Web Content Display Web Content Display

In four years:
$5bn in projects.
99 countries.
Imagine what we can do next.

In only four years, GCF has allocated over USD 5 billion of the USD 7 billion received from contributors. As a result, its Board launched the first GCF replenishment in October 2018. In a competitive global landscape, the announcements of Germany and Norway that they will double their national currency contributions have given a head start to the replenishment, sending a strong signal for others to follow.

An ambitious and successful replenishment will enable GCF to fulfil its role in channelling adequate and predictable climate finance to developing countries. GCF’s support over the next programming period will be critical in raising and realising the climate commitments to be articulated by developing countries in their updated NDCs in 2020.

Learn how GCF is delivering results>

 

The unique role of the GCF in climate finance

Building on its success and operational experiences, GCF’s comparative advantage to achieve its mandate under the Paris Agreement lie in the Fund’s ability to unlock initiatives and projects that would otherwise have remained on the drawing board. GCF has also been able to integrate rigorous appraisal of climate considerations into project design. Four key elements illustrate GCF’s unique role:

  •  GCF is the most collaborative and open climate fund
  •  GCF is country driven
  •  GCF is flexible
  •  GCF is willing to take risk

    Impactful projects on the ground

    Since the approval of our first projects in 2015, GCF has delivered climate solutions to where it matters most. From forestry interventions in Ecuador, to emergency warning systems in Malawi, to financing renewable energy in Egypt, GCF's climate actions provide much-needed climate action for countries affected by climate change.

    Browse our projects >

    The Ambition

    The 2018 IPCC report is an urgent call for climate action, estimating that we only have a few years to act before the effects of a warming planet become irreversible. Estimates of the investments required to bring the world closer to the goal of limiting temperature rises to well below 2℃ are in the range of USD 5 trillion. The replenishment of the GCF in 2019 is key to ensuring the availability of public finance required by developing countries to raise and realize their climate ambitions.

    See quotes >
     I want to see governments fulfilling their pledge to mobilize 100 billion dollars a year for climate action in support of the developing world. We need to see the Green Climate Fund become fully operational and fully resourced. 
    Antonio Guterres, UN Secretary General Next quote >
     Replenishing the GCF will allow it to continue playing a critical role in supporting developing countries shift to a low-emission and climate-resilient path. 
    Patricia Espinosa, UNFCCC Executive Secretary Next quote >
     As the largest per capita donor, Sweden is a strong supporter of the GCF as we believe it has a decisive role in the implementation of the Paris Agreement and Agenda 2030. The Fund became operational in record time and has made great progress over the past couple of years. Sweden remains committed to the GCF and will work dedicatedly for an ambitious replenishment. 
    Isabella Lövin, Minister for International Development Cooperation and Climate, and Deputy Prime Minister Next quote >
     The Green Climate Fund is the most important multilateral channel for climate financing and I am pleased to see that the fund is fully operational. Norway is planning to increase its contribution to the Fund. I hope the replenishment process will contribute to closing the gap between needs and resources and making the fund more accessible for the most vulnerable countries. 
    Nikolai Astrup, Minister of International Development Next quote >
     The G7 members that are committed to the swift and effective implementation of the Paris Agreement reconfirm the commitment to implement their part in mobilizing finance for supporting climate action in developing countries, as decided at COP21 in Paris. They will work towards a successful replenishment of the Green Climate Fund 
    G7 Environment Ministers’ Meeting, 5-6 May 2019 Next quote >
     We call upon all countries to reach a balanced outcome under the Paris Agreement Work Programme during COP24 that enables operationalization and implementation of the Paris Agreement. We stress the importance and urgency of conducting a successful and ambitious first replenishment process of the Green Climate Fund. 
    BRICS Leaders’ Meeting on the margins of the G20 Summit, 30 November 2018 (Heads of State and Government of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa) < Go back

    The Process

    The replenishment process will consist of several organizational and consultation meetings with potential contributors, GCF Board members, the UNFCCC and observers. Mr. Johannes F. Linn has been appointed by the GCF Board as a global facilitator who will oversee the replenishment process which will culminate in a pledging conference in Autumn 2019.

    The initial organizational meeting held in Bonn, Germany from 22-23 November 2018 successfully laid out a roadmap for the GCF’s first formal replenishment process.

    The first consultation meeting took place on 4-5 April 2019 in Oslo, Norway. The second consultation meeting was held on 29-30 August 2019 in Ottawa, Canada. The Pledging Conference will be held on 24-25 October 2019 in Paris, France.

    Documents