strategic Adaptation Initiatives

Calculated using progress/completion reports of 15 readiness grants as of Dec-2021.

Workshops

This workshops covered a variety of topics Including reviewing and supporting the definition of themes and strategic areas for co-financed projects with GCF, presenting proposals to the GCF for funding, raising awareness of Integrated Solid Waste Management and following up on promising projects related, providing training and guidance on implementing Gender Action Plans for climate action. These workshops aimed to target a variety of stakeholders, including sectors, NGOs, private sector representatives, and government officials from medium-sized and large cities.

0 +

Online viewers

Attention was raised to the public regarding Colombia on the GCF website based on the number of visits to the webpage as of 2021.