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.

Date23 November 2015
Victoria Falls, Livingstone, Zambia ©Jeremy T. Hetzel courtesy Flickr