There should be an assessment at the conclusion of the project on the positive impacts to the private sector, for example, whether the renewable Case Study 1 showcases the Government of Thailand working with the private sector to develop five renewable energy projects were able to lower electricity costs resulting in reduced overhead costs to the private sector. [...] It serves as the point of communication with the Fund and covers a range of functions ranging from strategic oversight of the Fund’s activities in the country, convening national stakeholder consultations and to implement the no-objection procedure on funding propos- 13Government institutions that serve as the interface between each country and the GCF. [...] Most importantly, the selection of the AE by the private sector is linked to the technical capacity of the AE to progress a submission based on the private sector needs. [...] Opportunities for Private Sector Engagement in Climate Change Action in the Pacific 17 In 2019, Vanuatu was the first country in the Pacific to access a readiness grant from the GCF to mobilise the private sector towards climate action. [...] The project also supported the setting up of a Project Preparation Unit (PPU), designed to assist businesses in the private sector to develop project proposals focused on mitigation and adaptation to present to donors with the endorsement of the Vanuatu government.
- Pages
- 22
- Published in
- Fiji
