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Introduction
Responding to the climate challenge requires collective action from all countries, cities, businesses, and private citizens. Among these concerted efforts, advanced economies have formally agreed to jointly mobilize USD 100 billion per year by 2020, from a variety of sources, to address the pressing mitigation and adaptation needs of developing countries.
Governments also agreed that a major share of new multilateral, multi-billion dollar funding should be channeled through the Green Climate Fund. At the G7 Summit in June 2015, leaders emphasized GCF's role as a key institution for global climate finance. Many developing countries, too, have explicitly expressed their expectations from the Fund in their Intended Nationally Determined Contributions (INDCs).
GCF’s initial resource mobilization period lasts from 2015 to 2018, and the Fund accepts new pledges on an ongoing basis. Scale is essential for GCF to deliver on its ambitious mandate, and the Fund expects to draw upon resources from new public, private, and philanthropic sources.
Once 60% of contributions have been approved towards projects and programmes, the Fund will rely on a systematic process to replenish these resources. This process will ensure a strong, steady, and dependable stream of finances necessary to deliver on the Fund's ambitious mandate. It will also provide contributors and other relevant stakeholders the opportunity to actively review the Fund’s performance, evaluate its progress, and be involved in the decisions on its strategic direction.
States
States
As of November 2016, the Green Climate Fund has raised USD equivalent in pledges from state governments. The objective is for all pledges to be converted into contribution agreements within one year from the time at which they are made. Click here for the most comprehensive details on pledges and contributions.Contributions by States
Contributions by State
Areas
Areas
As of November 2016, the Green Climate Fund has raised USD equivalent in pledges from regional governments. The objective is for all pledges to be converted into contribution agreements within one year from the time at which they are made. Click here for the most comprehensive details on pledges and contributions.Contributions by Area
Contributions by Area
Cities
Cities
Cities can contribute to the Green Climate Fund. Based on the commitments made under the UN Framework Convention on Climate Change (UNFCCC), the Fund accepts pledges from city authorities that wish to make a significant contribution to the global response to climate change. Similar to sovereign entities, economically strong cities can make a financial contribution to GCF to help advance global mitigation and adaption efforts in less advanced urban environments.
The shift towards greater urbanization is a major trend on the planet. Currently, around half of the human population live in cities. This figure is set to grow rapidly – so much so, that, by 2050, it is anticipated that close to 70% of the world’s population will be living in an urban environment. This demographic trend also has impacts on the planet’s climate. Cities are responsible for more than 70% of the world’s emissions. They consume more than 70% of the world’s natural resources and use some 70% of the world’s energy.
As of November 2016, the Green Climate Fund has raised USD equivalent in pledges from municipal government. The objective is for all pledges to be converted into contribution agreements within one year from the time at which they are made. Click here for the most comprehensive details on pledges and contributions.