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Green Climate Fund

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off the cuff

“The GCF has the potential to become the most important multilateral public fund.”

Liane Schalatek, Associate Director, HEINRICH BÖLL FOUNDATION

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On the shelf /
GCF 3-Minute Brief

Executive Director Executive Director

Executive Viewpoint / Héla Cheikhrouhou


Scale is essential for GCF to deliver on its ambitious mandate.

“The Paris Agreement would warrant clarity about the new and additional climate financing that will be made available in the years ahead. The Financial Mechanism of the Climate Convention needs to be predictable and significant enough to contribute to the implementation of a Paris agreement and to the objective of keeping global warming to below two degrees Celsius. Although governments have pledged to mobilize significantly more funding to reach the agreed USD 100 billion in new resources per year by 2020, the current level of USD 1.5 billion per year of commitment capacity of GCF is far from the levels required to deliver on its mandate to support low-emission and climate-resilient development in developing countries and to contribute to climate action.”

What is GCF What is GCF

What is GCF?

Climate change is the defining challenge of our time. The human impact on our planet is unprecedented. Long-term changes in the earth’s climate system are significant. The Green Climate Fund was established with a mission to advance the goal of keeping the temperature increase on our home planet below 2 degrees Celsius. 

The Fund is a unique global initiative to respond to climate change by investing into low-emission and climate-resilient development. GCF was established by 194 governments to limit or reduce greenhouse gas emissions in developing countries, and to help adapt vulnerable societies to the unavoidable impacts of climate change. Given the urgency and seriousness of the challenge, the Fund is mandated to make an ambitious contribution to the united global response to climate change.