Green Climate Fund

The Green Climate Fund is a shared global fund for projects that advance the mitigation of climate change and needed adaptation measures. Its mandate is to mobilize $100 billion per year in climate-targeted finance by 2020.

The GCF mission is to expand collective human action to respond to climate change.
The Fund aims to mobilize funding at scale to invest in low-emission and climate-resilient development on our home planet.

Created by the United Nations Framework Convention on Climate Change (UNFCCC), the Fund aims to support a paradigm shift in the global response to climate change. It allocates its resources to low-emission and climate-resilient projects and programmes in developing countries. The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.

  • Initial resource mobilization more than USD 10 billion and is ongoing.
  • Commitment to aim for 50:50 balance between mitigation and adaptation investments over time.
  • At least 50% of adaptation funding goes to the most vulnerable countries, including LDCs, SIDS, and African States.
  • Direct private sector engagement in transformational climate-sensitive investments through the Private Sector Facility (PSF).
  • Risk-bearing capacity, allowing the Fund to support innovation and leverage and crowd in additional financing.
  • Variety of financial instruments available, including grants, concessional loans, subordinated debt, equity, and guarantees, giving flexibility to match project needs.
  • Balanced governance structure that ensures consensus-based decisions between 12 developed and 12 developing countries.

The Green Climate Fund was established by 194 countries party to the UN Framework Convention on Climate Change in 2010. It is designed as an operating entity of the Convention’s financial mechanism and is headquartered in the Republic of Korea. It is governed by a 24 Board member Board, representing countries, and receives guidance from the Conference of the Parties to the Convention (COP).

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