What is Green Climate Fund?
Green Climate Fund (GCF) is a financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC). The Green Climate Fund supports developing countries in their climate change action that has transformational impact and moves countries to low-emission and climate-resilient development.
GCF resources are equally split between mitigation and adaptation. At least half of adaptation finance will be provided to the Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African countries.
In mitigation, GCF supports activities reducing emissions from:
- Energy access and power generation
- Low emission transport
- Buildings, cities and industries and appliances
- Forestry and land use
In adaptation, GCF provides support for projects and programmes that lead to increased resilience of:
- Most vulnerable people and communities
- Health and well-being, and food and water security
- Infrastructure and built environment
- Ecosystem and ecosystem services