GCF's Governing Instrument enables the Fund to accept contributions from developed countries party to the UN Framework Convention on Climate Change (UNFCCC) as well as public, non-public, and alternative sources. Such sources include, among others, countries not party to the UNFCCC, entities, and foundations. Contributions from parties to the UNFCCC and other sovereign entities may be made in the form of grants, capital or loans. They may be made in any convertible currency – in cash or, by agreement, via promissory note – and there is no limit to the amount a contributor may contribute.
For more on GCF's current policies for contributions or other related information, see the relevant annexes in the decisions below from the 8th meeting of the Board in Bridgetown, Barbados.Annex XIX: Policies for Contributions Annex XX: Loan Contribution Terms Annex XXI: Calculation of Grant Element Annex XXII: Resource Mobilization Approaches Used by Other Multilateral Funds Annex XXIII: Green Climate Fund Prudential Debt Limit Examples
The current mechanism of grant, loan, and capital contributions to the Green Climate Fund exists via contribution agreements or arrangements between GCF, the interim trustee (which holds the funds in trust), and contributors. This type of agreement/arrangement is the most practical and appropriate means to accept contributions, and establishes a commitment by contributors to make a contribution to the Fund. They can also be used to accept contributions from contributors not involved in Initial Resource Mobilization (IRM) discussions or endorsement of an associated formal resolution.
GCF has contribution agreements and arrangements with the states and cities below, which can be downloaded from the charts here.
- Czech Republic
- New Zealand
- Republic of Korea
- United Kingdom
- Brussels Capital Region
- Czech Republic
GCF Resource Mobilization
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