The Climate Finance Access Hub (the Hub) is the Commonwealth’s response to the ongoing and future threats of climate change to its member countries. The primary aim of the Hub is to help small and vulnerable countries access international sources of climate finance to meet their priority adaptation and mitigation needs and realize their sustainable development goals.
The delivery mechanism for the Hub involves the placement of long-term climate finance experts in beneficiary countries and regional organisations to build capacity for enhanced access and effective use of private and public climate finance resources.
The services of the Hub are demand driven and a network of long-term national and regional advisers support the countries to develop transformative projects required to access funds and support institutional capacity to deliver on climate finance.
Beneficiaries of the Hub
All communities and people of Commonwealth member countries are potential beneficiaries of the support services of the Hub. The vulnerability of small states and least developed countries to the ongoing and future adverse impacts of climate change demands that these countries are given priority for support that enhances capacity and enables them to implement climate related projects.
Structural design of the Hub
The design of the Hub is based on the “Hub-and-Spoke Model”, which is a system of interconnections characterized by a central hub and regional spokes (experts) linked with nodes - a cluster or sub-regional interlinkages or national level mechanisms connected by multiple networks. Consequently, every node is technically and professionally supported by other players in the system.
The central Hub, based in the Republic of Mauritius, receives and manages requests for capacity and technical assistance to secure climate finance. It executes these through a network of long-term national and regional advisers. Linked to these advisers is access to: (i) a Knowledge Network and (ii) a Technical Support Mechanism to enable peer-to-peer exchanges and consultancies.
Country Support Services
The Hub provides dedicated capacity support that enables countries to prepare for the application process. It also helps them to better interface with the wide range of funds and readiness activities that are on offer in the international climate finance landscape. It enhances coordination amongst departments and beneficiaries and builds systems and knowledge in the longer-term.
The Hub’s support services to member countries are grouped under three broad components:
Human and institutional Capacity Development: This component is one of the key element of the Hub’s objectives. This will be achieved through long-term deployment of skilled technical regional and national advisors for the development of climate finance capacity at regional and national level. The national advisors will work with the respective national institutional set-ups. While assisting these institutions to develop the required policy frameworks and determine national sustainable development priorities, these experts will also help with the creation of a pipeline of implementable climate change related projects designed on the principles of international climate finance.
Knowledge Management: The knowledge management component is designed to accumulate and share specific knowledge, experiences and lessons learned from different activities of the Hub and other external sources. A range of knowledge gathering and dissemination tools and means are being designed with the aim to promote south-south learning.
Technical Mechanism: The technical mechanism is a backstopping function for different aspects of climate change projects and activities aimed at supporting selected priority and specialized short-term advisory services to the countries. The function will be designed and implemented through regional support mechanisms. This will comprise a database of experts and specialized regional agencies and entities, that will work together to finance consultants and integrate it into the overall capacity support program of the Hub.
The Hub’s steering committee is its governance organ and is responsible for providing strategic and policy guidance to its operations. Through its liaison and interaction with the general manager, the Steering Committee supports and supervises the operations of the Hub and ensures that principles of transparency and accountability are upheld, and that its controls and risk management system is robust.
In accordance with the terms of reference the members of the steering committee consist of geographical regions, representation from the donor community, international climate finance institutions, civil society and a representative of the Hub’s host country Mauritius.
The inaugural meeting of the steering committee, held on 7-8 December 2016, was represented by Republic of Mauritius, Antigua and Barbuda, Tonga and The Commonwealth Secretariat. The meeting was chaired by the Republic of Mauritius and it agreed to adopt several key institutional elements for the operationalisation of the Hub.
Wish to Join?
The Hub services are open to all Commonwealth member countries through a request from the Commonwealth focal point.
For more information and request for services of the Hub please contact us at [email protected]