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 strengthens private sector push in agreement with Proparco
GCF has enhanced its ability to tap financing from the business world with the recent signing of an Accreditation Master Agreement (AMA) with Proparco, the private sector arm of the development agency of France. The AMA sets the legal framework for Proparco to begin proposing and implementing climate finance projects in developing countries as a GCF Accredited Entity. Proparco plays a pivotal role in the Choose Africa initiative, launched earlier this year by French President Emmanuel Macron to encourage EUR 2.5 billion of investment in SMEs in Africa.
Learn about GCF’s REDD+ support during June webinars
GCF will host the first of a series of REDD+ webinars on 19 and 20 June to provide information about the Fund’s support for this financing method which reduces greenhouse gases while also protecting and restoring forests. Intended for both seasoned REDD+ practitioners and those new to REDD+, the sessions will cover all three REDD+ phases - including GCF’s start in February to making Results-Based Payments to countries proven to have halted deforestation. Three separate webinars will be conducted in English, French and Spanish.
Senegal climate resilience receives a boost with funding agreement
GCF has signed an agreement with Senegal's Centre de Suivi Écologique (CSE) to enhance the ability of local populations to deal with increasing soil salinisation caused by climate change. The signing of the Funded Activity Agreement (FAA) allows for this GCF Board-approved USD 8.2 million project to begin implementation. Planned activities by CSE, a Senegalese environmental monitoring centre, include strengthening the country’s ability to mainstream climate change into land management plans.