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Scaling the role of climate finance after COP27
... 2023 to assess the outcomes of COP27, particularly the role of climate finance and how to scale its impact for ... interesting ideas but [they are] not scalable enough to meet the target that we have to get to,’ said former ... 80 per cent of yearly global climate finance, since higher credit ratings and a more threatening investment ...
Article > News update 
Iraq unveils plans for ambitious climate project pipeline
... priorities in one of the world’s most climate-vulnerable countries. Furthermore, this programme will serve as a framework for GCF in assessing funding applications and determining future financial requirements. The unveiling of ... on irrigation and limited adaptive capacity. Photo credit: ©FAO/Cengiz Yar. Iraq FP249 Iraq unveils plans for ...
Article > News update Iraq 
GCF Board closes key policy gaps as project pipeline reaches $1.5 billion
... first Strategic Plan, its Work Plan for 2016, and the accreditation of 13 new entities. “The Board has reached ... vision, operational priorities, and an action plan to be implemented by 2018. The Strategic Plan strengthens the ... Investment Bank (EIB); International Finance Corporation (IFC); Unidad Para el Cambio Rural from Argentina (Unit for ...
Article > Press release 
GCF and World Bank sign renewable energy project agreement
GCF and the World Bank have signed an instrumental legal agreement to rapidly begin implementing the second ... energy facility. It will support nine countries in meeting their NDC commitments while increasing access to ... of SRMI-Resilience’s FAA, the World Bank, as the accredited entity, can now rapidly move from approval to ...
Article > News update 
Green and climate resilience bonds – Scaling up access to affordable finance in developing countries, notably in LDCs
... and private sectors to catalyse climate finance at scale and create new, green markets. Markets that work for ... includes exchanges and trading platforms, clearing houses, credit risk assessment, custodians, and fiduciaries, without ... the issuance of GSSS bonds. Although there are around 260 public development banks operating in developing ...
Article > Speech
GCF at COP28: A wrap up of outcomes at COP28
... fossil fuels after two weeks of intense negotiations. While stopping short of a ‘phaseout’ of coal, oil and gas, ... United Nations Framework Convention on Climate Change (UNFCCC), GCF takes guidance from the Conference of Parties ... agreements (Funding Activity Agreements) were signed with Accredited Entities to launch new projects recently approved ...
Article > News update 
Improving Brazilian’s capacity to support the development of a national sustainable solid waste Management program in the coastal zone
... from the waste sector. More than 80% (2,655 of 3,256 sites) of the dumps that should have been closed in 2014 ... with the closure of dumps; however, they have a limited knowledge and technical and policy guidance for the adoption of ... study of an open dumps closure to replace it by a regional sanitary landfill that incorporate climate change mitigation ...
Document > Approved readiness proposal Brazil
Thirty-eighth meeting of the Board
... Time (UTC +2). Thursday, 7 March will be dedicated to a site visit. Constituency meetings and meetings of Board ... 3 March. Technical sessions on funding proposals and accreditation proposals open to active observers will take ... in due course. The logistics note for the meeting is available on the GCF website. The online registration system (ORS) ...
Document > Notification
SAP054 - SOURCE Pacific Drinking Water Project
... and operation of up to 15,000 hydro panels across 1,000 sites in the Marshall Islands, Papua New Guinea, Tonga, and Vanuatu. All four target countries face high climate vulnerability due to changing ... and underdeveloped capital markets hinder large-scale infrastructure projects. The project targets ...
Project > Private sector Multiple countries 
FP124 - Strengthening Climate Resilience of Subsistence Farmers and Agricultural Plantation Communities residing in the vulnerable river basins, watershed areas and downstream of the Knuckles Mountain Range Catchment of Sri Lanka
... by climate proofing the underlying ecosystems in the Knuckles/Amban Ganga highlands and lowlands. The project covers the upper watershed and downstream areas of the Knuckles Mountain Range, which is a UNESCO heritage site that includes key biodiversity hotspots and forest ...
Project > Public sector Sri Lanka 
FP184 - Vanuatu community-based climate resilience project (VCCRP)
Vanuatu is one of the world’s most vulnerable countries to the effects of climate change. The nation is ... to increase their resilience to climate change, through targeted community and local adaptation activities in the ... and restoring 11,600 hectares of agricultural and fisheries sites; and training smallholder farmers in climate-resilient ...
Project > Public sector Vanuatu 
FP207 - Recharge Pakistan: Building Pakistan’s resilience to climate change through Ecosystem-based Adaptation (EbA) and Green Infrastructure for integrated flood risk management
... adapt to climate change, as evidenced by the 33 million people affected by devasting floods in 2023. The primary ... to flood and water resource management in local watershed sites in the Indus Basin river system. This will be ... the GCF Project Preparation Facility (PPF) supported the Accredited Entity in the development of this project's funding ...
Project > Public sector Pakistan 
FP009 - Energy Savings Insurance (ESI) for private energy efficiency investments by Small and Medium-Sized Enterprises (SMEs)
... motors, air-conditioning, refrigeration and boilers, increasing energy efficiency and developing a new market in energy services. The project will develop a package of ... low levels of investment, and limited access to long-term credit. There are no Energy Services Companies (ESCOs) and ...
Project > Public sector El Salvador 
Investing in climate action with GCF
To get back on track to limit global warming to 1.5 degrees ... climate change. …But this is easier said than done. Multiple barriers exist to scaling up investments in climate ... Initiative for the Great Green Wall is promoting access to credit and technical assistance to local farmers and banks ...
Article > Insights 
FP071 - Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam
Overcoming energy efficiency investment market barriers in Viet Nam. Viet Nam is one of the most energy ... and capacity building activities, combined with a dedicated credit line. It will build on ongoing efforts by the Vietnamese Government to promote the efficient use of electricity and reduce consumption and emissions. The project ...
Project > Public sector Viet Nam 
Initial Resource Mobilisation
... (IRM) in 2014 quickly raised USD 9.3 billion in pledges. Of this, USD 9.3 billion was confirmed. Amount ... 9300000000 Amount confirmed 9300000000 At its 21st meeting in October 2018, the GCF Board launched the process for the Fund's first replenishment (GCF-1). Initial Resource Mobilisation ...
Basic page
Information disclosure policy
Adopted by decision B.12/35 (a). Sets out the policy regarding the information that the Fund makes available to the public either as a routine matter or upon request. ...
Document > Policies, strategies, and guidelines
Green Climate Fund exceeds USD 10 billion replenishment mark
The Green Climate Fund (GCF) has achieved a milestone in its mission to progress climate action in developing countries with pledges to GCF’s first replenishment now reaching over USD 10 billion. With the ...
Article > Press release 
Enhancing Direct Access Guidelines
... (DAEs), National Designated Authorities and all the relevant stakeholders to prepare EDA concept notes and funding ...
Document > Publication, Guides
Strengthening the NDA and climate change frameworks for mobilizing climate financing in Benin
... programme. To attain these objectives, the proposal will lead to implement the outputs below: Needs assessment on areas of ... for developing, reviewing, and prioritizing bankable project proposals. The country programme development ...
Document > Approved readiness proposal Benin
Revised environmental and social policy
Adopted by decision B.BM-2021/18 ; applicable to all projects from B.32 onwards. Revises the ...
Document > Policies, strategies, and guidelines
Guidelines for enhanced country ownership and country drivenness
Adopted by decision B.17/21 . Sets out guidelines for enhanced country ownership and country drivenness, covering guiding principles, role of country programmes and structured dialogues, role of ...
Document > Policies, strategies, and guidelines
Interim environmental and social safeguards of the Fund (Performance standards of the International Finance Corporation)
... and mitigate environmental and social risks based on IFC standards; will remain in effect until the Fund develops ...
Document > Policies, strategies, and guidelines
Enhancing climate finance and investment in LAC banking sector
The Financial Sector plays a fundamental role in mobilizing the resources necessary to finance a low ... creation and placement of negotiated instruments in the markets. On the other hand, banks may be exposed to transition ... (operational risk) and indirectly, through their portfolio (credit and market risk), depending on the location of their ...
Document > Approved readiness proposal Multiple countries
GCF approves Project Preparation Facility grant to establish Barbados green bank
... PPF provides financial and technical assistance to GCF Accredited Entities for the preparation of high potential ... and Funding Proposal. This follows several discussions between GCF and the Government of Barbados on the ... conceptualised by the Barbados Prime Minister Mia Mottley to help Caribbean countries to meet their targets for ...
Article > Press release Barbados 
Support for accreditation gap assessment and action plan for the Rwanda Development Bank
... of Rwanda. For more than four decades, BRD has been the sole pro- vider of long-term finance and has significantly ... Rwanda is requesting a gap assessment support for accreditation for BRD. The support will help BRD better understand the accreditation support as well as ...
Document > Approved readiness proposal Rwanda
ED opening remarks
... Point and GCF has established a network of 113 Accredited Entities and over 200 delivery partners. Thanks to ... to programme these resources as soon as transferred. At COP 26, we were able to confirm that GCF had committed all its ... for around 2-3% of global climate finance flows under the UNFCCC; 0.5% of total climate finance flows; and less than ...
Article > Speech
Green Climate Fund: USD 736 million for new projects and readiness strategy to accelerate climate action
... The Board meeting marked the last one of GCF’s first replenishment period (2020-2023) having programmed a total of ... paves the way for important partnerships with new Accredited Entities from developing countries, some of which ... in Barbados with International Finance Corporation (IFC). SAP030: Strengthening Climate Resilience of the Lao ...
Article > Press release 
Private sector key, say GCF Latin America Dialogue partners
... the need for the private and public sectors to work together in developing sustainable solutions to address climate change. A number of formal ... at the Inter-American Development Bank (IDB) , a GCF Accredited Entity with seven projects approved by the GCF ...
Article > Press release Colombia 
Saint Kitts and Nevis commits to lead on scaled-up climate action
The Government of Saint Kitts and Nevis today committed to lead regional efforts to accelerate climate ambitions in the ... Caribbean region into historic impact by strategically targeting GCF resources to be as catalytic as possible. GCF is ... swaps, green hydrogen, performance-based grants, resilience credits and resilience bonds. The Caribbean region’s ...
Article > News update Saint Kitts and Nevis 