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
Importance of adaptation planning highlighted at Korea Global Adaptation Week
Korea Global Adaptation Week (KGAW) which concludes in Songdo today, emphasized the importance of adaptation planning for catalyzing climate action and adaptation finance at the scale needed by developing countries. Effective adaptation planning can be done through a combination of approaches, including communicating climate science to decision makers, engaging with various stakeholders, looking at project pipelines, accessing financing strategies, and monitoring adaptation finance. The Green Climate Fund organized a Regional Technical Expert Meeting on Adaptation (TEM-A) on how to enhance the participation of the private sector in financing adaptation to climate change.
Updated Funding Proposal template now available
The updated Funding Proposal template is now available. The revised template clarifies information requested for baseline, context and theory of change, while also simplifying financing information and investment criteria information required. It has also been restructured and condensed to reduce redundancies. Overall, the update strengthens many portions of the template that will help GCF Accredited Entities prepare high-quality funding proposals. Further guidance on project design and on filling out the template is being developed. GCF will accept both new and old versions of the template to ensure a smooth transition, ending 6 June 2019.
GCF projects under implementation hit the USD 2 billion mark
With Funded Activity Agreements for FP066 and FP058 coming into effect, the Green Climate Fund (GCF) marks another milestone – it now has USD 2 billion worth of projects under implementation. These projects help developing countries take climate action and meet their nationally determined contributions by shifting them to a low-emission and climate-resilient path.