An independent evaluation of the GCF's approach to the energy sector is undertaken following an approval by the GCF Board in the decision B.34/06 in October 2022. The evaluation will assess the relevance and effectiveness of GCF’s approach to the energy sector to inform future strategy, policy or guidance and will be used to update the GCF sectoral guidance. It will also provide an extensive analysis of the results achieved as well as scenarios for future strategies of the GCF. Finally, it will contribute to accountability by reviewing evidence on the performance and likelihood of impact of GCF’s energy sector approach.

The approach paper of this evaluation provides the general context of energy sector and the GCF mandate and portfolio in renewable energy and energy efficiency. It also summarises existing researches and evidence on energy sector. Further, it presents key evaluation questions, methods, workplan and expected delieverables.