Green Climate Fund strengthens its accreditation framework

At its latest meeting 2-5 November in Livingstone, Zambia the Green Climate Fund Board strengthened the Fund’s accreditation framework by agreeing on a policy to review every five years to what extent the GCF’s implementing partners’ overall portfolio of activities – beyond those funded by the GCF – have evolved in the direction of the Fund’s goal to promote a paradigm shift. Partners that continue to heavily invest into coal and other fossil fuels are now at risk of loosing their accreditation after their initial accreditation period ends.