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Results Based Finance and the Gold Standard

Welcome to the Results Based Finance and The Gold Standard e-learning course!

Cities play a vital role in addressing climate change. However, they can find it challenging to identify measurable outcomes of urban development initiatives and so attract the finance necessary to support these. Where there is challenge, there is also opportunity! Results based finance and Gold Standard certification offer cities and municipalities an opportunity to demonstrate to potential investors that their project or programme delivers quantifiable outcomes in a cost- and resource-effective way. Cities who adopt a best practice approach will be well positioned when it comes to the race to secure financial support; in other words, they will be the gold medallists! Sounds good, right?

Results Based Finance and The Gold Standard e-learning course!

Ready to find out more? Select the 'Launch' button.

If cities are to play their part in addressing climate change, it is vital they are able to access the necessary funds to finance finance low-carbon, climate-resilient and/or sustainability-oriented projects. This course explains how results based finance and Gold Standard certification can help them demonstrate the economic value of project outcomes and achieve these outcomes once implemented.

The aims of the course are to help cities:

  1. Understand how results based finance can help urban development projects
  2. Understand how Gold Standard certification can help reassure investors about measurable outcomes
  3. Select eligible urban development projects and think about project pipelines
  4. Navigate the Gold Standard certification process from initial stakeholder consultation to verification, performance review and final certification.

This online module was developed in close collaboration with Climate-KIC (learning design, development, and hosting), The South Pole Group (subject matter expertise and content) and The Gold Standard (subject matter expertise and content). For more information on Green Bonds for Cities please visit the homepage of South Pole and Climate Bonds Initiative.

For more information on this course or on the Low Carbon City Lab Training Hub, please contact Skylar Bee (local@climate-kic.org).

This course is aimed at city officials with finance/environment department roles, and city project developers who need to understand the finance sources available for city programmes/projects. It is also suitable for city-owned enterprise representatives (e.g. utility/transport) that are involved with innovative city programmes and projects.

This learning is also applicable to:

  • Investors/credit buyers and funding organisations, donors and development agencies.
  • Policy makers
  • NGOs
  • Students with an interest in financing urban development.

This course does not lead to a qualification or certification.

This course is divided into two modules,

  • Module 1: Foundation Level
  • Module 2: Practitioner Level

Module 1 consists of two learning nuggets which will take you 30 to 40 minutes to complete. This includes time to explore the links and resources provided in the nuggets and to complete any optional learning activities.

Module 2 consists of seven learning nuggets and will take 60 to 90 minutes to complete. You also gain access to the Sustainable Development Assessment Tool.

In addition to the course, you will be joining the Results Based Finance learning community, with whom you can discuss topics and ideas.

Once you have completed this course, you can return at any time to revisit any of the learning material or community discussions.

The learning nuggets in both modules are free to access with no time limit for viewing them.

 

 

Course benefits

Module 1: Foundation Level

This module gives you the ‘must know’ facts about results based finance and the Gold Standard. It explains what results based finance is, what the Gold Standard is, and how they can help cities to plan and implement urban development projects. It also features case studies of cities that have carried out financial assessments to see if results based finance was appropriate.

Module 2: Practitioner Level

This module gives cities the practical information and guidance they need to achieve Gold Standard certification. It provides important information for each step of the certification process, including the initial consultation with stakeholders, passing the preliminary review and becoming a registered project/programme, being monitored and independently verified, and finally becoming a certified project/programme.
This module gives access to the Sustainable Development Assessment Toolwhich is a customised spreadsheet that cities can use to define a project’s sustainable development outcomes.
This online module was developed in close collaboration with Climate-KIC, The South Pole Group and The Gold Standard. For more information on Green Bonds for Cities please visit the homepage of South Pole and Climate Bonds Initiative. For more information on this course or on the Low Carbon City Lab Training Hub, please contact Skylar Bee (local@climate-kic.org).
Learning Outcomes:
After completing this course, you'll be able to:
  • Explain what results based finance is and why it is important for sustainable development
  • Explain how results based financial assessments are carried out, including how co-benefits are identified and monetised
  • Give examples of cities that have carried out financial assessments to see if results based finance was appropriate
  • Describe the difference between a sustainable development project and a sustainable development programme
  • Outline the key steps in the Gold Standard certification process, from initial stakeholder consultation and preliminary review of the documentation, to verification, performance review and final certification
  • Explain how the Sustainable Development Assessment Tool can help cities to quantify sustainable development outcomes.

Discussions

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This is an online educational resource. The aim? To provide access to quality, interactive learning materials that discuss how sustainable urban development projects/programmes can be made more investible. It’s a flexible resource, so you can view as much or as little of the learning content as meets your needs. Oh, did we mention it also works great on tablets and smartphones?

At the heart of this learning resource are two modules or parts containing a number of self-contained ‘learning nuggets’. Part 1 explains the concept of results based finance and gives an overview of the Gold Standard certification process that facilitates this. It also contains two case studies of cities that undertook assessments to see if results based finance was appropriate. Part 2 describes the Gold Standard certification process in detail, focusing on the specific actions that cities must take to ensure their project/programme becomes certified and therefore a good investment proposition.

The course is primarily for city officials, project developers and enterprise representatives, who are interested in securing funding for urban development projects/programmes. However, if you are an investor, a policy maker, an NGO or a student of urban development, then this resource will have something for you.

Both modules are free to access.

At the present time, the course is only available in English.

You can learn more about the content of the course by contacting the following people:

This is an introductory-level learning resource. No prior knowledge is assumed and we’ve tried to keep everything as clear and straightforward as possible. If you are over the age of 16, you should have no problem.

We hope this learning resource will encourage you to design and implement sustainable urban development projects using best practices and identify clear and measurable SDG outcomes. Maybe you’ll have an idea for a new project that has a range of quantifiable outcomes, or perhaps you’ll help others to reconsider what outcomes their projects can deliver. Either way, we hope you’ll become an active part of our learning community and make your contribution felt. Whatever your goal, this course has something for you.

This course was developed by Climate-KIC, the South Pole Group and The Gold Standard as part of the Cities Learning Platform. For more information on the Cities Learning Platform, please contact local@climate-kic.org

Climate-KIC is the EU’s largest public-private partnership addressing climate change through innovation to build a zero-carbon economy. We address climate change across four priority themes: urban transitions, land use, production systems, and decision metrics and finance. Climate-KIC is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union.

The Sustainable Development Assessment Tool is an interactive Excel spreadsheet that helps cities and municipalities assess the extent to which their planned project/programme contributes towards the United Nations’ 17 Sustainable Development Goals. The tool was created to support Gold Standard certification by The Gold Standard itself.

To start this course, all you need is to sign up to be registered on this site and to access the Results Based Finance & The Gold Standard course.

We expect that a minimum 1mbs internet connection is needed to go through the course content. For external resources such as videos, a higher speed might be needed (2mbs and above). The course links to various external resources from different platforms like YouTube and Vimeo. Climate-KIC bears no responsibility if there are country restrictions that block video or other content in your location.

In the Results Based Finance Community, your active contribution is appreciated and encouraged. Start by setting up your profile and allowing others to get a clearer picture of who you are.

You can then engage in open discussions, reply to questions or contribute to a task that has been set up. You can also initiate a new thread yourself.

Use the 'Introduce yourself to the community' forum to introduce yourself to others and find out what people are talking about.

To start a new thread, you simply select Start a new discussion on the Discussions page. Then you choose the category your topic fits into and give your post a title. In the Your messagefield, you can describe what you want to talk about with your fellow learners.

Learning Outcomes:
After completing this course, you'll be able to:
  • Explain what results based finance is and why it is important for sustainable development
  • Explain how results based financial assessments are carried out, including how co-benefits are identified and monetised
  • Give examples of cities that have carried out financial assessments to see if results based finance was appropriate
  • Describe the difference between a sustainable development project and a sustainable development programme
  • Outline the key steps in the Gold Standard certification process, from initial stakeholder consultation and preliminary review of the documentation, to verification, performance review and final certification
  • Explain how the Sustainable Development Assessment Tool can help cities to quantify sustainable development outcomes.

Results Based Finance for CitiesResults Based Finance for Cities

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This learning nugget explains what results based finance is and how it can support urban development. It also outlines what the Gold Standard is and how it can help cities secure funding for urban development projects.

Case StudiesCase Studies

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This learning nugget presents case studies of two cities that have carried out financial assessments to see whether results based finance was appropriate: Nairobi and the City of Cali, Colombia.
APPROX. TIME : 20 MIN

The Gold Standard for Sustainable Urban DevelopmentThe Gold Standard for Sustainable Urban Development

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In this learning nugget, you will learn about the benefits of Gold Standard certification to cities and investors, and discover the steps a project or programme must go through to become certified.
APPROX. TIME : 16 MIN

Stakeholder ConsultationStakeholder Consultation

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In this learning nugget, you will identify the different types of stakeholders and the main steps in the stakeholder consultation process. It also gives examples of effective stakeholder consultation practice.
APPROX. TIME : 16 MIN

Preliminary ReviewPreliminary Review

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Here you will learn about the eligibility requirements for Gold Standard certification, including the adoption of safeguarding principles, the contribution to sustainable development goals and the governance and manageme...More
APPROX. TIME : 16 MIN

Validation and Design CertificationValidation and Design Certification

Not Viewed
This learning nugget focuses on how a project or programme is validated and the purpose and contents of the validation report.
APPROX. TIME : 16 MIN

Annual ReportingAnnual Reporting

Not Viewed
Here you will learn how a project or programme’s progress is monitored and what types of information are reported back to the Gold Standard.
APPROX. TIME : 16 MIN

Verification, Performance Review and CertificationVerification, Performance Review and Certification

Not Viewed
This learning nugget looks at how project or programme performance is reviewed and verified. It also describes the Gold Standard products that confirm that the intended outcomes have been delivered, which indicate full c...More
APPROX. TIME : 16 MIN

Next StepsNext Steps

Not Viewed
Here you will see what you can do once you have completed the course.
APPROX. TIME : 16 MIN
Learning Outcomes:
After completing this course, you'll be able to:
  • Explain what results based finance is and why it is important for sustainable development
  • Explain how results based financial assessments are carried out, including how co-benefits are identified and monetised
  • Give examples of cities that have carried out financial assessments to see if results based finance was appropriate
  • Describe the difference between a sustainable development project and a sustainable development programme
  • Outline the key steps in the Gold Standard certification process, from initial stakeholder consultation and preliminary review of the documentation, to verification, performance review and final certification
  • Explain how the Sustainable Development Assessment Tool can help cities to quantify sustainable development outcomes.

Discussions

No Entries available yet