Page 7 - AfrElec Week 04 2022
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AfrElec                                   CLIMATE FINANCE                                            AfrElec






































































                         funding at all.
                           The paper also considers why some coun-  Indeed, the analysis showed that only 5% of
                         tries are struggling to access support through  eligible countries received funding without first
                         the GCF. Garschagen and Doshi note that weak  accessing these funds. While most of the “very
                         “institutional capacity and bureaucratic fitness”  high vulnerability” nations at least received read-
                         have made it harder for many to access funds,  iness funds, Eritrea, Somalia and Yemen had
                         especially through their own institutions.  received nothing at all.
                           They found that only 6% of successful   But the authors say that the GCF and other
                         nations had managed to obtain funds through  major climate funds should go beyond this kind
                         their national institutions, with most relying on  of support to ensure that vulnerable people are
                         international bodies such as the World Bank to  not left behind.
                         broker the process.                    They point to a simplified approval process
                           The GCF’s “readiness” funds, which made  that has been piloted for smaller-scale projects as
                         up $172m of additional funding in the period  an area that should be expanded. WRI analysis
                         assessed by Garschagen and Doshi, are meant to  released last year also backed such a proposal, as
                         help countries overcome this by preparing them  well as more support for national ownership of
                         to navigate the system.              funding applications.™



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