ED’s remarks at Interactive Dialogue - Access to Climate Finance: Building on the Outcomes of UNFCCC COP 28

The Green Climate Fund (GCF) has committed USD 1.6 billion to Small Island Developing States (SIDS) and provided over USD 200 million in grant resources through its Readiness Programme. The GCF prioritizes the most vulnerable, including high-income SIDS based on vulnerability rather than income. While the GCF works with over 40 national entities in SIDS, the Executive Director admits that current modalities for simplifying access are insufficient and describes the difficulty of accessing finance as a systemic issue across multiple institutions.

• The Green Climate Fund has committed USD 1.6 billion to Small Island Developing States (SIDS) across the Pacific, Caribbean, African, and Indian Oceans.
• Through its Readiness Programme, which focuses on building capacity and enhancing policies and strategies, SIDS have received more than USD 200 million in grant resources, representing one third of the programme's resources.
• The GCF allows high-income or upper-middle-income SIDS to access concessional finance based on their vulnerability, adhering to a Board mandate to prioritize the most vulnerable for adaptation resources, which must constitute half of the fund's resources.
• The GCF collaborates with over 40 national entities in SIDS, including the Development Bank of Jamaica and the Development Bank of Fiji, and is supporting Barbados in establishing the Blue Green Bank of Barbados.
• The Executive Director identifies the simplification of access to finance as a systemic issue pervasive across many financial institutions and suggests the creation of a task force to determine what requirements and processes can be compromised to create tailored modalities for SIDS.

APA

Green Climate Fund (2024). ED’s remarks at Interactive Dialogue - Access to Climate Finance: Building on the Outcomes of UNFCCC COP 28. https://www.greenclimate.fund/about/news-and-updates/ed-s-remarks-interactive-dialogue-access-climate-finance-building-outcomes-unfccc-cop-28

Chicago

Green Climate Fund. ED’s remarks at Interactive Dialogue - Access to Climate Finance: Building on the Outcomes of UNFCCC COP 28. 2024. https://www.greenclimate.fund/about/news-and-updates/ed-s-remarks-interactive-dialogue-access-climate-finance-building-outcomes-unfccc-cop-28.

Wikipedia

{{cite press release |author=Green Climate Fund |title=ED’s remarks at Interactive Dialogue - Access to Climate Finance: Building on the Outcomes of UNFCCC COP 28 |date=29 May 2024 |url=https://www.greenclimate.fund/about/news-and-updates/ed-s-remarks-interactive-dialogue-access-climate-finance-building-outcomes-unfccc-cop-28 |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{greenclimatefund2024eds, author = {{Green Climate Fund}}, title = {{ED’s remarks at Interactive Dialogue - Access to Climate Finance: Building on the Outcomes of UNFCCC COP 28}}, publisher = {Green Climate Fund}, year = {2024}, month = may, url = {https://www.greenclimate.fund/about/news-and-updates/ed-s-remarks-interactive-dialogue-access-climate-finance-building-outcomes-unfccc-cop-28}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }