GCF: Financing climate action

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GCF: Financing climate action

There is a shrinking window of opportunity to address the climate crisis. Average global temperature is currently estimated to be 1.1°C above pre-industrial times. Based on existing trends, the world could cross the 1.5°C threshold within the next two decades and 2°C threshold early during the second half of the century. Limiting global warming to 1.5°C is still narrowly possible and will be determined by the investment decisions we make over the next decade.

The Green Climate Fund (GCF) – a critical element of the historic Paris Agreement – is the world’s largest climate fund, mandated to support developing countries raise and realise their Nationally Determined Contributions (NDCs) ambitions towards low emissions, climate-resilient pathways.

Cover date 01 April 2021
Document type Publication