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.

Publications

A key instrument to allocating finance to the most vulnerable to both accelerate the energy transition and create resilience against the impacts of climate that are already with us, is the Green Climate Fund. Australia left this multilateral institution in 2019, but its new government could stand to gain on multiple fronts by reengaging to deliver on both its climate and foreign policy objectives.  
This briefing is the second of a two-part Climate Analytics series that examines historical access to the Green Climate Fund (GCF) by Small Island Developing States (SIDS). It focuses on the quality of SIDS proposals submitted to the GCF based on the feedback given to proposals by the independent Technical Advisory Panel (iTAP).  
Meeting climate goals is becoming a matter of fundamental concern for many countries. For the most vulnerable countries, meeting global mitigation targets to limit the increase in global warming to below 1.5 degrees above preindustrial levels is a matter of survival - because of their limited financial, technical, technological and human capacity to cope with increasing and more frequent climate-related adverse events. This analysis takes stock of the resources mobilised through funding proposals submitted to and approved by the Green Climate Fund over the period from November 2015 to July 2021 (Board 29). It is based on data published by the GCF.  
The Green Climate Fund Board met for the 13th time 28-30 June 2016 in Songdo, Republic of Korea. This report outlines the key messages for policymakers from Small Island Developing States (SIDS) and Least Developed Countries (LDCs).  

Projects

The "Climate Action Tracker" is an independent science-based assessment, which tracks the emission commitments and actions of countries.  
Climate Analytics provided conceptual and organisational support for the Green Climate Fund Readiness Meeting on 11–12 July 2013 in Bridgetown, Barbados, organised in a partnership between GIZ, CDB, and the GCF Board. Project Period: 2013  
The project supports national climate finance institutions tasked with accessing the Green Climate Fund (GCF) under the Fund’s direct access modality and provides strategic and conceptual support for developing national climate change strategies. Project Period: 2014 - 2016  
In this novel project, funded by the Green Climate Fund, we aim to provide technical advisory services to partner countries to enhance the scientific quality of their Country Programmes for the Green Climate Fund in order to improve access to funding. The services include scientific analysis, development of tools and guidelines as well as institutional capacity building.