This is the second blog in a two-part series detailing the Climate Finance Readiness Program (CF Ready), a program implemented by GIZ that receives joint support from USAID and the Ministry for Environment of the Czech Republic on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The first blog focuses on work undertaken in Vietnam and Peru to promote low-carbon development pathways. Part Two highlights CF Ready-funded climate change adaptation efforts in Tanzania and Cambodia.
Financing Climate Change Adaptation in Tanzania and Cambodia
CF Ready advises national, regional and local government agencies on preparing effective financing strategies to implement National Action Plans (NAPs), including analyzing financial needs and designing options for securing national and international climate financing from public and private sources. This work assists countries with development of effective long-term solutions to address key vulnerabilities from climate change,
USAID supports the Government of Tanzania with a consultative NAP process targeting improved cross-sector coordination, integration of adaptation into development planning, and strategic access to finance.CF Ready’s support for capacity development in Tanzania was critical to establishing a cohesive team from different levels of government and academia to steer the NAP process. A stocktaking provided by CFReady offered clear information on adaptation needs in Tanzania based on the evaluation of climate change impacts, as well as identifying gaps and vulnerabilities. Key policymakers, including the Tanzanian Vice President’s Office and the National NAP team, are now better equipped to develop adaptation projects and submit them to international climate funds.
As a direct result of this work, following a public call supported by CF Ready, 75 concept notes for the Adaptation Fund have been submitted to the government. Several notes will be developed into full proposals, enabling Tanzania to have direct access to this international fund for the first time.
In Cambodia, the USAID-CFReady collaboration supported the National Council for Sustainable Development in developing a NAP Financing Framework and Implementation Plan. Launched in October 2017, this plan enables all governmental stakeholders to follow a structured and prioritized approach to seeking funding for the country’s most urgent adaptation needs and to implement priority actions. Several line ministries, including the Ministry of Health and the Ministry of Environment, gained improved project development capacities, putting them in a better position to pursue funding. For example, eight cost-benefit analyses developed by ministries that received training under CF Ready were used to support the ministries’ budget submissions for 2018. Thus, support from CF Ready contributed to integrating climate change adaptation considerations into the national planning and budgeting system, as well as being an initial step toward raising international funding for climate change adaptation.
CF Ready also supported the development of a NAP communication strategy, which has increased awareness of Cambodia’s climate change adaptation challenges among the wider public.
The Way Forward
The CF Ready program has kick-started significant actions in finance and investment for development in these countries. These capacity-building, policy development, and stakeholder engagement activities promise further achievements in the future. Public partners like Fondo Mivivienda have signaled a high interest in pursuing and expanding green grant products for example, while public counterparts such as the Government of Tanzania are eager to further develop their technical capacities for managing adaptation to climate change.
Regina Bernhard has more than 11 years of experience in the field of public finance, climate finance, and technical cooperation projects worldwide. Currently, she is coordinator of the GIZ NDC Assist project, contributing to the global NDC Partnership. Before NDC Assist, she served as project manager in the GIZ Climate Finance Readiness project, managing the cooperation with USAID and the Czech Ministry of the Environment.
Johannes Schroeten studied European Studies at the University of Maastricht. After two intermediate stops at a green bank and a sustainable rating agency in Germany, he now works as a junior advisor in the Climate Finance Readiness Programme of GIZ, overseeing various global and country related activities.
Jonathan Cook worked for USAID's Office of Global Climate Change in Washington, DC from 2012-2018, and led the Agency's engagement with the GIZ Climate Finance Readiness Programme. He is now a Senior Associate at the World Resources Institute, supporting the recently launched Global Commission on Adaptation.