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Monitoring, Registration and Verification of Data

  • Monitoring and Evaluation System: The Office shall design and implement a comprehensive monitoring and evaluation system to track the mobilisation and implementation of climate finance.

  • Document and Information Repository: The GFC creates and maintains a repository to store documents and information related to climate financing.

Mobilisation of Climate Funding

  • Strengthening the Capacity of National Institutions: Strengthen the capacity of national institutions to access, disburse and manage climate funds transparently.

  • Identification and Monitoring of Financing Opportunities: The Office shall identify and monitor climate finance opportunities from both national and international sources.

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  • Mobilisation of International Funds: Support the mobilisation of funding from international climate funds, promoting modalities of direct access and accreditation processes.

  • Innovative Funding Sources: Promote the use of innovative funding sources such as green securities and climate debt exchange.

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  • Development of Carbon Budget Database: The GFC is responsible for developing and maintaining a database on the country’s carbon budget.

  • Support for the Use of Carbon Markets: Support the Government in exploiting the opportunities offered by carbon markets and international cooperation approaches under the Paris Agreement.

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  • Development of the National Climate Funding Strategy: The GFC is responsible for developing a national strategy or a common agenda for the financing of climate action in order to increase the mobilisation of financial resources.

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  • Evaluation of Political Proposals: The GFC evaluates proposals and draft regulations to ensure that climate change is adequately addressed.

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  • Coordination and Monitoring of Initiatives: The Office shall coordinate and monitor climate finance initiatives at national level, harmonising them to avoid fragmentation.

  • Programmatic Approach: The GFC promotes a programmatic approach between development partners to maximize synergies and avoid isolated or redundant actions.

  • Coordination of Financing Sources: Strengthening coordination between different sources of funding, both national and international, is a key function of the GFC.