GCF: Catalysing finance for climate solutions

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GCF: Catalysing finance for climate solutions

The window to address the climate crisis is rapidly shrinking. Floods, droughts, heatwaves, extreme storms, and wildfires are breaking records with alarming frequency around the world. Failure to limit global warming to the Paris Agreement targets will result in even more devastating consequences for people and planet, with vulnerable populations suffering the most. Ambitious action is urgently needed both to reduce emissions and to adapt to the changing climate in developing countries. 

A unique fund for humanity’s greatest challenge

Established by the United Nations Framework Convention on Climate Change (UNFCCC) and serving the Paris Agreement, the Green Climate Fund (GCF) is the world’s largest climate fund.

GCF is a climate finance catalyser. It uses its funds to accelerate green market creation, unlocking the financial flows needed for developing countries to transition to low-emission, climate-resilient development pathways. GCF is mandated to equally support adaptation and mitigation projects through a country-driven approach that prioritises direct access and targets the most vulnerable developing countries. 

Cover date 04 April 2023
Document type Publication