B.06/04: Initial modalities for the operation of the Fund’s mitigation and adaptation windows and the Private Sector Facility
The Board, having considered document GCF/B.06/02 Initial Modalities for the Operation of the Fund’s Mitigation and Adaptation Windows and the Private Sector Facility:
- Notes that the initial modalities for the operation of the Fund’s mitigation and adaptation windows and the Private Sector Facility are under discussion by the Board according to the items as set out in document GCF/B.06/02. In addition, modalities for the operation of the Fund’s Private Sector Facility will be developed based on the recommendations of the Private Sector Advisory Group;
- Decides that a conclusion on the initial modalities of the Fund can only be reached at the end of the May 2014 Board meeting, once the Board has completed its deliberations on the different elements that constitute the modalities;
- Decides that the Board will continue considering the initial modalities for the operation of the Fund’s mitigation and adaptation windows and the Private Sector Facility at its May 2014 meeting, based on a revised document, taking into consideration the views expressed during this meeting.