The Green Climate Fund (GCF) is the largest climate fund and supports developing countries in their transition to low-emission and climate-resilient development. It provides funding for transport projects (average funding volume of 59 million USD per project as of September 2021; see Transport | Green Climate Fund).
It is fully operational since 2015 and acts as operating entity of the Financial Mechanism of the United Nations Framework Convention on Climate Change (UNFCCC). Its own secretariat is based at the World Bank (the GCF’s trustee). The GCF counts 24 board members equally representing developed and developing countries.
Grants, concessional debt, loans, guarantees, equity instruments, results-based payment (33% private, 67% public)
8 strategic result areas:
Developing countries, in particular Least Developing countries (LDCs) and the African continent
Find more information on how to get accredited here: Accreditation process | Green Climate Fund
Find more information on investment criteria and related indicators here: Investment framework | Green Climate Fund
Project lifecycle | Green Climate Fund
Photo by Noah Buscher on Unsplash.
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