Climate finance is urgently needed to enable people and communities to deal with the increasingly worsening impacts of the climate crisis. It is also vital for the transformation of our energy and economic systems to prevent climate catastrophe and build equitable, post-carbon, just societies. The Green Climate Fund has a vital role to play in Climate Finance, and civil society groups must ensure that the GCF does fulfill this role to the maximum benefit of people and communities. We hope this website will be useful in empowering and enabling civil society groups for this purpose. Read more…
GCFWatch World Map
Legends
Green – with National Designated Authority (NDA)
Red – in-country National Implementing Entities(NIEs)
Yellow – with Focal Point
LATEST
CSO interventions on proposed AEs during the 21st GCF BM
The link below will allow you to download the CSO interventions on accredited entities during the 21st GCF Board meeting.
Read More
Crunch Time for the Green Climate Fund: 5 Issues to Watch at Critical Board Meeting
Next week, the Board of the Green Climate Fund (GCF), the world's largest international climate fund, will meet for the last time this year. The timing couldn't be more dramatic.
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Green Climate Fund pledges ambitious response to IPCC alarm bell
The Green Climate Fund (GCF) is working with developing countries to drive urgent action in response to the latest IPCC report on the science of climate change.
Read MoreGreen Climate Fund
The Private Sector
In Your Country
The Basics
Right and Equity
How Funding is Decided
Terms
Accreditation Panel
The accreditation panel is composed of six international experts in areas related to the fiduciary standards and environmental and social safeguards of the Fund. The panel is considered a technical advisory body accountable to the board. Its role is to review applications for accreditation and assess applicants ability to meet the standards set by the Board.
Accredited entity
The GCF channels its funding for climate actions in developing countries through accredited entities (AEs). GCF AEs can be international, regional, national and sub-national entities, including public and commercial banks; international and bilateral development agencies; ministries or other government agencies; private sector actors; and other non-governmental organizations. Â In order to be accredited to the GCF, applicant entities need to apply for accreditation and fulfill accreditation requirements set by the GCF, such as environmental, social and gender safeguards and financial and project management principles and standards. They are accredited for five years and then need to reapply.
Conference of Parties
Also referred to as COP is the highest decision making organ of the UNFCCC and to the Convention. All States that are Parties to the Convention are represented at the COP, the meeting reviews and assess the progress in dealing with climate change and the implementation of the Convention. The COP meets every year, unless the Parties decide otherwise. Most GCF operations are guided by the decision of or guidance from the COP.
Governing Instrument
The Governing Instrument provides a wide range of parameters, standards and principles to guide the GCF operations, in particular the decision-making process of the GCF Board.
Active observer
The GCF encourages the participation of a wide range of accredited observers. In addition, it recognizes two representatives from the private sector and two representatives from civil society organizations (one each from developed and developing countries) as active observers. They are the only observers that can speak in GCF Board meetings on behalf of their respective constituency and fulfill a coordinating, outreach and information-sharing role. Active observers are self-selected by their constituency and serve for a two year period, which can be renewed once.