Blog Posts: Green Climate Fund

The Green Climate Fund (GCF) is a central pillar of international climate finance, and the funding mechanism known as “direct access” is an exciting part of the GCF’s innovative approach to financing and commitment to equitable finance. A new paper from WRI explores the GCF’s progress on direct access and proposes ways to fully realize the potential of this approach.

To bolster U.S. influence and impact as it reengages in global climate action, the Biden Administration must prioritize climate finance in four key areas.

This guiding document should outline how the GCF will achieve 1.5-aligned ambition, approach adaptation, avoid watering down the quality of its programs, and empower developing country institutions.

Advocates of climate finance in Congress have spent the last three years on the defensive, working to maintain current levels of spending. But a rapid scale up of investment in climate action is urgently needed, and public finance plays a key role.

As developing countries increasingly experience the impacts of climate change, ensuring that they have efficient access to adaptation funding is ever more urgent. The Green Climate Fund (GCF) is one of the world’s largest sources of finance for climate adaptation, and importantly, most of its finance is concessional, meaning it is delivered with significant grant components. It is therefore essential that the GCF Board, which meets this weekend, get the GCF’s approach to adaptation right.

However,...

When the Green Climate Fund received its first round of funding, contributions were more or less arbitrary. This time around, countries have an opportunity to root their contributions in objective measures of capacity, responsibility and ambition.

World's largest climate fund is nearing the end of its first round of funding. As examples from Mongolia, India and Morocco show, the Green Climate Fund can be a game-changer for getting low-carbon projects off the ground in developing nations.

The world's biggest climate fund has had a rough go of it this year. Nearing the end of their first funding period, they can right the ship by tackling replenishment, governance and decision-making at a final 2018 board meeting.

Governance issues and unpredictable funding are holding back the world's most important climate fund. Reform and objective criteria for replenishment can set it on the right track.

The Green Climate Fund, a major source of finance for developing countries seeking to address climate change, has committed $3.5 billion for projects around the world. But now it needs to replenish its resources in an effective, transparent and inclusive way -- soon. Among other things, it could use an external facilitator to help move the process along.