Report on 9th Meeting of the Green Climate Fund (GCF) Board Summary

The 9th GCF Board meeting resulted in the accreditation of the first seven implementing entities and the adoption of an initial investment framework to screen project proposals. However, civil society criticized the accreditation process for a lack of transparency and the Board's failure to explicitly exclude fossil fuel projects from funding. The Fund faces a critical deadline of 30 April 2015 to secure the remaining US$4.5 billion in pledged contributions to become officially effective, with only about 1 per cent legally committed as of the report's date.

• The GCF Board accredited its first seven implementing entities (IEs), consisting of two national, two regional, and three international entities, to enable the submission of funding proposals.
• The accredited entities include the Centre de Suivi Ecologique (Senegal), Peruvian Trust Fund for National Parks and Protected Areas (PROFONANPE), Secretariat of the Pacific Regional Environment Programme (SPREP), Acumen Fund, Inc., Asian Development Bank (ADB), German Development Bank - KfW, and the United Nations Development Programme (UNDP).
• Civil society criticized the accreditation process for lacking transparency, specifically citing the non-disclosure of applicant identities and the assessment process, which deviates from best practices like those of the Adaptation Fund.
• The Board adopted an initial investment framework and a scaling system (low/medium/high) to assess project performance, though it did not agree to an exclusion list for coal power or fossil fuel projects despite civil society pressure.
• The GCF requires an additional US$4.5 billion in signed contributions by 30 April 2015 to become officially effective, as only about 1 per cent of pledges from the November 2014 session have been legally committed.
• Discussions on a pilot phase for Enhanced Direct Access (EDA), which aimed to devolve decision-making to national or subnational levels with a proposed US$ 100 million for five pilots, were deferred to the 10th Board Meeting.

APA

Carbon Market Watch (n.d.). Report on 9th Meeting of the Green Climate Fund (GCF) Board Summary. https://carbonmarketwatch.org/wp-content/uploads/2015/04/Report-on-9th-Meeting-of-the-Green-Climate-Fund_final.pdf

Chicago

Carbon Market Watch. Report on 9th Meeting of the Green Climate Fund (GCF) Board Summary. n.d. https://carbonmarketwatch.org/wp-content/uploads/2015/04/Report-on-9th-Meeting-of-the-Green-Climate-Fund_final.pdf.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Report on 9th Meeting of the Green Climate Fund (GCF) Board Summary |url=https://carbonmarketwatch.org/wp-content/uploads/2015/04/Report-on-9th-Meeting-of-the-Green-Climate-Fund_final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatchndreport, author = {{Carbon Market Watch}}, title = {{Report on 9th Meeting of the Green Climate Fund (GCF) Board Summary}}, institution = {Carbon Market Watch}, url = {https://carbonmarketwatch.org/wp-content/uploads/2015/04/Report-on-9th-Meeting-of-the-Green-Climate-Fund_final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }