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Green Climate Fund (GCF)

The Green Climate Fund (GCF) was set up in 2010 and aims to promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change. The Green Climate Fund (GCF) is an operating entity of the Financial Mechanism of the UNFCCC and the Paris Agreement.

Within the GCF, funding is also available for project preparation activities and climate finance “readiness” (please see a separate entry on GCF readiness support). For project preparation support, the Project Preparation Facility (PPF) supports Accredited Entities (AEs) in project and programme preparation. It is especially targeted to support direct access entities, and micro-to-small size category projects.

A total of USD 40 million has been made available for the initial phase of the PPF, with each request subject to a cap of USD 1.5 million. Support will be commensurate to the funding proposal being developed, and to the activities in the PPF application. If approved, support is granted in the form of grants and repayable grants, while equity may be considered for private sector projects. Funding proposals developed with the PPF should be submitted to the GCF Board within two years of the approval of a PPF request.

Purpose of support 
Project and program implementation
Steps to access  

To receive money directly from the Green Climate Fund (GCF), entities need to be accredited as an “Accredited Entity.” See sections “Other eligibility criteria” and “Type of recipient” for more details. Note that entities that prefer to not apply for accreditation have the option of partnering with an institution that is already accredited.

One distinct feature of the GCF is the accreditation of national entities or entities operating regionally in developing countries as Direct Access entities. National and Regional Accredited Entities fall under the Green Climate Fund’s Direct Access modality, which enables entities to directly access financing and manage all aspects of climate change mitigation and adaptation projects, from design through implementation, to monitoring and evaluation. Direct Access allows developing countries to strengthen capacity to adapt to climate change and build on local expertise.

Click on each step to see a detailed description and relevant materials (templates, guidance, etc.). For more information visit the Green Climate Fund Website. For a list of Accredited Entities can be found here.

1
Decide Method of Access
2
Apply for project preparation support (optional)
3
Submit a concept note (optional)
4
Prepare a funding proposal or respond to request for proposal
5
Obtain Board approval
6
Set up legal arrangements
7
Project or Program implementation
Climate objective 
Adaptation, Mitigation, Cross-cutting
Sectors and themes 
Agriculture, Ecosystem adaptation, Energy efficiency, Forestry and Land-Use, Industry and Infrastructure, Renewable Energy, Rural, Transportation, Urban, Waste management, Oceans and Coastal Resources, Disaster risk reduction, Health, Gender, Jobs and Livelihoods, Poverty, Water
Type of support provider 
Multilateral
Type of recipient 
Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level, Private sector, Non-profit or civil society organization, Community-level organization, International organization, Other
Fund size 

Cumulative pledged funding: USD 10.3 billion (as of September 2016). Initial resource mobilization period lasts from 2015 to 2018.

Co-financing required 
No
Application timeframe 

On a rolling basis.

Trustee or administrator 
World Bank
Contact information 
https://www.greenclimate.fund