Independent Evaluation of the Green Climate Fund’s Energy Sector Portfolio and Approach (ES2023)

  • Evaluation type Portfolio
  • Status Completed in
    February 2024

This evaluation of the energy sector will cover a wide geographic area of operations of the GCF with themes covering the relevance, efficiency, suitability, effectiveness, and innovativeness of GCF’s portfolio in the energy sector in achieving climate goals alongside the lessons learned from the investments. The evaluation report will be submitted to the Board in time for the first Board meeting in 2024.

Evaluation Documents

  • The evaluation was commissioned by the Board in IEU Work Plan and Budget for 2023 at B.34. 
  • Terms of Reference
  • The approach paper prepared by the evaluation team during the inception stage describes the approach, methods, and timeline and limitation for the evaluation.
  • The evaluation team further developed an approach brief to provide a summary of the approach paper of the evaluation, including the evaluation’s context, purpose and objectives, scope, methods and country case studies.

  • The GCF Secretariat Management response presents the response to the Independent Evaluation of Green Climate Fund’s Energy Sector Portfolio and Approach undertaken by the Independent Evaluation Unit (IEU).  
  • In Decision B.39/16, the GCF Board considered the Independent Evaluation of Green Climate Fund’s Energy Sector Portfolio and Approach undertaken by the Independent Evaluation Unit (IEU).  

  • The Board invited members and alternate members of the Board to consider the findings and recommendations of the evaluation and to provide any comments no later than 30 September 2024. The Board further requested the IEU to append the response matrix of comments received to the evaluation report no later than 30 October 2024 to inform future relevant Board discussions.