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

01 Mar 2021

Barbados, Belize PMs hail ‘essential’ GCF role in Caribbean

Press release

04 Mar 2021

GCF publishes the tentative funding proposal schedule for B.29

Press release

23 Feb 2021

GCF signs public-private partnership agreements to launch Global Subnational Climate Fund

Recent activities

GCF and the Trade and Development Bank of Mongolia celebrate signing an Accreditation Master Agreement

04 Feb 2021 / The Trade and Development Bank of Mongolia (TDB Mongolia) organised a virtual ceremony to mark its signing of an Accreditation Masters Agreement (AMA) with the Green Climate Fund (GCF). During the event, GCF’s Director of Division of Country Programming, Pa Ousman Jarju, and TDB’s Orkhon Onon welcomed the partnership and acknowledged the collaborative work that led to this milestone. The AMA marks an important step towards strengthening Mongolia’s capacity to implement transformational climate investments that support national climate ambitions. The agreement sets the course for future collaboration between GCF and TDB on transformative country-driven mitigation and adaptation projects.

Testing phase launched for GCF’s Portfolio Performance Management System – a step forward in digitalising GCF

20 Jan 2021 / The Green Climate Fund's (GCF) Office of Portfolio Management launched the User Acceptance Test for its Portfolio Performance Management System (PPMS). A handful of Accredited Entities (AEs) from multiple regions are taking part in this testing phase, with an expectation that the PPMS will launch in February 2021. The PPMS is a centralised portfolio management system, which aims to increase the efficiency of monitoring and managing performance and risks in GCF projects. The digitalisation of programmatic systems will help GCF and AEs collaborate and report on climate results.

GCF Programming webinar for Asia advances interactive knowledge sharing despite COVID-19 limitations

04 Dec 2020 / As part of the Green Climate Fund’s (GCF) efforts to bolster countries' institutional capacities and sustain climate action projects in the era of COVID-19, GCF recently organised a Technical Programming Webinar for National Designated Authorities and Direct Access Entities from Asia. The interactive webinar featured plenary presentations, breakout sessions, peer to peer knowledge sharing and polling, and covered a range of topics including the latest programming updates such as the PPF guidelines, Multi-Year Strategic Readiness, and Climate Resilient Readiness. Representatives from the Government of Afghanistan and Infrastructure Development Company Limited (IDCOL) also had the opportunity to share their experiences about GCF's programming. Watch the webinar here.

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