The Caribbean Community Climate Change Centre (CCCCC) has announced a Call for Project Ideas aim to collect a list of project ideas from the private sector entities of the country, aligned with the GCF strategic areas and with the national priorities from the Government of The Bahamas.

The purpose of this exercise is to increase the participation of private entities in climate action initiatives, in the form of Public-Private Partnerships.

Objectives

The overall objective of the Call for Project Ideas (CPI) is to support the local private sector in its mobilization and engagement efforts with the GCF for climate action in The Bahamas. The specific objectives of the CPI are to:

• Start the process whereby the private sector develops project ideas that support Bahamas’ climate change priorities and strategic development plans.
• To align with the GCF’s investment criteria and the GCF Private Sector Facility (PSF) requirements.

Eligibility Criteria

This Call is open to private sector entities, who fully meet the following eligibility criteria:

• Be an entity (i.e. a company, a partnership, an association or a financial institution) legally registered and operating in the Bahamas , or a private foreign organization, provided that the beneficiaries of the outputs of the project ideas are intended to benefit only citizens or residents of The Bahamas.
• Be in operation in The Bahamas for at least the last three (3) years. This claim must be supported by formal financial records.
• Agree to work in partnership with The Bahamas National Designated Authority (NDA) and a Direct Accredited Entity (DAE), when one becomes available, or with a Regional Accredited Entity, as well as to co-finance their project ideas.
• Submit project ideas that support the country’s climate change priorities and policies and align with the GCF objectives.

Eligible Project Ideas

The Call for Project Ideas must also be aligned with the GCF investment priorities and criteria, the eight (8) strategic result areas below.

• Reduced emissions from
  • Energy generation and access, for example, on and off grid solar electricity generation, wind, geothermal, biofuel energy, hydro energy generation and battery storage.
  • Transport, for example expanded use of electric and hybrid vehicles for public transportation, and use of low emission private vehicles for the consumer market.
  • Building, cities, industries, and appliances, for example, new and retrofitted energy-efficient buildings for commercial and consumer uses and installation of energy-efficient equipment for production.
  • Forest and land use, for example, investments in support of conservation and protection of watersheds and coastal systems such as mangroves, coral reefs, and beaches.
• Increased resilience of
  • Livelihoods of people and communities, for example, Investments in flood and drought resistant technologies, and early warning systems.
  • Health, food, and water security, for example, activities that improve integration of land and water management, cost-effective adaptive water management and technology transfer. Water impacts almost all aspects of society and the economy: public health, food production and security, domestic supply and sanitation, and eco-systems.
  • Infrastructure and the build environment, for example, investments in disaster-resilient critical infrastructure e.g. emergency services, public health services, water supply networks, electrical power, transport networks, and information and communications networks.
  • Ecosystems and ecosystem services, for example, investments that improve or reduce stress on the environments not directly impacted by human activities – for example, remote rainforests, alpine regions or coral reefs – to environments that are intensively managed – such as agricultural areas or managed forests for timber production.

For more information, visit Caribbean Community Climate Change Centre.