14 April, 2015

Why 2015 will determine what kind of climate fund the GCF will be


Felix Fallasch, Bianka Kretschmer

The 9th GCF Board meeting that took place in Songdo, South Korea, 24-26 March 2015 aimed at bringing the Fund closer to its goal of approving the first funding proposals at its October meeting to have in place a first portfolio of projects and programmes by COP 21 in Paris. This would be a key input to the negotiations under the UNFCCC, building momentum towards adopting an ambitious agreement in 2015 and demonstrating the Fund’s capacity to become a credible player in the international climate finance architecture.

This goal puts a lot of pressure on the Board to deliver, this year, the last key decisions to put in place all the necessary elements to receive, assess and approve funding proposals.