World's largest climate fund is nearing the end of its first round of funding. As examples from Mongolia, India and Morocco show, the Green Climate Fund can be a game-changer for getting low-carbon projects off the ground in developing nations.
Green Climate Fund
The Standing Committee on Finance, an expert body of the UN Framework Convention on Climate Change, released its third Biennial Assessment and Overview of Climate Finance. Read a statement from Leonardo Martinez-Diaz, Director of the Sustainable Finance Center, World Resources Institute.
The world's biggest climate fund has had a rough go of it this year. Nearing the end of their first funding period, they can right the ship by tackling replenishment, governance and decision-making at a final 2018 board meeting.
Governance issues and unpredictable funding are holding back the world's most important climate fund. Reform and objective criteria for replenishment can set it on the right track.
Setting the Stage for the Green Climate Fund’s First Replenishment
The Green Climate Fund (GCF) – with a mandate to accelerate climate action in developing countries – has great potential to support transformational investments in developing countries to achieve the goals set out in the Paris Climate Agreement. It is therefore crucial that the GCF succeed in...
The Road to Replenishment: Restoring Confidence in the Green Climate Fund
September 27, 2018
The Green Climate Fund, a major source of finance for developing countries seeking to address climate change, has committed $3.5 billion for projects around the world. But now it needs to replenish its resources in an effective, transparent and inclusive way -- soon. Among other things, it could use an external facilitator to help move the process along.
The world will need an estimated $140 billion per year — or more — to help adapt to the damaging impacts of climate change. But funders have gotten caught up in drawing bright lines between adaptation and development programs. To get the most out of scarce adaptation dollars, the world needs to move past this false distinction.
U.S. nonfederal leaders who support the Paris Agreement can help support the poorest and most climate-vulnerable populations.
French President Emmanuel Macron's planned summit in December, two years after the Paris Agreement, aims to foster more climate action, notably on the financial front. Here's what the summit can deliver to boost the global climate finance system.