PCCB focus area 2025-2026
Objectives
The 2025-2026 focus area aims to strengthen the capacity of developing country Parties to:
🔹 Mobilize and scale finance for climate action – bridging the gap between climate ambitions and tangible outcomes through strategic investments and bankable projects;
🔹 Enhance the skills and knowledge for accessing climate finance – to secure funds from different sources including, Multilateral Development Banks (MDBs), International Financial Initiatives (IFIs), the private sector and philanthropic foundations; and
🔹 Strengthen institutional capacity – support in creating an enabling environment for effective climate action through systemic and institutional capacity-building.
This involves supporting national institutions in engaging with financiers, designing viable projects, and ensuring alignment with broader development objectives. It also prioritizes inclusivity—integrating the voices of local communities, Indigenous peoples, women, and youth—to shape investment strategies and bankable projects for NDC and NAP implementation.
Gaps and Needs
Critical gaps between the capacity-building support provided by key stakeholders and the specific capacity-building needs expressed by governments were identified which enabled 8 key gaps and needs to be established.
All tools, knowledge products and resources provided address one or more of the below gaps and needs:
- Inability to maintain a sound grasp of broader macroeconomic conditions and market trends and their relationship with climate action
- Insufficient alignment of climate policies across sectors and public institutions
- Insufficient alignment of green projects with national NDCs & NAPs goals and objectives
- Inadequate understanding of various reliable revenue models
- Unfamiliarity with the range of financial instruments at their disposal
- Lack of a comprehensive understanding of available financial sources and clear definition of climate finance
- Unfamiliarity with effective stakeholder engagement strategies across multiple levels
- Inadequate data collection, management and reporting