As a first step toward mobilizing international climate finance, the Government of Iraq, with technical assistance from UNDP, has begun national readiness activities to address institutional, regulatory and programmatic barriers, with the key objective of catalyzing climate investment in Iraq. With grant assistance from the Green Climate Fund (GCF), the Government has embarked on a two-year readiness programme, with UNDP Iraq as delivery partner.
The programme aims to support the Government increase its ability to effectively access and efficiently manage, track and guide climate financing, in accordance with GCF requirements. Guided by Iraq’s development policies and priorities, the readiness programme will include preparatory activities to:
- Establish a National Designated Authority (NDA) in Iraq, responsible for overseeing the investment framework objectives and activities;
- Strengthen stakeholder engagement and effective participation in climate change mitigation efforts;
- Assist Iraq in developing a gender-responsive country programme for the GCF, which includes climate change adaptation and mitigation priorities; and
- Map, prioritize and assess the capacity of prospective national entities against GCF accreditation standards.
The accomplishment of above activities will lay a foundation for Iraq to kick-start and make concrete steps towards meeting the need for effective and coordinated climate financing.