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The Green Climate Fund (GCF)

The Green Climate Fund (GCF) is a climate finance mechanism established by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010 and operating since 2015. The GCF assists developing countries with climate adaptation and mitigation actions. It aims to catalyse a flow of climate finance to invest in low-emission and climate-resilient development pathways, supporting the UNFCCC and Paris Agreement goal of keeping average global temperature rise to 1.5 degrees Celsius.[1] In doing so, the GCF can accept contributions from the developed country parties to the UNFCCC, as well as from public, non-public and alternative sources including, among others, countries not party to UNFCCC, entities and foundations.[2] At COP 26 in November 2021, developed country parties made a new promise to make USD 100 billion a year in climate finance available by 2023. The deadline for their previous commitment to achieving this goal had passed in 2020. This renewed pledge constitutes an opportunity for the GCF as a key mechanism in channelling this funding.

The GCF’s policy and funding decisions are taken by 24 Board members. Observer organisations lobby and influence decisions through the Observer Network of CSOs, Indigenous Peoples and Local Communities led by two active observers, one from the developed and one from the developing countries. Indigenous representatives and support organisations are organised in the Indigenous Peoples Advocacy Team as well as taking an active part in the Observer Network. The southern active observer is currently an Indigenous representative.

[1] Green Climate Fund. Accessed 27 January 2022: https://www.greenclimate.fund/about

[2] Governing Instrument of the GCF: Accessed 28 January 2021: https://www.greenclimate.fund/sites/default/files/document/governing-instrument.pdf.

Tags: Global governance, Climate

The Indigenous World 2022: The Green Climate Fund (GCF)

The Green Climate Fund (GCF) is a climate finance mechanism established by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010 and operating since 2015. The GCF assists developing countries with climate adaptation and mitigation actions. It aims to catalyse a flow of climate finance to invest in low-emission and climate-resilient development pathways, supporting the UNFCCC and Paris Agreement goal of keeping average global temperature rise to 1.5 degrees Celsius.[1] In doing so, the GCF can accept contributions from the developed country parties to the UNFCCC, as well as from public, non-public and alternative sources including, among others, countries not party to UNFCCC, entities and foundations.[2] At COP 26 in November 2021, developed country parties made a new promise to make USD 100 billion a year in climate finance available by 2023. The deadline for their previous commitment to achieving this goal had passed in 2020. This renewed pledge constitutes an opportunity for the GCF as a key mechanism in channelling this funding.

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IWGIA - International Work Group for Indigenous Affairs - is a global human rights organisation dedicated to promoting, protecting and defending Indigenous Peoples’ rights. Read more.

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