Engaging with the Green Climate Fund A Digital Toolkit for India

The Green Climate Fund (GCF) was set up under the United Nations Framework Convention on Climate Change (UNFCCC) at the 16th Conference of the Parties (COP 16) in 2010 to support the shift towards a low-emission and climate resilient development path by providing support to developing countries in the form of grants, loans, guarantees, equity etc. It aims to make an ambitious contribution to the implementation of the Paris Agreement and its mitigation and adaptation goals. The GCF is currently the world’s largest dedicated multilateral climate fund and the main multilateral financing mechanic is to support developing countries in reducing their greenhouse gas emissions and enhancing their ability to respond to climate change. The Fund strives to maximise the impact of its funding for adaptation and mitigation, seeking a balance between the two, while promoting environmental, social, economic and development co-benefits and taking a gender-sensitive approach. The GCF offers a change of financing instruments to both the public and private sectors in implementing projects that are related to climate change adaptation and/ or climate change mitigation. The GCF aims for a 50:50 balance between adaptation and mitigation. The GCF has made several windows available for financing and technical support to facilitate a programmatic approach to engaging with the Fund on implementing climate actions. GCF Board – Decision Making Structure The GCF Board of 24 members is composed of an equal number of representatives from developed and developing countries selected by the UNFCCC regional constituencies. It includes three members and three alternate members each from the Asia-Pacific, African, and Latin American and Caribbean States; one member and one alternate member each from the Small Island Developing States and Least Developed Country Parties; one member from other developing country Parties; and one rotating alternate member among developing country Parties not included in the above groups. The Board generally meets three times a year, and decisions are made generally by consensus (with voting possible for project/programme proposals when no consensus can be achieved). Members of the Board serve a three-year term. The two Co-Chairs of the Board- one from a developing country Party and the other from a developed country Party are elected by Board members to serve a one-year term.

source :

https://moef.gov.in/uploads/pdf/GCF-Toolkit-Final-A.pdf