In four years:
$4.6bn in projects.
Imagine what we can do next.
In October 2018, the GCF Board decided to launch its first replenishment. This followed pledges for the 2015-2018 period of $10.2 billion, of which nearly $7 billion has been received to date. The replenishment is an expression of global solidarity and partnership with countries and communities most affected by climate change. This is a unique opportunity to accelerate and scale up global action to match the ambition and urgency needed to meet the climate challenge. The replenishment will include a series of consultation meetings, concluding with a pledging conference at the end of 2019.
Building on its success and operational experiences, GCF is poised to drive breakthroughs and transformations enabling the global community to meet their climate commitments. An ambitious and successful replenishment is key to our shared commitment to win the race on climate change.
A successful start, an ambitious future
The Green Climate Fund is making an impact in support of the global fight against climate change:
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 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. With USD 4.6 billion committed to projects and more than USD 17 billion in the pipeline, there is a real demand for climate finance. GCF is well positioned to deliver these critical interventions, but can only do so with the proper resources.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 >
We stress the importance and urgency of conducting a successful and ambitious first replenishment process of the Green Climate FundBRICS statement, 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 replenishment process will consist of several organizational and consultation meetings with potential contributors, GCF Board members, the UNFCCC and observers. A global facilitator will be chosen to 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 is scheduled to take place on 4-5 April 2019, with a second consultation meeting to take place in August, and the pledging conference provisionally planned for October 2019.
|Arrangements for the first formal replenishment of the Green Climate Fund||4 October 2018|
|GCF In Brief: The Replenishment Process||November 2018|