The Green Climate Fund (GCF) started 2026 with another significant reform that will strengthen the mobilization of private sector finance in support of countries’ national climate priorities.

GCF has integrated its Department of Private Sector Facility team into the four Regional Departments that were established in 2024, enhancing the Fund’s ability to deliver at scale via stronger engagement with existing and potential new private sector partners in the regions to deliver coherent investment and coordinated programming at country and regional level.

In addition, private sector specialists have also joined GCF’s Department of Strategic Investment Partnerships and Co-Investments to drive global partnerships that complement the work in the regions.

The move – on the back of last year’s record $3.26 billion of project approvals – reaffirms private sector mobilization as a cornerstone of GCF’s vision for scaling up climate finance and delivering as the world’s climate fund of choice for developing countries. 

Since 2013, GCF has been headquartered in Songdo, Republic of Korea. The Fund established its integrated regional operational model with the appointment of 4 Regional Directors and the formation of 4 regional teams in September 2024.

This was followed by a GCF Board decision in 2025 to establish a regional presence. GCF's selection of host countries and cities is underway following a call for proposals.