Climate finance fundamentals 11: the Green Climate Fund (2017 update)

Briefing papers
November 2017
Liane Schalatek, Neil Bird, Charlene Watson

This series of short, introductory briefings are designed for readers new to the debate on global climate change financing.  In light of the fast pace of developments in climate finance, the briefs provide a better understanding of the quantity and quality of financial flows going to developing countries.

The Green Climate Fund (GCF) is the newest actor in the multilateral climate finance architecture and became fully operational in 2015. Since then, it has approved USD 2,634 million for 54 projects. The GCF is an operating entity of the Financial Mechanism of the UNFCCC.