The Green Climate Fund (GCF) is a fund within the framework of the UNFCCC. It was established by 194 countries as a mechanism to assist developing countries in adaptation and mitigation practices to counter climate change. It allocates its resources to low-emission and climate-resilient projects and programmes in developing countries. The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States. A variety of financial instruments are available, including grants, concessional loans, subordinated debt, equity, and guarantees, giving flexibility to match project needs.
|Global Funding Allocation (Donor Currency)||
Pledges up to USD $10.2 billion
|Global Funding Allocation (USD)||
Development of funding proposal or concept by accredited implementing entity, with no objection from the National Designated Authority; Submission of funding proposal or concept to the GCF Secretariat; Assessment of proposals or concepts over $10 million by the GCF Technical Advisory Panel (TAP), otherwise by the GCF Secretariat, who will come up with recommendations to the GCF Board; GCF Board considers TAP / GCF Secretariat recommendations and makes decision; Proposal outcome communicated to implementing entity and legal instruments initiated by the Trustee.