The Green Climate Fund (GCF) is the largest global fund dedicated to supporting developing countries in their climate action efforts. Its mission is to help these nations reduce greenhouse gas emissions and adapt to the impacts of climate change. The GCF aims to drive a shift towards low-emission, climate-resilient development, especially for countries that are most vulnerable to climate impacts.
Established in 2010 by the 194 countries that are parties to the United Nations Framework Convention on Climate Change (UNFCCC), the GCF is a key component of the Convention’s financial mechanism. It strives to balance its funding between mitigation and adaptation initiatives, adhering to the principles and provisions of the UNFCCC.
With the adoption of the Paris Agreement in 2015, the GCF was assigned a crucial role in supporting the agreement’s objective of limiting global temperature rise to well below 2 degrees Celsius.
Addressing the climate crisis requires a united effort from all nations and both public and private sectors. Advanced economies have committed to mobilizing substantial financial resources from diverse sources to meet the urgent mitigation and adaptation needs of developing countries.
