The Green Climate Fund (GCF) and the Adaptation Fund (AF) collaborate to support climate action in developing countries and to promote complementarity and coherence in climate finance. As part of this collaboration, a number of AF-funded adaptation projects have been scaled up through GCF financing.
This Operational Guidance builds on that experience by setting out a step-by-step process for scaling up completed or advanced-stage AF-funded projects through GCF financing. The guidance also helps Direct Access Entities and first-time Accredited Entities participate by drawing on the knowledge and evidence produced by AF projects.
The guidance works alongside existing AF and GCF policies and procedures and does not replace them.