The Technical Assistance Program (TAP) aims to reduce barriers to large-scale access to multilateral climate funds in Africa and significantly increase the flow of adaptation finance to the region.

The TAP tackles the main barriers faced by African countries in accessing adaptation finance at scale. These include significant gaps in adaptation planning and decision-making, poor technical capacities for adaptation project development and implementation, and a lack of valorization of the groundbreaking direct access modality.

The TAP has three inter-related components:

• Building capacities for adaptation finance planning and decision-making to lay the groundwork for a long-term partnership for adaptation finance mobilization and implementation
• Strengthening direct access by facilitating new accreditations and supporting the upgrade of existing National Implementing Entities (NIEs) while ensuring complementarity with the international access modality
• Promoting inter-sectoral, large-scale, and transformational adaptation projects and programs through inclusive consultative processes aligned with national and regional priorities

GCA works to increase the supply of adaptation finance by engaging and mobilizing domestic and international public and private sources. By leveraging the offering and adoption of adaptation-focused financial instruments, finance is mobilized from institutional investors in international and domestic markets, enabling investment into adaptation projects and initiatives. GCA offers technical assistance for structuring blended finance and capital market solutions such as green bonds, private debt, and equity funds or adopting adaptation taxonomy for traditional green lines of credit.

GCA is transforming the financial sector architecture to take action on climate risk to ensure financial stability. GCA builds transformation pathways that represent the essential leadership, knowledge, and financing programs that financial stakeholders need to ensure climate-resilient and sustainable financial systems.

In line with its role as a solutions broker, GCA supports the Africa Financial Alliance on Climate Change (AFAC), and the Adaptation and Resilient Investment Collaborative.

Through the AFAC, GCA is working at three levels to enhance the role of the financial system in Africa to mobilize capital for climate-responsive investments:

• IFIs, to ensure that financial sector investment projects include a focus on adaptation
• The public sector, to stress test key economic sectors and develop policy solutions for adaptation finance
• The private sector to climate stress test investment portfolios and to identify measures to address climate risk