The Green Climate Fund (GCF) Board is set to convene today its first meeting of the year.
The four-day meeting will consider funding proposals that, if approved, will increase GCF’s investment in developing country climate action beyond its current portfolio of USD 10 billion.
The meeting also aims to maintain GCF’s balanced financial support for measures that reduce emissions and enhance climate resilience.
Other orders of business will include reporting of activities by the Secretariat and independent units, as well as by the Board Co-Chairs, and Board committees, panels and groups; guidance from COP26 ; status of GCF resources, pipeline and portfolio performance; and evaluations by the Independent Evaluation Unit, among the numerous agenda items.
The continuing spread of COVID-19 means this 31st gathering of the GCF Board will follow the virtual format of recent meetings.
The 24 GCF Board members (and their alternates), who oversee GCF operations, are drawn equally from developed and developing countries.