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

GCF at a glance

No. of Projects

 

Anticipated tonnes of CO2 equivalent avoided

 

Anticipated number of people with increased resilience

 

Total GCF financing committed (USD)

 

Projects under implementation (USD)

Latest updates

Press release

27 Jul 2021

GCF and Korea Development Bank help climate innovators traverse “valley of death”

Press release

26 Jul 2021

Supporting developing countries on the road to a climate-resilient recovery from the COVID-19 pandemic

Press release

02 Jul 2021

Green Climate Fund Board approves USD 500 million for new climate action, strengthens its Results Management Framework

Recent activities

First Hydromet Gap Report calls for scaled-up action

08 Jul 2021 / The first Hydromet Gap Report, launched in July 2021, tells us how far we have to go to tap the benefits of effective weather and climate services. It presents the challenges of the complex global and local undertaking required and proposes priority actions to scale up support to developing countries to strengthen their capacity.  The report is presented by leaders of the Alliance for Hydromet Development, which includes GCF as well as WMO and other international development, humanitarian and financial institutions. ‘Better weather forecasts and early warning systems would save millions of lives’, stated GCF Executive Director Yannick Glemarec. ‘Better climate analytics can also dramatically reduce climate physical and transition risks for businesses and preserve livelihoods.’ The Hydromet Gap report is available here.

Partner agreement after Board project approval to benefit Rwandan farmers

06 Jul 2021 / GCF has signed an agreement with the International Union for Conservation of Nature (IUCN) to implement a project enhancing the climate resilience of Rwandan farmers only a day after the project’s approval. The GCF Board gave the green light to the Transforming Eastern Province through Adaptation project at its 29th meeting, which concluded on 1 July. The USD 49.6million initiative - which strengthens adaptation and reduces emissions through improved land management - focuses on Rwanda’s Eastern Province, comprising the country’s largest farming area.

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