NDF financing to the Fund consists of a EUR 10 million grant. The IDB will commit USD 4 million in co-finance covering the first 4 years of operations and assess further commitments on a rolling basis. The IDB targets an additional USD 10 million from other donors by the end of 2017.
Program Manager Aage Jørgensen
Telephone +358 10 618 002
The NDC Pipeline Accelerator assists LAC’s national and sub-national entities, both public and private, to plan and design investments in infrastructure, agriculture, and land-use management that are aligned with their NDCs and other national climate and sustainable development objectives.
The fund specifically focuses on: (i) supporting member countries to prepare the necessary investments to meet their climate and sustainable development objectives; (ii) mobilizing and providing resources to cover additional costs associated with planning, identifying, preparing, and managing sustainable projects; and (iii) accelerating these sustainable projects through their project cycle.
This fund is part of IDB's NDC Invest Platform, a one-stop shop of the IDB Group to help countries access resources needed to translate national climate commitments into investment plans and bankable projects. NDC Invest is a platform that includes the entire universe of financial and non-financial instruments of the IDB Group, and it is comprised of four elements: NDC Programmer, NDC Pipeline Accelerator, NDC Market Booster and NDC Finance Mobilizer. Together, the components aim to enable progress toward both the NDC and IDB lending objectives, as well as toward achievement of the UN Sustainable Development Goals.
NDF, IDB, Nordic countries
The ACCELERATOR will report to donors on indicators on an annual basis as part of the Trust Fund governance framework. The full impact of the ACCELERATOR can only be assessed based on results realized at downstream stages of NDC Invest. Reporting, therefore, will capture activities directly financed by the ACCELERATOR Trust Fund and results at NDC Invest level. The following summarizes key indicators for the Fund:
- Activities: a report on specific fund outputs.
- Mitigation: an assessment or projection at project level
- Adaptation/Resilience: an assessment or projection at project level
- Financial Mobilization: downstream investment flows will be tracked according to the Joint MDBs Methodology for Climate Finance Tracking
- Alignment to IDB Corporate Results Framework 2010-2020: Formal employment of women (% of total new employment), number of farmers with improved access to agricultural services, number of projects supported that contribute to social inclusion and equality
The IDB ORP Department is responsible for the management and reporting of the Fund. Based on the Operational Guidelines for Technical Cooperation Products (OP-619-1) through the Eligibility and Strategic Committee (ESC) for Sustainability as the governance structure for the Fund.
IDB and IIC operations and country teams together with country counterparts will initiate requests for support through an ACCELERATOR Coordination Unit (ACU) sitting in CCS. The ACU team will provide guidance and support on the basis of key eligibility factors, notably:
- Clear linkage to NDC programming discussions or other country level climate priorities;
- Alignment with adaptation and/or mitigation criteria representing a blend of existing IDB and NDF criteria as follows:
- Adaptation-Projects and activities financed from the Fund should be aimed to enhance climate change adaptation and resilience. The Fund will assess projects classified as adaptation on the basis of IDB adaptation criteria plus the NDF criterion that the value of the adaptation components be at least 50% of the overall project cost; and/or
- Mitigation- Projects and activities should promote efforts to reduce or limit GHG emissions or enhance their sequestration. The ACCELERATOR project selection committee will assess the mitigation component of each proposal to determine if significant and appropriate given resources requested from the Fund. This will entail upstream projections of GHG reductions where feasible.
Latin America and the Caribbean
Access projects funding by meeting NDC Invest eligibility criteria. Once criteria is met, projects need to fill out a template to evaluate viability and eligibility based on the Fund requirements. After confirmation from the evaluation team (CCS Division), the project can be sent to the IDB Single Window to request funds and request eligibility by the ESC Sustainability Committee.