GCF

Green Climate Fund. At COP16 in Cancun in 2010, governments established the Green Climate Fund as an operating entity of the financial mechanism of the Convention under Article 11. The GCF supports projects, programmes, policies and other activities in developing countries that will limit or reduce GHG emissions and contribute to adaptation. The GCF takes into account the needs of those developing countries particularly vulnerable to the adverse impacts of climate change, and plays a key role in channelling new, additional, adequate and predictable financial resources to developing countries. The GCF catalyses climate finance, both public and private, and at the international and national levels.