Published: 20 September 2022
The Green Climate Fund (GCF) is the world’s largest climate dedicated fund for helping developing countries to reduce their Greenhouse Gas (GHG) emissions and enhance their ability to respond to climate change. The GCF is an international climate fund designed to help developing countries respond to climate change by investing in low-carbon resilient development. Green Climate Fund (GCF) was established and set up by the UNFCCC through an agreement by the 194 governments at the 16th Conference of Parties (COP) in 2010 under the Cancun Agreement in Mexico.
The COP and the Board of the GCF have signed a Memorandum of Understanding (MOU) which guides the relationship of the COP and the GCF which the COP provides annual guidance to the Board related to policies, programme priorities, and eligibility criteria. As a result of decisions contained in Article 9, paragraph 8, of the Paris Agreement, and UNFCCC decision 1 of the CP/21, paragraph 58, the GCF also serves the Paris Agreement and the objectives contained therein.
