In order to achieve maximum results, GCF seeks to catalyse funds, multiplying the effect of its initial financing by opening markets to new investments. The Fund creates new models for climate finance, channeling investment from both the public and private sectors. It aims to maximize the impact of public finance in a creative way, and to attract new sources of private finance to catalyse investment in mitigation and adaptation projects in the developing world.
The Fund has identified 8 impact areas which will deliver major mitigation and adaptation benefits (see Decision B.07/04):
Shifting to low-emission sustainable development pathways through:
1 Low-emission energy access and power generation
2 Low-emission transport
3 Energy efficient buildings, cities and industries
4 Sustainable land use and forest management
Increasing climate-resilient sustainable development for:
5 Enhanced livelihoods of the most vulnerable people, communities, and regions
6 Increased health and well-being, and food and water security
7 Resilient infrastructure and built environment to climate change threats
8 Resilient ecosystems
GCF has established six criteria in its Investment Framework to guide its investment decisions:
- impact potential
- paradigm shift potential
- sustainable development potential
- needs of the recipient
- country ownership
- efficiency and effectiveness
The full investment framework includes activity-specific sub-criteria and indicative assessment factors.
Access to GCF resources to undertake climate change projects and programmes is possible for accredited entities that can submit funding proposals to the Fund at any time.
An AE or an executing entity (i.e. project or programme sponsor) may submit a concept note for feedback and recommendations from the Fund, in consultation with the National Designated Authority or Focal Point. The recommendation will clarify whether the concept is endorsed, not endorsed with a possibility of resubmission, or rejected.
For details about how Accredited Entities or Executing Entities can submit funding proposals, please refer to FINE PRINT in this section, or liaise directly with a GCF funding specialist.
GCF Mitigation & Adaptation
+82.32.458.6050 (Korea Standard Time)
GCF Private Sector Facility
+82.32.458.6061 (Korea Standard Time)