GCF relies on its expanding network of partners to deliver results across the spectrum of climate action to promote low-carbon and climate-resilient paths. These partners span multilateral and national banks, international financial institutions, development finance institutions, UN agencies, conservation organisations, equity funds, government agencies, regional institutions and more. These diverse partnerships enable GCF to build on knowledge and experiences to drive systemic change that achieves climate ambitions.
GCF works through a partnerships approach, which positions us uniquely to serve as a bridge for developing countries in navigating a complex climate financing landscape. Within this partnership network, GCF plays a catalytic role that is complementary to other sources of climate finance: unlocking projects that would not have happened without GCF financing or which would not have otherwise internalized rigorous climate considerations. In this way, the Fund complements multilateral development banks, development finance institutions and other partners to crowd in investment into low-emission, climate-resilient development, while also taking a leading role in driving a greater share of climate finance into adaptation. Through its partnerships approach, GCF acts not just as a catalyst of finance, but also of strengthened decision-making and institution building, promoting the uptake of class-leading environmental, social and gender standards.
Countries and NDAs
GCF recognises the need to ensure that developing country partners exercise ownership of climate change funding and integrate it into their own national action plans. Developing countries appoint a National Designated Authority (NDA) that acts as the interface between their government and GCF and must approve all GCF project activities within the country. This country-driven approach ensures that GCF operates in harmony with the country’s NDCs.
GCF draws upon the wide reach of its Accredited Entities across the globe to translate innovative climate action ideas into projects on the ground. International Accredited Entities include multilateral development banks that have already established strong records in promoting the growth of developing countries. Direct Access Accredited Entities include sub-national, national or regional organisations with strong grassroot links to local innovation. GCF’s Accredited Entities, include a broad range of representation from the public, private, and non-profit sectors – highlighting that the breadth of expertise and capacities are key to driving climate action. The commonality among these organisations is their ability to develop climate finance proposals along with the capacities to implement them.