Executive Viewpoint / Héla Cheikhrouhou
Climate Finance is a Major Enabler of Climate Action
“The eleventh meeting of the GCF Board in Zambia in November was a momentous occasion for the Fund. The approval of the first round of project investments marked the final stage in our transition to a fully operational Fund. Having moved from initial resource mobilization to full funding decisions in under a year, GCF will be in a position to report to the Parties gathered at the Paris COP 21 climate talks and respond to the information requests by a wide range of stakeholders. Foremost, the approval of the first eight investments sent a clear message to the participants of the Paris conference that the Fund is ready to play its role. Most countries around the world have submitted their plans for mitigation and adaptation – the Intended Nationally Determined Contributions (INDCs). As a body solely dedicated to supporting the UNFCCC’s goal of keeping global temperature rise below 2°C, the Fund can support developing countries in realizing the ambition of their INDCs. We will be in Paris to explain our work to all Parties.”
|Decision||Decision of the Board on the Accreditation of Observer Organizations||B.BM-2015/09|
|Decision||Decision of the Board on the Dates of the Eleventh Meeting of the Board||B.BM-2015/08|
|Action Item||Green Climate Fund Logo - Recommendation of the Logo Selection Panel||B.BM-2014/04|
|Submission||Compilation of submissions for the strategic plan for the Green Climate Fund - Addendum||GCF/16-12-2015/Add.01|
|Notification||Invitation to Observer Organizations||GCF/notif/2015/07|
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.