Green City Incheon & GCF

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Overview of GCF

Green Climate Fund (GCF)

The Green Climate Fund is an international organization with its mission of delivering a paradigm shift in the global response to climate change. It aims to provide developing countries with climate finance required to climate change mitigation and adaptation. It is governed by the Board, a decision-making body, and run by the Secretariat, an operational body based in Songdo, Incheon.
* The Board consists of 24 members and their alternates - equally drawn from developed and developing countries.

Resource Mobilization

A total of 10.3 billion dollars from 43 countries has been mobilized since the High-Level Pledging Conference in 2014. Among the pledges, 9.9 billion dollars were turned available with contribution agreements concluded between the Fund and 38 donors (as of November, 2016).

Proposal Approval Process and Investment Areas

Funding proposals are developed and suggested by the Accredited Entities, and consent letters from the National Designated Authorities are needed.
The Fund aims for a 50:50 balance between mitigation and adaptation investments. At least 50% of adaptation investments will be deployed for countries vulnerable to climate change, including Small Island Counties, Least Developed Countries, and African States.

Accredited Entities(AE)

The Fund-approved projects and programs are implemented by accredited entities. The implementing entities include local, regional, national and international organizations, such as UN agencies, national development banks, and multinational development banks. As of December 2016, 48 entities are accredited by the Board.

Readiness Support

The Fund provides developing countries with an early support for readiness and preparatory activities which aim to enhance country ownership and access to the Fund. Developing countries with strengthened capacity can increase the effectiveness and efficiency of the Fund’s projects and programs.

 Link to GCF 

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  • 담당자:Green Climate Division
  • 담당전화번호:032-440-8587
  • 출판일:20161018