Summary Report of the 11th Board meeting of the Green Climate Fund (GCF) Board 2-5 November, Livingstone, Zambia

The 11th GCF Board meeting resulted in the approval of the first eight funding proposals totaling USD 168 million for projects in Africa, Asia-Pacific, and Latin America. The Board adopted a monitoring and accountability framework for accredited entities, including a fee policy for public sector projects (7-10%) and a five-year re-accreditation cycle. While USD 10.2 billion has been pledged to the Fund, only USD 5.83 billion has been signed, with 14 countries yet to finalize contribution agreements. Additionally, the Board approved USD 14 million for readiness support and agreed to develop a strategic plan to be considered at the 12th meeting.

• The GCF Board approved its first eight funding proposals, totaling USD 168 million, with the first seven approved contingent on specific conditions and recommendations. These projects are located in Africa, Asia-Pacific, and Latin America, consisting of six public sector proposals (USD 121 million) and two private-sector proposals (USD 47 million).
• The Board adopted a monitoring and accountability framework for accredited entities, which includes a requirement for re-accreditation every five years based on the entity's overall portfolio, including potential investments in high GHG emission technologies like fossil fuels.
• An interim policy on fees for accredited entities was established, setting fees for public sector projects and programmes between 7% and 10% depending on the size of the activity.
• Resource mobilization is progressing slowly; of the USD 10.2 billion pledged, only USD 5.83 billion has been signed. Fourteen countries, including the US, France, and Canada, have not yet signed contribution agreements for all or part of their pledges.
• The Board approved an additional USD 14 million for readiness and preparatory support to strengthen national designated authorities (NDAs) and focal points, following reports that 17 countries had already received USD 4.6 million in such support.
• The Board agreed to create a strategic plan to operationalize the GCF's governing instrument and clarify its future role, with an ad hoc group of six members overseeing the draft to be considered at the 12th meeting.

APA

Carbon Market Watch (n.d.). Summary Report of the 11th Board meeting of the Green Climate Fund (GCF) Board 2-5 November, Livingstone, Zambia. https://carbonmarketwatch.org/wp-content/uploads/2015/11/Report-on-the-11th-meeting-of-the-GCF-Board_final.pdf

Chicago

Carbon Market Watch. Summary Report of the 11th Board meeting of the Green Climate Fund (GCF) Board 2-5 November, Livingstone, Zambia. n.d. https://carbonmarketwatch.org/wp-content/uploads/2015/11/Report-on-the-11th-meeting-of-the-GCF-Board_final.pdf.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Summary Report of the 11th Board meeting of the Green Climate Fund (GCF) Board 2-5 November, Livingstone, Zambia |url=https://carbonmarketwatch.org/wp-content/uploads/2015/11/Report-on-the-11th-meeting-of-the-GCF-Board_final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatchndsummary, author = {{Carbon Market Watch}}, title = {{Summary Report of the 11th Board meeting of the Green Climate Fund (GCF) Board 2-5 November, Livingstone, Zambia}}, institution = {Carbon Market Watch}, url = {https://carbonmarketwatch.org/wp-content/uploads/2015/11/Report-on-the-11th-meeting-of-the-GCF-Board_final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }