Green Climate Fund
The GCF was established to promote a paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries. We assist SIDS and LDC representatives on the GCF Board in their efforts to create an innovative and effective fund that can be accessed directly by those in need to finance transformative mitigation and adaptation projects.
We support our stakeholders’ mission to shape the design and operation of an international climate finance architecture that is responsive to their adaptation needs and provides increased volumes of funding for mitigation in developing countries to assist in the global peaking of emissions sufficient to keep warming below 1.5°C – one of SIDS and LDCs key demands.
Our work enabled a strong representation of SIDS and LDCs in the GCF Board, which resulted in innovative institutional arrangements of the Fund reflecting some of the major concerns of their constituencies, such as the GCF’s strong focus on readiness, the inclusion of the 2°C target in the Fund’s investment criteria, the fit-for-purpose accreditation approach, the mandated 50/50 balance between mitigation and adaptation over time, and the 50% minimum floor of adaptation funding for particular vulnerable countries.