Resource mobilisation
Overview
Following a rapid institutional start-up phase, the GCF’s Initial Resource Mobilisation (IRM) in 2014 quickly raised USD 10.3 billion in pledges. Of this, USD 9.3 billion was confirmed.
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At its 21st meeting in October 2018, the GCF Board launched the process for the Fund's first replenishment (GCF-1).
Contributions
As of 31 July 2020, the Green Climate Fund has raised USD 10.3 billion equivalent in pledges from 49 countries/regions/cities. These include 9 representing developing countries (Chile, Colombia, Indonesia, Mexico, Mongolia, Panama, Peru, Republic of Korea, and Viet Nam).
| Contributor | Announced | Confirmed | Announced per capita |
Emissions per capita |
|---|---|---|---|---|
| Australia | $187 M | $187 M | $7.92 | 17 |
| Austria 1 | $34.8 M | $34.8 M | $4.09 | 8 |
| Belgium | $66.9 M | $66.9 M | $6.22 | 9 |
| Bulgaria | $0.13 M | $0.13 M | $0.02 | 7 |
| Canada | $277 M | $277 M | $7.79 | 14 |
| Chile | $0.30 M | $0.30 M | $0.02 | 5 |
| Colombia 2 | $6.00 M | $0.80 M | $0.12 | 2 |
| Cyprus | $0.47 M | $0.47 M | $0.40 | 7 |
| Czechia | $5.32 M | $5.32 M | $0.50 | 10 |
| Denmark | $71.8 M | $71.8 M | $12.82 | 7 |
| Estonia | $1.34 M | $1.34 M | $1.00 | 14 |
| Finland | $107 M | $107 M | $19.80 | 10 |
| France | $1,035 M | $1,035 M | $16.03 | 5 |
| Germany | $1,003 M | $1,003 M | $12.13 | 9 |
| Hungary | $4.28 M | $4.28 M | $0.40 | 5 |
| Iceland | $1.00 M | $1.00 M | $3.36 | 6 |
| Indonesia 3 | $0.25 M | $0.25 M | < $0.01 | 2 |
| Ireland | $10.7 M | $10.7 M | $1.73 | 8 |
| Italy | $334 M | $334 M | $5.47 | 7 |
| Japan | $1,500 M | $1,500 M | $11.81 | 9 |
| Latvia | $0.47 M | $0.47 M | $0.23 | 4 |
| Liechtenstein | < $0.1 M | < $0.1 M | $1.50 | 1 |
| Lithuania | $0.13 M | $0.13 M | $0.04 | 5 |
| Luxembourg | $46.8 M | $46.8 M | $86.17 | 21 |
| Malta | $0.59 M | $0.59 M | $0.25 | 6 |
| Mexico | $10.0 M | $10.0 M | $0.08 | 4 |
| Monaco | $2.34 M | $2.34 M | $62.72 | – |
| Mongolia 4 | < $0.1 M | < $0.1 M | $0.02 | 7 |
| Netherlands | $134 M | $134 M | $7.94 | 10 |
| New Zealand | $2.56 M | $2.56 M | $0.57 | 7 |
| Norway | $272 M | $272 M | $50.56 | 9 |
| Panama | $1.00 M | $1.00 M | $0.25 | 3 |
| Peru | $6.00 M | – | $0.19 | 2 |
| Poland | $0.11 M | $0.11 M | < $0.01 | 8 |
| Portugal | $2.68 M | $2.68 M | $0.30 | 5 |
| Republic of Korea 3 | $100 M | $100 M | $2.02 | 12 |
| Romania | < $0.1 M | < $0.1 M | < $0.01 | 4 |
| Russian Federation | $3.00 M | $3.00 M | $0.02 | 12 |
| Slovakia | $2.00 M | $2.00 M | $0.37 | 6 |
| Spain 5 | $161 M | $161 M | $3.40 | 6 |
| Sweden | $581 M | $581 M | $60.54 | 6 |
| Switzerland | $100 M | $100 M | $12.20 | 5 |
| United Kingdom 6 | $1,211 M | $1,211 M | $19.07 | 7 |
| United States of America | $3,000 M | $2,000 M | $9.0 | 14.7 |
| Viet Nam | $1.00 M | $1.00 M | $0.01 | 2 |
|
1 The original pledge from Austria was announced in USD 25 million but signed in EUR 26 million. The amount shown as signed is calculated in accordance with the reference exchange rates for United States dollars equivalent (USD eq.) established for the Pledging Conference in 2014 (GCF/BM-2015/Inf.01/Rev.01). 2 The Contribution Agreement was signed in USD equivalent to the pledged amount of COP 900 million. 3 Signed amount includes contributions made prior to GCF's High-Level Pledging Conference in 2014. 4 The Contribution Agreement was signed in USD equivalent to the pledged amount of MNT 90 million. 5 The total amount pledged is EUR 120 million, but EUR 78 million will be paid after the Initial Resource Mobilization period (2015-2018). 6 Out of the United Kingdom's announced pledge of GBP 720 million, GBP 144 million is signed as a grant and GBP 576 million is signed as a capital contribution, as defined in its agreement. |
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| Note: United States dollars equivalent (USD eq.) based on the reference exchange rates established for the Pledging Conference in 2014 (GCF/BM-2015/Inf.01/Rev.01). Announced per capita and emission per capita figures are based on the latest available population and emissions data from the World Bank and other sources. | ||||
Regional Governments
As of 31 July 2020, the Green Climate Fund has raised USD 35.4 million equivalent in pledges from 3 regional governments.
| Contributor | Announced | Confirmed | Announced Per capita |
Emissions Per capita |
|---|---|---|---|---|
| Brussels Capital Region (Belgium) | $4.82 M | $4.82 M | $1.30 | 9 |
| Flanders (Belgium) | $19.7 M | $19.7 M | $0.70 | 9 |
| Wallonia (Belgium) | $10.9 M | $10.9 M | $3.00 | 9 |
| Note: United States dollars equivalent (USD eq.) based on the reference exchange rates established for the Pledging Conference in 2014 (GCF/BM-2015/Inf.01/Rev.01). Announced per capita and emission per capita figures are based on the latest available population and emissions data from the World Bank and other sources. | ||||
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 urbanisation 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 31 July 2020, the Green Climate Fund has raised USD 1.3 million equivalent in pledges from 1 municipal government.
| Contributor | Announced | Confirmed | Announced per capita |
Emissions per capita |
|---|---|---|---|---|
| Paris (France) | $1.34 M | $1.34 M | $0.10 | 5 |
| Note: United States dollars equivalent (USD eq.) based on the reference exchange rates established for the Pledging Conference in 2014 (GCF/BM-2015/Inf.01/Rev.01). Announced per capita and emission per capita figures are based on the latest available population and emissions data from the World Bank and other sources. | ||||