GCF-2 | Green Climate Fund

Resource mobilisation

Contributors Explorer

GCF's second replenishment

Amount announced $ 10.6 billion
Amount confirmed $ 10 billion

The Green Climate Fund (GCF) – a critical element of the historic Paris Agreement – is the world’s largest climate fund mandated to support low emission, climate-resilient development pathways. As an operating entity of the financial mechanism of the UNFCCC, GCF has become a vital part of the global climate finance architecture – mobilising USD 10 billion during its first replenishment and investing in transformational climate projects worth over USD 40 billion (including co-financing) in more than 100 countries.

The COVID-19 pandemic has brought the world to a tipping point or a turning point in the fight against climate change. Now more than ever, to avert climate breakdown, developed and developing countries must act and raise climate action and ambitions. GCF’s second replenishment (GCF-2) is critical to operationalising the global collective goal of ambitious and accessible climate finance. GCF-2 will further strengthen GCF’s ability urgently respond to the climate crisis and empower climate action in developing countries during this Decade of Action, specifically for the 2024 – 2027 period.

Process

The 33rd meeting of the GCF Board in July 2022 officially launched the GCF-2 replenishment cycle. The replenishment process consisted of a series of organisational and consultation sessions with two consultation meetings on 1-2 December 2022 and 27-28 April 2023, culminating in a High-level Pledging Conference in Bonn, Germany 2023. The Board appointed Dr. Mahmoud Mohieldin as the facilitator to guide replenishment process towards a successful outcome.

Documents consulted during the process

Initial Organizational Meeting (virtual / 30-31 August 2022)
- Summary of Board decisions necessary to guide decisions relevant to the second replenishment of the Green Climate Fund
- Co-Chairs' summary of the Initial Organizational Meeting
First Consultation Meeting (virtual / 1-2 December 2022)
- Chairs’ summary of the first consultation meeting
Second Consultation Meeting (virtual / 27-28 April 2023)
Pledging conference (Bonn, Germany / 5 October 2023)
- GCF Second Replenishment (GCF-2): Report on the outcomes of GCF-2)
- B.37/19: Consideration and endorsement of the outcomes of the second formal replenishment of GCF

Contributions

As of March 2025, 34 countries pledged and 1 region support to the Green Climate Fund with a total of USD 10.6 billion over the next four years. The funding pledges received enables the GCF to channel new, additional and predictable financial resources to developing countries to support the paradigm shift towards low-emission and climate resilient development pathways – mitigating 1.5 to 2.4 gigatonnes of carbon dioxide equivalent – and enhancing the resilience of up to 900 million people.

Contributions by state

Australia

Announced:

$33.8 M

Credits:

$0.2 M

Confirmed:

$33.8 M

Announced per capita:

$1.27

Emissions per capita:

14.8
Austria

Announced:

$172.9 M

Credits:

$7.2 M

Confirmed:

$172.9 M

Announced per capita:

$18.84

Emissions per capita:

7.3
Belgium

Announced:

$162.1 M

Credits:

$5.9 M

Confirmed:

$162.1 M

Announced per capita:

$13.64

Emissions per capita:

7.4
Bulgaria

Announced:

$0.1 M

Credits:

$0.01 M

Confirmed:

$0.1 M

Announced per capita:

$0.02

Emissions per capita:

4.9
Canada

Announced:

$333.7 M

Credits:

$6.0 M

Confirmed:

$293.5 M

Announced per capita:

$8.32

Emissions per capita:

13.6
Cyprus

Announced:

$0.4 M

Credits:

$0.02 M

Confirmed:

$0.4 M

Announced per capita:

$0.30

Emissions per capita:

5.3
Czechia

Announced:

$4.0 M

Credits:

$0.1 M

Confirmed:

$4.0 M

Announced per capita:

$0.37

Emissions per capita:

8.3
Denmark

Announced:

$232.2 M

Credits:

$7.0 M

Confirmed:

$232.2 M

Announced per capita:

$39.05

Emissions per capita:

4.7
Estonia

Announced:

$1.1 M

Credits:

$0.06 M

Confirmed:

-

Announced per capita:

$0.79

Emissions per capita:

5.3
Finland

Announced:

$64.8 M

Credits:

$1.9 M

Confirmed:

$64.8 M

Announced per capita:

$11.55

Emissions per capita:

6.6
France

Announced:

$1,739.6 M

Credits:

$42.2 M

Confirmed:

$1,291.2 M

Announced per capita:

$25.40

Emissions per capita:

4.0
Germany

Announced:

$2,160.9 M

Credits:

-

Confirmed:

$2,160.9 M

Announced per capita:

$25.46

Emissions per capita:

7.9
Hungary

Announced:

$0.3 M

Credits:

$0.02 M

Confirmed:

$0.3 M

Announced per capita:

$0.03

Emissions per capita:

4.6
Iceland

Announced:

$3.6 M

Credits:

$0.1 M

Confirmed:

$3.6 M

Announced per capita:

$9.15

Emissions per capita:

3.9
Ireland

Announced:

$43.2 M

Credits:

$1.6 M

Confirmed:

$43.2 M

Announced per capita:

$8.17

Emissions per capita:

6.8
Israel

Announced:

$0.1 M

Credits:

< $0.01 M

Confirmed:

$0.1 M

Announced per capita:

$0.01

Emissions per capita:

6.3
Italy

Announced:

$324.1 M

Credits:

-

Confirmed:

$324.1 M

Announced per capita:

$5.49

Emissions per capita:

4.7
Japan

Announced:

$1,224.2 M

Credits:

$22.7 M

Confirmed:

$1,224.2 M

Announced per capita:

$9.83

Emissions per capita:

8.0
Liechtenstein

Announced:

$0.4 M

Credits:

$0.02 M

Confirmed:

$0.4 M

Announced per capita:

$11.10

Emissions per capita:

3.7
Luxembourg

Announced:

$54.0 M

Credits:

$1.9 M

Confirmed:

$54.0 M

Announced per capita:

$80.41

Emissions per capita:

12.5
Malta

Announced:

$0.9 M

Credits:

$0.04 M

Confirmed:

$0.9 M

Announced per capita:

$1.56

Emissions per capita:

3.1
Monaco

Announced:

$3.9 M

Credits:

$0.1 M

Confirmed:

$3.9 M

Announced per capita:

$108.13

Emissions per capita:

-
Mongolia

Announced:

$0.1 M

Credits:

< $0.01 M

Confirmed:

$0.1 M

Announced per capita:

$0.03

Emissions per capita:

6.4
Netherlands

Announced:

$151.3 M

Credits:

$6.0 M

Confirmed:

$151.3 M

Announced per capita:

$8.42

Emissions per capita:

7.5
New Zealand

Announced:

$15.0 M

Credits:

$0.9 M

Confirmed:

$15.0 M

Announced per capita:

$2.87

Emissions per capita:

6.2
Norway ^{Footnote 1}

Announced:

$305.6 M

Credits:

$11.0 M

Confirmed:

$305.6 M

Announced per capita:

$55.37

Emissions per capita:

6.7
Portugal

Announced:

$4.3 M

Credits:

$0.2 M

Confirmed:

$4.3 M

Announced per capita:

$0.41

Emissions per capita:

3.8
Republic of Korea

Announced:

$300.0 M

Credits:

$1.8 M

Confirmed:

$300.0 M

Announced per capita:

$5.80

Emissions per capita:

11.0
Slovakia

Announced:

$2.4 M

Credits:

$0.1 M

Confirmed:

$2.4 M

Announced per capita:

$0.44

Emissions per capita:

5.3
Slovenia

Announced:

$1.6 M

Credits:

$0.1 M

Confirmed:

$1.6 M

Announced per capita:

$0.76

Emissions per capita:

5.9
Spain

Announced:

$243.1 M

Credits:

$12.2 M

Confirmed:

$243.1 M

Announced per capita:

$5.00

Emissions per capita:

4.3
Sweden

Announced:

$763.1 M

Credits:

$10.0 M

Confirmed:

$763.1 M

Announced per capita:

$72.45

Emissions per capita:

3.6
Switzerland

Announced:

$150.0 M

Credits:

$5.5 M

Confirmed:

$150.0 M

Announced per capita:

$16.95

Emissions per capita:

4.0
United Kingdom

Announced:

$2,000.0 M

Credits:

-

Confirmed:

$2,000.0 M

Announced per capita:

$29.31

Emissions per capita:

4.6

1
Subject to parliamentary approval.

- United States dollars equivalent (USD eq.) based on the reference exchange rates established for the Second Replenishment.
- As per the Updated Policy for Contribution approved at B.36 (decision B.36/14, annex IV, para. 27), a notional credit has been applied to the pledges made by Contributors who have indicated to make payments in advance of the standard schedule.
- 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.

Contributions by regional government

Wallonia (Belgium)

Announced:

$0.43 M

Credits:

$0.03 M

Confirmed:

$0.43 M

Announced per capita:

$0.12

Emissions per capita:

10.1