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GCF results-based payments: Stepping stone to unlock private finance at scale
... the lion’s share of carbon market growth. At COP26 in Glasgow, the UNFCCC further developed key elements of Article 6 of the ... part of the proceeds of the GCF RBP into deforestation-free agreement frameworks, including with operators of the ...
Article > Insights 
GCF portfolio reaches USD 11.3 billion with new climate projects approved by the GCF Board
... and the independent units were approved, as well as the appointment of Andreas Reumann as the new head of the ... 82.5 million as GGC scales up) with MUFG Bank (FP197); USD 26.9 million for CATALI.5°T Initiative: Concerted Action to ... with GIZ (FP198); The following project was approved under GCF’s Simplified Approval Process (SAP): USD 9.8 ...
Article > Press release 
GCF leaves COP30 ready to ramp up climate finance
... adaptation finance by 2035 and the confirmation of the broader goal to mobilise USD 1.3 trillion in climate finance per ... on a record year in which the Fund programmed USD 3.26 billion in new climate finance. GCF’s portfolio now ... United Nations Framework Convention on Climate Change (UNFCCC). Its reforms have revamped the accreditation process, ...
Article > News update 
Strategic Frameworks support for Guyana through GGGI
... energy. In line with this, the proposed project will undertake policy and institutional assessment and provide ... national accredited entities and private sector stakeholders from the energy sector. Other beneficiaries include target audience for the awareness raising materials for NDA ...
Document > Approved readiness proposal Guyana
Twenty-third meeting of the GCF Board (B.23)
... and conflicts of interest for active observers Updated Gender Policy and Action Plan Updated accreditation framework ... Status of GCF resources and portfolio performance Consideration of funding proposals Consideration of accreditation proposals Risk management ...
Event > Board meeting Republic of Korea (the) 
Eighteenth meeting of the GCF Board (B.18)
... proposal Status of accreditation master agreements ) Consideration of accreditation proposals Risk management ... fulfilment of conditions on relevant approved projects Consideration of funding proposals Selection of the Permanent ... Policies related to prohibited practices, anti-money laundering and countering the financing of terrorism Structure ...
Event > Board meeting 
Fifteenth meeting of the GCF Board (B.15)
... for the simplified proposal approval process Consideration of funding proposals, including from the micro-, ... replenishment process Matters related to accreditation Consideration of accreditation proposals Accreditation master ...
Event > Board meeting 
Eleventh meeting of the GCF Board (B.11)
... for the first formal replenishment of the Fund Consideration of funding proposals Information disclosure policy ... items from previous meetings Establishment of the Appointment Committee as a standing Board committee, including ... on ethics and conflicts of interest for other Board appointed officials and active observers Communications ...
Event > Board meeting 
Tenth meeting of the GCF Board (B.10)
... heads of the accountability units: Recommendations of the Appointment Committee Consideration of accreditation proposals Initial monitoring and ... to determine and define the Fund’s risk appetite Appointment of experts of the independent Technical Advisory ...
Event > Board meeting 
United Kingdom pledges to double contribution to Green Climate Fund
... contributions to GCF shows strong UK international leadership in responding to the climate emergency. It is also a ... developing countries, board members and interested stakeholders on the strategic directions of the Fund to respond to ... building activities (known as readiness support) helping 126 developing countries identify and address their most ...
Article > Press release United Kingdom 
Twenty-fourth meeting of the GCF Board (B.24)
... of the GCF Report from the replenishment process Consideration and endorsement of the outcomes of the first formal ... and budget of the Independent Redress Mechanism Consideration of funding proposals Consideration of accreditation proposals Updated Gender Policy ...
Event > Board meeting Republic of Korea (the) 
Twenty-seventh meeting of the GCF Board (B.27)
... United Nations Framework Convention on Climate Change Consideration of funding proposals Consideration of accreditation ... related to the Head of the Independent Evaluation Unit Appointment of the interim Head of the Independent Evaluation ... environmental and social safeguards system for the GCF Appointment of members of the independent Technical Advisory ...
Event > Board meeting 
Country programming support and sustainable tourism planning for Cabo Verde
Cabo Verde’s growing vulnerability towards environmental instabilities as well as its high level of poverty and dependence on fossil fuels present significant challenges within the country. The Government of Cabo Verde...
Document > Approved readiness proposal Cabo Verde
Accelerating the deployment of climate financing for early warning systems
... at UK’s Foreign Commonwealth and Development Office (FCDO), reminded participants that “the UN ...
Article > News update 
Supporting Yemen’s Low Emissions Development through the preparation of the Nationally Determined Contribution (NDC), while enhancing required capacities and project pipeline in support of reducing emission
... will be strengthened significantly BECAUSE key stakeholders, including the private sector, will be actively engaged ... guided by government’s continued commitment and leadership in addressing climate change, the country’s ...
Document > Approved readiness proposal Yemen
Enhancing Angola’s Access to Climate Finance for Sustainable Transport and Sustainable Landscape (AFOLU) Sectors
Climate change poses a severe threat to Angola’s economy and its population. About 80% of the most frequent disasters recorded in Angola are directly associated with hydro-climatic events: water scarcity or excess....
Document > Approved readiness proposal Angola
Initial Resource Mobilisation
Overview
Following a rapid institutional start-up phase, the GCF’s Initial Resource Mobilisation (IRM) in 2014 quickly raised USD 9.3 billion in pledges. Of this, USD 9.3 billion was confirmed.
Amount announced...
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Themes & result areas
Themes
Our work aims to support paradigm shifts in both climate mitigation and climate adaptation efforts. GCF aims for a 50:50 balance between mitigation and adaptation investments over time...
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Readiness: GCF placements
... of the GCF Liaison Officer scheme, a key initiative under the Readiness Strategy 2024-2027 designed to enhance ...
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GCF's first REDD+ results-based payment boosts financial incentive to protect forests
... Juan Chang said Brazil's project marks a major turning point in helping turn REDD+ from a topic of years of UNFCCC negotiations into payments for achievement of past ... it receives from GCF for REDD+ activities that come under its Nationally Determined Contribution ( NDC ) as a ...
Article > Press release Brazil 
Climate costs will rise sharply if we miss 1.5 degree target, GCF conference hears
... The three-day conference was designed to strengthen understanding between GCF and its National Designated Authorities, which act as focal points to communicate climate needs identified by developing ... as well as charting GCF’s future role within the broader climate finance landscape. The Deputy Prime Minister of ...
Article > Press release 
Green Climate Fund pledges ambitious response to IPCC alarm bell
... while outlining the findings of the 1.5C report to an audience of developing country Ministers and governmental ... Its next Board meeting from 17-20 October will consider 20 new project proposals totalling $1.1 billion in GCF ... low-emission and climate-resilient pathways. NDAs, or focal points, represent developing country governments in their ...
Article > Press release 
Private sector key, say GCF Latin America Dialogue partners
... on Monday, Colombian President Juan Manuel Santos Calderón - a former economist and winner of the 2016 Nobel ... formal and informal discussions during the four-day event pointed to a shared view of the need to draw in the private ... perceived risks of climate investments by businesses in order to mobilise the private sector at scale." GCF investment ...
Article > Press release Colombia 
Focus on adaptation planning at COP 23, surge in requests for GCF support
... uncertainties of climate change should serve as an entry point for the use of risk sharing mechanisms and other ... United Nations Framework Convention on Climate Change (UNFCCC). “We are dealing with uncertainty all the time in ... of GCF’s Country Programming Division, said the Fund understands that countries urgently require financing to ...
Article > Press release 
Germany, Incheon City raise awareness on climate conflict and cooperation at GCF Headquarters
The Green Climate Fund and Germany’s Federal Foreign Office, alongside the city government of ... initiative, a joint outreach effort of the German Federal Foreign office and adelphi, a Berlin-based think tank ... complex issues of climate change and, more importantly, to point them at existing solutions to the response to global ...
Article > Press release Germany Republic of Korea (the) 
GCF disburses finance to support Indigenous Peoples in the Amazon
... the project to fulfill conditions set by the GCF Board in order to receive its first disbursement. The planet’s ... Amazon as it is the planet’s lungs.” Mr. Paniagua also pointed out that the best way to prevent deforestation and ... financial rewards, as the oil is used globally in food ingredients, hair and skin products and other commodities. “We ...
Article > Press release Peru 
Results needed to tackle forest roots of climate challenge
... through results-based payments, for the currently undervalued service they provide the planet,” said Mr Busch ... for REDD+. “If the emissions from rainforests were considered as a country they would be the third biggest emitter ... efforts by National Designated Authorities and focal points in developing countries to engage with GCF in these ...
Article > Press release 
GCF Board approves projects worth USD 250M and prepares for leadership transition
... in GCF funding. “The close of B.13 marks the half-way point for the GCF in 2016,” said Board Co-Chair Ewen ... 38.1 million for Strengthening the Resilience of Smallholder Famers in the Dry Zone to Climate Variability and ... Board approves projects worth USD 250M and prepares for leadership transition ...
Article > Press release 
GCF speeds up funding process to help meet urgent need for climate action
... given the burgeoning demand for climate finance.” He pointed out the three agreements represent further progress ... close collaboration with its partners,” Mr. Glemarec underscored “the crucial roles of UNEP and FAO in helping ... agricultural lands are located. Kailash Pokharel, an undersecretary in Nepal’s Ministry of Finance, said: “The ...
Article > Press release Multiple countries 
Financing ambition and the future we want
Excellencies, distinguished guests, ladies and gentlemen, good afternoon to everyone. On behalf of ... reveals our extreme vulnerability to global crises and underscores the importance of acting urgently and collectively ... to revive economies, the world is at a major turning point, with either a rare opportunity for a global course ...
Article > Speech