Green Climate Fund

With USD 9.77 billion pledged by 27 countries at the Green Climate Fund’s formal pledging conference in Paris in late October, the GCF’s first replenishment period, which runs until the end of December 2023 and allows for contributions to be pledged and collected throughout, is off to a decent and some would even say better than hoped for start. 

GCF CSO Active Observer for Developed Countries Liane Schalatek on the Green Climate Fund's 2nd Replenishment

The Green Climate Fund is up for its first replenishment. Civil society wants developed countries to double their help

Have developed countries kept their word regarding international climate finance?

It’s “back to the future” for the Green Climate Fund after its most recent board meeting in Bahrain. After the July disastrous meeting, this outcome sends a reassuring signal that the GCF can deliver on its core functions before COP 24.

COP 23 was one COP in two zones: The Bula zone was the site of the official negotiations  - with little relevance to what happens in the real world. The Bonn zone hosted dozens of civil society kiosks and hundreds of events searching for real solutions.

The Green Climate Fund is important for implementing the Paris Agreement and for setting important standards for global climate finance. The financial viability of the fund, however, is by no means guaranteed. 

These graphics highlight the ten most noteworthy insights from joint effort by the Heinrich Böll Stiftung North America and the Overseas Development Institute (ODI) over the past year from monitoring climate finance on Climate Funds Update (CFU).