The Green Climate Fund embodies a new and equitable form of global governance to respond to the global challenge of climate change. At the Fund’s heart is a balanced governance structure that ensures consensus-based decisions between developed and developing countries.
The GCF Board is charged with the governance and oversight of the Fund’s management. It was established by 194 sovereign governments party to the UN Framework Convention on Climate Change (UNFCCC). The Board is independent and guided by the Conference of the Parties (COP) to the Convention.
The Board normally meets three times per year.
The Fund has established a fundamental set of guidelines in connection to the Board’s Co-Chairs and members, as well as their alternates and advisers, in its Governing Instrument and Rules of Procedure of the Board.
Every Board member is required to have the necessary experience and skills in climate change and development finance and meet the highest standards of integrity. As a precondition for appointment, each must make a formal “Declaration of Impartiality and Confidentiality” that binds the member to the Fund’s Policy on Ethics and Conflicts of Interest for the Board and holds him or her accountable to an Ethics and Audit Committee. Members are further required to release to this committee a list of their relevant functions and roles outside their membership, and disclose any gifts or services accepted in their capacity as members, in the interest of a proper, transparent, and independent governance of the Fund.
GCF Office of Governance Affairs
+82.32.458.6038 (Korea Standard Time)