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 launches online submission system for SAP projects
Today, GCF launches the Online Submission System (OSS) for Simplified Approval Process (SAP) projects. This innovative solution for submitting SAP concept notes and funding proposals to GCF will improve the efficiency of managing SAP proposals and the transparency of the review process. Beginning 6 May, all GCF Accredited Entities and National Designated Authorities/Focal Points will be able to access the OSS and submit their SAP proposals online. From 15 June 2019, the OSS should be the standard way of submitting SAP proposals, and e-mail submissions only used in exceptional circumstances.
Adaptation: Accelerating action towards a climate resilient future
At Korea Global Adaptation Week in Songdo, GCF launched a new working paper, Adaptation: Accelerating Action Towards a Climate Resilient Future, to contribute to adaptation knowledge from the perspective of climate financing. The working paper provides an overview of adaptation and resilience challenges, as well as the distinction between them. Read the Executive Director's opening remarks at the launch of the paper.
Importance of adaptation planning highlighted at Korea Global Adaptation Week
The Korea Global Adaptation Week (KGAW), which concludes in Songdo today, emphasised the importance of adaptation planning for catalysing climate action and adaptation finance at the scale needed by developing countries. Effective adaptation planning can be done through a combination of approaches. GCF organised 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.