The Fund is a unique global platform to respond to climate change by investing in low-emission and climate-resilient development. GCF was established to limit or reduce greenhouse gas (GHG) emissions in developing countries, and to help vulnerable societies adapt to the unavoidable impacts of climate change. Given the urgency and seriousness of this challenge, the Fund is mandated to make an ambitious contribution to the united global response to climate change.The climate challenge >
GCF at a Glance
GCF supports strong investor action to combat climate change
At the Investor Agenda roundtable held yesterday on the sidelines of the Global Climate Action Summit in San Francisco, GCF joined investors and other representatives from the private sector to demonstrate and accelerate investor-led action critical to achieving the goals of the Paris Agreement. The Investor Agenda provides a way for investors to directly report actions they are taking, and scale-up their commitment to act, across four key focus areas: Investment, Corporate Engagement, Investor Disclosure, and Policy Advocacy.
UN Secretary-General Antonio Guterres calls for climate finance mobilisation, resourcing of GCF
In a recent speech at the UN Headquarters in New York, UN Secretary-General Antonio Guterres outlined his thoughts on needed action in the next three years to effectively address climate change. Among them — leadership, a sense of urgency, a true commitment to a decisive multilateral response. He expressed the need for governments to fulfill their pledge to mobilise USD 100 billion a year for climate finance and his ardent desire to ensure that the Green Climate Fund is fully operationalised and properly resourced. Read his full remarks.
GCF previews SAP online submission system
Three webinars were recently concluded by GCF in cooperation with UNITAR. The webinars previewed a new online submission system to around 100 participants, consisting of National Designated Authorities (NDAs) and Accredited Entities (AEs). This new system, slated to be launched this year, aims to further improve the efficiency and transparency of submitting concept notes and funding proposals to GCF. A recording of the webinars will be posted on the SAP section of the GCF website.
With clear climate and social cases for preserving forests, it is not surprising that GCF is a strong supporter of climate action that keeps trees in the ground and encourages new forest cover which match social conditions.