The Green Climate Fund

Last update: March 13, 2024

Details

Funding Agency

UNFCCC

Description

The Green Climate Fund (GCF), established by the UNFCCC in 2010, is the largest global fund dedicated to helping developing countries tackle climate change. With a significant portfolio of USD 13.5 billion, escalating to USD 51.9 billion with co-financing, it supports over 120 countries in their efforts towards low-emission, climate-resilient paths. Its strategy focuses on a balanced investment between mitigation and adaptation efforts, aiming for a 50:50 ratio over time and prioritizing vulnerable communities, including Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States, with at least 50 percent of adaptation funding.

The GCF operates on a country-owned partnership approach, leveraging flexible financing solutions and expert knowledge in climate investments to achieve maximum impact. Initiated with a $10.3 billion pledge in 2014, the Fund aims to catalyze additional national and foreign investments into sustainable development, highlighting the importance of international and local partnerships across private and public...

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