GIZ, in cooperation with and financed by USAID, is implementing the Climate Finance Readiness Programme (CF Ready), providing technical support to the Department of Climate Change, General Secretariat of National Council for Sustainable Development, to implement the National Adaptation Plan (NAP). To this effect, a NAP financing framework is an important outcome of the CF Ready Programme and aims at accelerating the readiness of climate finance in Cambodia.
In February 2017, a consultation workshop brought together 44 representatives from 23 line ministries, agencies and development partners to discuss and comment on a draft NAP financing framework and implementation plan. In the consultation, participants undertook a collaborative analysis of 40 Priority Actions shortlisted from 148 non-funded actions of Climate Change Action Plans (CCAPs) of key climate sensitive ministries and agencies.
The results from this participatory process have informed the content of the framework as follows:
- The implementation plan of the NAP financing framework will propose short, mid and long term recommendations, including issues like packaging and sequencing of actions, with the main aim to direct the CCAP actions to potential funding sources.
- Some of the 40 priority actions have been classified as being “near implementation phase” or close to ready to access climate financing.
- Several actions will need more time and effort before being ready for application to international funding sources and were classified as “under preparation phase”. Additional actions are cross-cutting and classified as “contributing to an enabling environment for the NAP”.
To supplement the NAP financing implementation plan, the NAP financing framework includes a thorough analysis of international climate funding options for adaptation priorities as well as reviews of previous studies, such as the assessment of financing demands for climate change adaptation actions, national budget and expenditure reviews, the study of private sector investment opportunities.