The goal of the proposed programme is to create a market for investments in solar technologies in the six LDCs mentioned above. The programme aims to incentivize and leverage private sector actors based in these countries to scale up private investment in solar technologies. The programme is expected to contribute to a paradigm shift to low-emission development pathways through the mobilisation at scale of private climate finance.
The programme will have two main objectives and interrelated components:
1. To scale up commercial and sustainable financing for solar investments through senior debt and standby loans
2. To develop technical capacity of private and public sector actors and raise awareness about the benefits of solar technologies.
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ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND
The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at email@example.com.