As the primary operating entity of the UNFCCC financial mechanism, the Green Climate Fund (GCF) is the largest dedicated fund to support the achievement of the Paris Agreement, including the goal to limit the global temperature increase to 1.5 degrees Celsius and the implementation of developing countries’ Nationally Determined Contributions (NDCs). This paper presents the findings from our research and recommended steps to improve existing Measurement, Reporting and Verification (MRV) systems. Overall, while there are policies in place that have been applied since the Fund started operating, GCF’s MRV procedures are incomplete. The paper offers recommendations to improve internal and external MRV guidance and current practice in applying MRV procedures.
Policy Report: Analysis of the Green Climate Fund Framework for Measurement, Reporting and Verification
Annex I: Review of GCF MRV Requirements and Procedures
Annex II: Review of MRV in Selected Energy Efficiency Proposals
Annex III: Review of MRV Practices at Comparable Institutions