Access to New Finance Mechanisms
Through this highlighted initiative of providing Access to New Finance Mechanisms the UNDP-GEF team is also managing the MDG Carbon Programme through a dedicated Facility (the MDG Carbon Facility). The focus of this work is to develop Clean Development Mechanism (COM) projects with high development benefits in under-represented countries. The focus is shifting towards more scaled-up approaches, like Programs of Activities (PoA) and sector-wide approaches to carbon finance. The team aims to develop synergies with the GEF-funded portfolio, in particular through developing a number of NAMA (Nationally Appropriate Mitigation Actions) readiness projects, targeting the energy, urban and waste sectors. The current portfolio consists of 12 carbon finance projects that are under registration or implementation using a variety of clean energy technologies.