B.10/17: Investment Framework: Applying scale in the assessment of funding proposals

The Board, having reviewed document GCF/B.10/04 Applying Scale in the Assessment of Funding Proposals, and recalling decision B.09/05:

1. Decides that in applying the scaling pilot, the proposal size is defined as:
   
   1. Micro proposals: up to and including US$ 10 million in total project size;
   2. Small proposals: above US$ 10 million and up to and including US$ 50 million in total project size;
   3. Medium proposals: above US$ 50 million and up to and including US$ 250 million in total project size; and
   4. Large proposals: above US$ 250 million in total project size;
2. Also decides that the scaling pilot will apply to all medium and large proposals;
3. Further decides that in monitoring the effectiveness of the scaling pilot, mitigation proposals will only be compared with mitigation proposals and adaptation proposals will only be compared with adaptation proposals;
4. Decides to recognize country needs and circumstances while applying the scaling pilot, in line with decision B.09/05, paragraph (g); and
5. Requests the Secretariat to review the scaling pilot on an annual basis and to communicate its findings to the Investment Committee and to the Board.