Green Climate Fund

Green Climate Fund (GCF)
The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.wikipedia
58 Related Articles

Climate change adaptation

adaptationAdaptation to global warmingclimate adaptation
The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.
A new fund - the Green Climate Fund, was therefore created.

Incheon

Incheon, South KoreaInchonJinsen
The GCF is based in Incheon, South Korea.
The city is also home to the Green Climate Fund, an international organization addressing environmental issues.

2011 United Nations Climate Change Conference

COP17Cop 17Durban agreement
Its governing instrument was adopted at the 2011 United Nations Climate Change Conference (COP 17) in Durban, South Africa.
There was also progress regarding the creation of a Green Climate Fund for which a management framework was adopted.

Copenhagen Accord

COP 15Copenhagenfinal agreement
The Copenhagen Accord, established during the 2009 United Nations Climate Change Conference (COP-15) in Copenhagen mentioned the "Copenhagen Green Climate Fund".

Climate Finance

It is intended that the Green Climate Fund be the centrepiece of efforts to raise Climate Finance under the UNFCCC.
The largest multilateral climate funds are the Climate Investment Funds (CIFs), Green Climate Fund (GCF), Adaptation Fund (AF), and Global Environment Facility (GEF).

Climate change mitigation

mitigationMitigation of global warmingclimate protection
The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.
Funding, such as the Green Climate Fund, is often provided by nations, groups of nations and increasingly NGO and private sources.

2010 United Nations Climate Change Conference

COP16Cancun SummitUnited Nations Climate Change Conference
The fund was formally established during the 2010 United Nations Climate Change Conference in Cancun as a fund within the UNFCCC framework.
The outcome of the summit was an agreement adopted by the states' parties that called for a large "Green Climate Fund", and a "Climate Technology Centre" and network.

United States withdrawal from the Paris Agreement

withdrawwithdraw the United Stateswithdrawing from the Paris Agreement
U.S. President Donald Trump in his announcement of U.S. withdrawal from the Paris Agreement on June 1, 2017, also criticized the Green Climate Fund, calling it a scheme to redistribute wealth from rich to poor countries.
The main aim of the Agreement is to hold the increase in the global average temperature to well below 2 °C above pre-industrial levels", predominantly by reducing greenhouse gas emissions. The agreement differs from the 1997 Kyoto Protocol, the last widely adopted amendment to the UNFCCC, in that no annexes are established to lessen responsibility of developing nations. Rather, emissions targets for each nation were separately negotiated and are to be voluntarily enforced, leading United States officials to regard the Paris Agreement as an executive agreement rather than a legally binding treaty. This removed the requirement for the United States Congress to ratify the agreement. In April 2016, the United States became a signatory to the Paris Agreement, and accepted it by executive order in September 2016. President Obama committed the United States to contributing US$3 billion to the Green Climate Fund.

United Nations Framework Convention on Climate Change

UNFCCCClimate ChangeUN Framework Convention on Climate Change
The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change. It is intended that the Green Climate Fund be the centrepiece of efforts to raise Climate Finance under the UNFCCC.

Global warming

climate changeglobal climate changeanthropogenic climate change
The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.

South Korea

Republic of KoreaKoreaKOR
The GCF is based in Incheon, South Korea.

2009 United Nations Climate Change Conference

COP15Copenhagen SummitUnited Nations Climate Change Conference 2009
The Copenhagen Accord, established during the 2009 United Nations Climate Change Conference (COP-15) in Copenhagen mentioned the "Copenhagen Green Climate Fund".

Durban

Durban, South AfricaPort NatalDurban, KwaZulu-Natal
Its governing instrument was adopted at the 2011 United Nations Climate Change Conference (COP 17) in Durban, South Africa.

World Bank

The World BankIBRDWorld Bank Group
During COP-16 in Cancun, the matter of governing the GCF was entrusted to the newly founded Green Climate Fund Board, and the World Bank was chosen as the temporary trustee.

Overseas Development Institute

ODIThe Overseas Development Instituteresearchers
Researchers at the Overseas Development Institute state that without this last minute agreement on a governing instrument for the GCF, the "African COP" would have been considered a failure.

Commercial bank

corporate bankingcommercial bankingcommercial banks
The fund partners with 84 organizations that include commercial and development banks, state agencies and civil society groups, which pilot and execute innovative approaches to climate programs.

Development finance institution

development bankdevelopment banksDevelopment finance
The fund partners with 84 organizations that include commercial and development banks, state agencies and civil society groups, which pilot and execute innovative approaches to climate programs.

Civil society

civil society organizationscivil societiesglobal civil society
The fund partners with 84 organizations that include commercial and development banks, state agencies and civil society groups, which pilot and execute innovative approaches to climate programs.

High Level Advisory Group on Climate Financing

Uncertainty over where this money would come from led to the creation of a High Level Advisory Group on Climate Financing (AGF) by UN Secretary-General Ban Ki-Moon in February 2010.

Ban Ki-moon

Ban Ki MoonForeign Minister BanBan
Uncertainty over where this money would come from led to the creation of a High Level Advisory Group on Climate Financing (AGF) by UN Secretary-General Ban Ki-Moon in February 2010.

Donald Trump

TrumpPresident TrumpPresident Donald Trump
U.S. President Donald Trump in his announcement of U.S. withdrawal from the Paris Agreement on June 1, 2017, also criticized the Green Climate Fund, calling it a scheme to redistribute wealth from rich to poor countries.

Clean Development Mechanism

CDMCDM-projectsClean Development Mechanism (CDM)
As far as additionality is concerned, there is no strict definition of this term, which has already led to serious problems in evaluating the additionality of emission reductions through CDM-projects, leading to counter-productivity, and even fraud.

Gilbert E. Metcalf

Gilbert E.MetcalfGilbert Metcalf
Under the Obama Administration, he served as the Deputy Assistant Secretary for Environment and Energy at the U.S. Department of Treasury where he was the founding U.S. Board Member for the UN based Green Climate Fund.