Relief, not Jubilation as GCF Board Approves the Fund’s First Eight Funding Proposals Just weeks before the Paris climate summit, first funding decisions by the GCF Board at its 11th meeting in Livingstone, Zambia, make the Fund fully operational. Nevertheless, a lot of policy work on outstanding issues is still needed for 2016 before the GCF can stand both the test of time and the test of its own ambition and vision. By Liane Schalatek