GLF–Luxembourg Finance for Nature: What comes next?​

Green Climate Fund

The Green Climate Fund (GCF) is the world’s largest dedicated climate fund. GCF’s mandate is to foster a paradigm shift towards low-emission, climate-resilient development pathways in developing countries. GCF has a portfolio of USD 11.4 billion (USD 42.8 billion including co-financing) delivering transformative climate action in more than 120 countries. It also has a Readiness support programme that builds capacity and helps countries develop long-term plans to fight climate change. GCF is an operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and serves the 2015 Paris Agreement, supporting the goal of keeping average global temperature rise well below 2°C.

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