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.
Climate change mitigation
Climate change mitigation interventions seek to reduce the release of greenhouse gas emissions, or to increase the capacity of carbon sinks. These may include projects and programmes that improve the efficiency of buildings and appliances, the adoption of cleaner sources of energy such as solar and wind, the introduction of more efficient and sustainable transportation, or the improved use of land and reforestation.
Climate change adaptation
Adaptation needs are coming into sharp focus as the impacts of climate change are more evident. Increasing numbers of people worldwide are being affected by the higher frequency and severity of water-related disasters, such as droughts, floods, tropical cyclones and storm surges, and heat-related disasters such as heat waves and wildfires.
We are facing adaptation challenges that we are only now beginning to grasp in their entirety. The health, livelihoods and lives of billions of people and of their children and grandchildren are at risk. Ever larger numbers of people are losing their homes in climate-related disasters or are forced to take the decision to leave their homes temporarily or permanently, due to climate-related threats to their physical security, food security or water security. The urgency to address adaptation challenges is now inescapable.
The adaptation result areas for GCF-funded projects are: i) Most vulnerable people and communities, ii) health and well-being, and food and water security, iii) Infrastructure and built environment, and iv) ecosystems and ecosystem services. The results of all GCF-funded adaptation projects must be monitored and reported through these four categories.
Certain GCF projects and programmes provide actions that may both reduce the amount of greenhouse gas emissions and allow vulnerable communities and populations to adapt to climate change. For instance, a forest management project may provide the climate mitigation benefit of increasing a forest's carbon sink capacity, while providing surrounding communities with a more stable water supply and additional livelihoods.