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The Private Sector Engagement Specialist will be responsible for assisting the UNDP Climate Change Adaptation Unit in designing project proposals with a significant private sector engagement component. During the 29th meeting of the Least Developed Countries Fund and Special Climate Change Fund Council, Council Members approved a USD 64 million LDCF Work Program, comprising nine projects, including three multi-trust fund projects that combine resources with the GEF. In the past, the GEF biodiversity focal area has supported numerous projects that demonstrate successful private sector engagement and have attracted significant private sector co-financing.

WHO supports countries in making better decisions when engaging with the private sector. GEF Council Approves Work Program, Endorses Private Sector Engagement Strategy, 12. Moreover, how private sector engagement occurs should be informed by good development practice. It has been prepared through consultations with the Private Sector Task Team as well as external private sector representatives and partners. GEF Council Approves Work Program, Endorses Private Sector Engagement Strategy In his opening address to the 59th meeting of the Global Environment Facility (GEF) Council, GEF CEO and Chairperson Carlos Manuel Rodríguez called for the Council to place green recovery strategies to respond to COVID-19 at the heart of the GEF’s new Work Program. In this document, we take the lead from the GEF’s history of working with the private sector, to identify the main factors make the engagement successful and to overcome barriers that would In his opening address to the 59th meeting of the Global Environment Facility (GEF) Council, GEF CEO and Chairperson Carlos Manuel Rodríguez called for the Council to place green recovery strategies to respond to COVID-19 at the heart of the GEF’s new Work Program. Resources from the GEF play a key role in piloting emerging and innovative solutions, including clean technologies, business models, supportive policies and strategies, and financial tools which foster private sector engagement for climate-friendly technologies and innovations. Key stakeholders should be engaged to inform the overall project strategy presented in the PIF and ensure buy-in. They have taken the call for action not only from a risk perspective but also to pursue business opportunities. We draw on five different interventions to promote private sector engagement and with the  Non-Grant Pilot Program  the GEF supports innovative financing models. He also encouraged the Council to set robust targets for the eighth replenishment of the GEF Trust Fund (GEF-8), and to support the effectiveness of national-level programmes, including by sharing best practices. The Work Program also mobilizes USD 2.1 billion in co-financing, of which USD 1.4 billion is from investments. In Paraguay McDonalds has joined this initiative to support zero-deforestation beef production. Enhancing Water-Food Security and Climate Resilience in Volcanic Island Countries of the Pacific. Building on this experience, the GEF is moving towards a more holistic approach that will mainstream private sector engagement across GEF focal area strategies and integrated approach pilots. Deploy innovative financial instruments, including demonstrations and incremental financing for low-emission, climate-resilient investments, enabling private sector investment to flourish. The Strategy guides UNEP’s engagement with the private sector to contribute to sustained transformative changes and innovations that are aligned with its Medium Term Strategy and Programme of Work. Today, private sources represent more than 90 percent of financial flows into emerging markets. Background Project Summary Poverty Reduction through Safe Migration, Skills Development and Enhanced Job Placement in Countries already have mixed health systems, although in many the private sector is not sufficiently leveraged to deliver on national health goals Given the GFF is a new mechanism, proposed approach is to develop a private sector strategy focused on 2016, rather than a lengthy planning process for a multi-year document. The GEF has enlisted the support of major palm oil producers who have committed to “zero-deforestation” palm oil production, facilitating training and capacity building for small-holders that form the foundation of the supply chain. The consultant will be responsible for the following activities: society, Indigenous Peoples, communities and the private sector, by harnessing the knowledge, experience and capabilities of affected and interested individuals and groups. The Global Environment Facility (GEF) Trust Fund aims to help developing countries and economies in transition contribute to the overall objective of the Rio Conventions including the United Nations Framework Convention on Climate Change (UNFCCC) to mitigate climate change, while enabling sustainable economic development. This includes those expected to play an executing role as project partners. The Public-Private Partnerships Guidebook is a reference source and a guide for GEF IW projects. The SDG Update compiles the news, commentary and upcoming events that are published on the SDG Knowledge Hub each day, delivering information on the implementation of the 2030 Agenda for Sustainable Development to your inbox. During the meeting, the GEF Council approved a US$409.2m Work Program me comprising 60 projects and two programmes in various focal areas. Responsible Consumption & Production, Summary of the Chair of the LDCF/SCCF Council. But there are several examples of success: © 2021 Global Environment Facility, All Rights Reserved. Overview of Private Sector Engagement 1.1. Principles for effective development co-operation should thus be integrated into private sector engagement strategies and mechanisms to ensure country … Issuu company logo Issuu The time for action is now. There are numerous barriers to expanded private sector engagement in GEF projects, including countries’ lack of interest or capacity in involving the private sector, and a lack of entry points for private sector stakeholders at the global or national level to address environmental challenges and opportunities across the entire value chain. Sector Engagement Strategy in October 2019. Private-Sector Engagement Policy (pdf - 3 MB) The world is changing, and how we approach development is responding to these changes . Strengthen institutional capacity and decision-making to improve information, participation, and accountability in public and private decisions. The Strategy for Private Sector Engagement was created as a result of the UN Environment Assembly’s Resolution (UNEP/EA.4/RES.4) “Addressing environmental challenges through sustainable business practice”, which was adopted in March 2019. This document therefore complements the 2007 strategy, rather than replaces it. The Council also endorsed a new Private Sector Engagement Strategy outlining how the GEF will work in a structured way with industry groups, companies, and investors. GEF’s engagement with these entities has been successful with the private sector performing on par with the … Fourth Call for Proposals: GEF-7 Non-Grant Instrument Program, Engaging with the private sector for greater impact. Building on this experience, the GEF is moving towards a more holistic approach that will mainstream private sector engagement across GEF focal area strategies and integrated approach pilots. The Earth Negotiations Bulletin summary of the Council meeting notes that Council Members deliberated on the pandemic’s impact on project management, and considered a white paper by the GEF COVID-19 Task Force that outlines how environmental action can reduce future threats of disease outbreak. replenishment process, that the GEF has developed this Private Sector Engagement Strategy. Purpose 3. Demonstrate innovative approaches, including validation of a technology, a policy measure or an approach to address environmental degradation that can spur broader adoption. Private sector development refers to DFAT's work to support the growth of the private sector in developing countries. Among the approved projects are the following: In light of the recent audit report by the UN Development Programme (UNDP) Office of Audit and Investigations (OAI) of UNDP GEF Management, all projects included in the Work Program implemented by UNDP shall be circulated by email for Council review at least four weeks prior to CEO endorsement/approval. In order to transform economic systems and reverse unsustainable global trends, the private sector will need to play an essential role. The endorsement of a new private sector engagement strategy, outlining how the GEF will work in a systematic manner with industry groups, companies, and investors to reverse unsustainable global trends and deliver global environmental benefits; The opening of discussions on the GEF-8 replenishment, the negotiations for which are expected to conclude by April 2022 in order to ensure a smooth transition from GEF-7; and. engagement in climate adaptation and resilience with GEF and private sector participants in New York City during Climate Week in September 2018. The Work Program offers urgent assistance to 87 of the world’s most vulnerable countries. This Policy sets out the core principles and mandatory requirements for Stakeholder Engagement in GEF governance The pilot demonstrated that non-grant projects can provide high leverage of GEF investment, and that innovative financing solutions for natural resources management have increasingly emerged as economically viable. According to a landmark report from the Business & Sustainable Development Commission, pursuing sustainable and inclusive business models could unlock economic opportunities worth at least $12 trillion a year by 2030 and generate up to 380 million jobs, primarily in developing countries. This paper lays out the proposed approach to private sector engagement for the Global Financing Facility and requests feedback and discussion from the Investors Group on the approach. Our Vision By 2025, UNEP’s engagement with the private sector will have created The GEF has a long history of engaging business and catalyzing private sector investment and the current GEF CEO Vision Statement makes clear that in order to bring transformational change to the global environment, the public and private sectors must identify new ways of working together. Private Sector The GEF has a long history of engaging business and catalyzing private sector investment. The paper should be reviewed in conjunction with paper GFF-IG2 … Secure Philanthropic Organizations Leaders commitments (including financial) to each of the Action Coalitions to be announced at the GEF Paris Forum and secure business leaders’ commitments. Transform policy and regulatory environments, including feed-in tariffs for renewable energy, incentives that guarantee markets for new approaches and encourage long-term investments. Nature+ Accelerator Fund to 'incubate and accelerate... IUCN and partners launch novel fund to drive investment to... We should prepare for future shocks post COVID-19. We draw on five different interventions to promote private sector engagement and with the Non-Grant Pilot Program the GEF supports innovative financing models. Engagement with the Private Sector report, the GEF defined private sector engagement as “broad partnerships rather than specific capital investments1” 4. The GEF Council approved a GEF strategy in 1996 that identified the “removal of market, information and other bar-riers” as the key approach to engage the private sector. Excerpts may only be used with appropriate academic citation and a link back to the corresponding article/page used. engagement with the private sector. Under GEF-7, the GEF expanded the envelop of blended finance to $136 million under the Non-Grant Instrument Program (NGI Program) to accelerate the participation of the private sector in GEF projects. Private Sector Engagement Toolkit < Table of Contents Chapter 1 Overview of Private Sector Engagement 1. The endorsement of a new private sector engagement strategy, outlining how the GEF will work in a systematic manner with industry groups, companies, and investors to reverse unsustainable global trends and deliver global environmental benefits; Lead the engagement and commitment of private sector and philanthropic partners for the launch of the GEF Action Coalitions: Lead the development and implementation of the Action Coalition Partnership Strategy for Philanthropic Organizations and Private Sector companies with the objective to advance strategic partnership engagement and multiyear commitments for each of the six Action Coalitions. GEF CEO and Chairperson Carlos Manuel Rodríguez called on the Council to: place green recovery strategies to respond to COVID-19 at the heart of the GEF’s new Work Program; set robust targets for the GEF-8 replenishment; and support the effectiveness of national-level programmes, including through the sharing of best practices. In GEF-7, the GEF’s work with the private sector is based on two pillars: This strategy addresses several barriers by offering greater access to non-grant instruments and explicitly creating opportunities to involve the private sector in new programs under the GEF-7, notably the Impact Programs. The GEF Council approved a strategy in 1996 that identified the “removal of market, information and other barriers” as the key approach to engaging the private sector. It contains information on the engaging the private sector both generally and in the context for a GEF … The GEF is intended to cover the incremental costs of a The survey will contribute to the development of a regional private sector engagement strategy for the Western Indian Ocean region. 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