Financing of climate projects

In accordance with the principle of common but differentiated responsibility of the United Nations Framework Convention on Climate Change (UNFCCC), developed countries must provide financial resources to support developing countries in implementing the objectives of the Convention.

The financial resources mobilized under the UNFCCC are used to implement programs and projects that help developing countries adapt to adverse effects and reduce the impacts of Climate Change.

Through its mission, OSS provides its members and partners with technical and institutional support to develop project proposals to address the impacts of climate change and contribute to countries' adaptation and mitigation efforts. Thus, in order to better adapt its services and encourage the mobilization of financial resources for these proposals, the OSS has positioned itself as an intermediary (regional implementation agency) between the Climate Funds and its member countries and partners. It is in this context that the OSS was accredited as an implementing entity by the Adaptation Fund in 2013 and by the Green Climate Fund in October 2017.

These two accreditations reinforce the role of OSS as facilitator of partnerships and allow OSS to mobilize funds and thus contribute to the realization of the policies and strategies related to the environment and the sustainable development of its member countries and partners.

  • OSS and Green Climate Fund - GCF

The Green Climate Fund was set up in 2010 by the parties to the United Nations Framework Convention on Climate Change (UNFCCC). Given the urgency and gravity of Climate Change, this fund's mission is to contribute to and participate in global efforts to achieve the goals set by the international community to combat this issue. This Fund finances both adaptation and mitigation actions.

OSS was accredited at the 18th meeting of the Board of the Fund, held in Cairo, from September 30 to October 02, 2017. The OSS accreditation is for risk B and C (medium and low) project categories and of which budgets do not exceed 10 M USD.

In this context, the OSS launches from 7 September 2018 to 31 December 2018, a first call for proposals to enable countries to mobilize funding in the form of grants from the Green Climate Fund. The projects to be financed aim to ensure the transition of the beneficiary countries towards climate-resilient and low-carbon development.   

  • OSS and Adaptation Fund - AF

The Adaptation Fund was established during the COP7 in Marrakech in 2001 under the framework of Kyoto Protocol. It is the main financial instrument for climate change adaptation under the UNFCCC, by funding concrete adaptation programs and projects for developing countries and particularly the most vulnerable to the adverse effects of climate change.

The twenty-first (21st) session of the Fund Council, held in Bonn (Germany) on 3 and 4 July 2013, adopted Decision B.21 / 1 on the accreditation of  OSS as Regional Implementing Entity - RIE.