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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.

  • Development of Banking Projects: Support the development of projects and programmes that may attract climate finance.

  • 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.

Carbon Budget and Market Management

  • 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.

  • Analysis of the Marketing of Carbon Credits: Analyze the opportunities and challenges posed by the international trading of carbon credits.

Policy formulation and strategy

  • 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.

  • Integration of Climate Change in Government Planning: The Office shall promote the integration of climate change into government planning and budgeting processes, ensuring greater transparency and accountability.

  • Tax Assessment and Climate Policies: Support fiscal assessment and other innovative policy options related to climate change, including financial mechanisms.

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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

  • Mobilization and Application of Climate Funding: The GFC is responsible for coordinating the mobilization of financial resources and ensuring the effective application of these resources, facilitating the regular exchange of information between the organic units of the Ministry.

  • 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.