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An important tool that can help countries to make the most of climate finance is a National Climate Fund (NCF). An NCF is a country-driven mechanism that supports the collection, blending, coordination of, and accounting for climate finance at the national level. This guidebook presents a process for designing and establishing an NCF and provides a simple, robust and transparent method for meaningful stakeholder engagement. In this way, countries are better equipped to manage climate finance and achieve results.

Document Summary

UNDP has a presence on the ground in over 170 countries and territories and decades of concrete development experience in countries ranging from fragile States to middle-income countries like Brazil and Indonesia. This, combined with our four focus areas — poverty reduction and achievement of the Millennium Development Goals (MDGs); democratic governance; crisis prevention and recovery; and environment and sustainable development — make us uniquely situated and qualified to answer the UN’s call for a better and more sustainable future.

This issue of direct and indirect poverty and environment nexus has been recognized by the government in the context of currently launched National Human Development Initiative that aims at addressing poverty issues by introducing effective decentralized system of governance and natural resource management. This process has been informed by NCSA that highlighted importance of capacity development for achievement of mutually reinforcing goals of NHDI and global environmental objectives as stemmed from the “Rio Conventions”.

The project targets Capacity Development Objective 4, which calls for the development of sustainable financial mechanisms to meet the shared objectives under the three Rio Conventions.  The project's objective of reforming the administration of fees, fines, charges, taxes, and subsidies as they affect environmental protection is a critical need to ensuring streamlined financing of national activities for Moldova to meet international environmental obligations.