Climate finance fundamentals 11: the Green Climate Fund

Briefing papers
November 2015
Liane Schalatek, Smita Nakhooda and Charlene Watson

This note describes the latest developments in the design and operationalisation of the Green Climate Fund (GCF), and outlines key points of tension. In 2015 the GCF has reached a capitalisation of $10.2 billion and started approving its first projects. The extent to which it can succeed in supporting recipient countries to transform their economies in line with climate-compatible development remains to be seen.

Previous years' editions of the Climate Finance Fundamentals can be accessed here.