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Lesson
Employ a “learning-by-doing” approach jointly with DMC stakeholders when developing climate-funding applications, including very close interaction between DMC stakeholders and proposal preparation consultants, is effective for knowledge building.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Increased readiness for finance access differs from actual capacity to access finance and is highly context-specific to the type of project for which finance is required, the sources of finance being tapped, and individual DMC priorities and circumstances.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Given the very limited number of consultants with the necessary experience in climate finance and the high demand for their services, it is recommended that allowances must be made in terms of consultant procurement (e.g., in rare instances of higher rates wherever justified).

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
As a consequence of this TA, a cost center has been established in SDCD, which allows ADB, inter alia, to continue to develop project proposals for submission to GCF. ADB’s Pacific Regional Department has since implemented TAs that can support the generation of climate finance proposals in conjunction with ADB projects.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
In order to have greater flexibility to respond to emerging needs of DMCs contrary to usual practice, the TA did not specify upfront what target DMCs would be included. This allowed greater responsiveness once opportunities for mobilization of climate finance became clearer.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
The TA showed the benefits of employing a flexible approach to provision of support, including consultant terms of reference which were suitable for hiring consultants to carry out a broad range of activities. There are also benefits to work closely with the team of consultants ensuring timely delivery and quality of outputs.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Close exchange with the GCF Secretariat as well as with other multilateral development banks and development partners accredited to the GCF has been helpful for understanding the investment criteria of climate financiers. The TA benefited from cofinancing by the NDF which was mobilized during TA implementation.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
The TA addressed the significant complexity and highly dynamic evolution of the external climate finance landscape and mechanisms such as the GCF, and the challenges and barriers faced by DMCs to identify and develop priority projects which deliver against national climate and development priorities as well as the investment criteria of external climate finance providers. Overall, there remains a strong rationale for ADB to step up innovative approaches in climate finance, and support to DMCs for accessing climate finance both from its own as well as external climate finance sources.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
The TA highlighted the value of promoting knowledge exchange among DMCs on the issue of access to external climate finance, on which most DMCs only have limited direct experience.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Promoting close involvement of DMC stakeholders in discussions with climate finance providers allowed government decision makers and DMC stakeholders the opportunity to interact with climate financiers first-hand and was an important contribution to increasing buy-in by all parties.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
After direct requests from DMCs to ADB to assist them with climate finance access, the TA was responsive to the evolving needs of DMCs related to the financing of their climate commitments under the UNFCCC which were not necessarily (yet) included in their country partnership strategy.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Early engagement with potential external providers of climate finance can help to drive project selection and support project design in line with the investment criteria of these providers.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Promoting knowledge exchange and sharing of lessons learned from successful climate financing applications is important in a context of very limited experience with innovative climate finance mechanisms.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date:
Lesson
Early engagement with ADB project teams during the project design stage allows for more effective framing of projects as climate-relevant, as well as the inclusion of climate-relevant project components, which facilitate the mobilization of climate finance.

Project Number: 47286-001
Project Name: Enhancing Readiness of ADB Developing Member Countries for Scaled Up Climate Finance
Report Date: