Page 28 - Pocket Guide to Gender Equality under the UNFCCC

mitigation and adaptation projects to gain accreditation to the Green Climate Fund (GCF) or other major fnancial mechanisms directly, and typically the projects women’s groups are undertaking are deemed too small in scale to meet the requirements of support. This can overlook many sustainable solutions that require fnances to scale and replicate. Gender-responsive approaches would include for example, the provision of long-term, patient and deeply concessional credit lines to women entrepreneurs and to address community needs for mitigation-related investments. It would also require mechanisms to assess the inherent bias in their structures toward expensive, large-scale, high-tech projects in favour of scaling up the provision of smaller-scale fnancing options, focused on the empowerment of women. This would undoubtedly include options for simplifed approval procedures to support smaller-scale mitigation interventions at the community level.16 Though key challenges remain, it should be noted that the global climate fnance landscape has made signifcant progress in incorporating gender considerations, with all major climate fnancing mechanisms (under and outside of the Convention) having some form of gender policy and/or action plan. Key decisions under the UNFCCC to facilitate this include:n Decision 3/CP.17, on the establishment of the GCF, which in its Governing Instrument states that the fund would take a gender-sensitive approach.n Decision 8/CP.19 includes criteria on the review of the Financial Mechanism on the extent to which the fnancial mechanism is contributing to gender-sensitive approaches. This was repeated in Decision 12/CP.22.In 2014, the Global Environment Facility (GEF), which administers the adaptation-focused Least Developed Countries