The proposed readiness project aims to remove obstacles and enhance access to climate finance by strengthening the technical and institutional capacity of various stakeholders such as the National Designated Authority (NDA), Ministry of Finance (MoF); Royal Society for Protection of Nature (RSPN) which secured an NDA endorsement for DAE application, and potential Executing Entities (EEs), including Bhutan Ecological Society (BES), Tarayana Foundation, and Youth Development Fund (YDF) . The proposed readiness project will contribute towards meeting the GCF Readiness Objectives One (Capacity Building), Two (Strategic Frameworks), and Five (Knowledge Sharing and Learning).

The goal of the proposed readiness project is to increase Bhutan's access to climate finance by improving the availability and access to robust and credible climate information and data through stakeholder coordination, and technical capacity building to meet its NDC and NAP commitments and needs.

The direct beneficiaries of this proposed readiness project include the NDA, MoF, Department of Environment and Climate Change (DoECC) as a national focal point to the UNFCCC, National Centre for Hydrology and Meteorology (NCHM), Office of the Attorney General (OAG), RSPN (soon to be a DAE applicant) and potential EEs. Through the capacity building and knowledge sharing activities under this proposed readiness project, private sector partners, CSOs, local communities, indigenous communities and DAE (BTFEC) will be benefited indirectly.