Report on the activities of the Secretariat

The GCF Secretariat report details progress on its 2024 work programme, highlighting a new organizational structure launched on 9 September 2024 to improve investment efficiency and country ownership. Key achievements include the approval of 28 funding proposals for USD 1.5 billion and the operationalization of the 2024–2027 Readiness Strategy. The Secretariat is implementing the "Efficient GCF" initiative to reduce project review times and is developing a revised accreditation framework to simplify access. While programming targets are on track, challenges persist in private sector pipeline development and the procurement of no-objection letters.

• The GCF Secretariat launched a new organizational structure on 9 September 2024 to enhance investment efficiency and reduce global greenhouse gas emissions. The structure aims to strengthen country ownership by vertically integrating operations across four regional teams and scaling up corporate services, finance, and risk management.
• The Secretariat is on track to meet the high end of its 2024 programming targets, having approved 28 funding proposals for USD 1.5 billion at B.38/B.39 and submitted 18 further proposals totaling USD 1,050 million to the independent Technical Advisory Panel (iTAP) for B.40.
• Under the "Efficient GCF" initiative, the Secretariat is streamlining processes to reduce the review time for new concept notes to six weeks or less and aims to complete funding proposal appraisals within six months of receipt.
• The 2024–2027 Readiness Strategy is now operational, with country, Direct Access Entity (DAE), and placement modalities launched. The Secretariat is also implementing a DAE Action Plan to double the number of DAEs with approved funding proposals through handholding support and workshops.
• The Secretariat is developing a revised policy framework for accreditation to be presented at B.40, which intends to simplify and accelerate access by focusing on the core function of identifying partners fit to manage funds for developing countries.
• Operational efficiency in disbursements has improved, with the average processing time reduced from 51 days in May 2023 to 20 days, despite a 40 per cent increase in disbursement requests.
• The Secretariat identified significant barriers in private sector pipeline development, specifically the difficulty of obtaining no-objection letters from countries, which may hinder the achievement of private sector targets.
• The Secretariat is advancing a data vision and roadmap to establish the GCF as a global hub for climate finance data, and the first phase of its Enterprise Resource Planning System went live on 7 August 2024.

APA

Green Climate Fund (2024). Report on the activities of the Secretariat. https://www.greenclimate.fund/sites/default/files/document/05-report-activities-secretariat-gcf-b40-inf13.pdf

Chicago

Green Climate Fund. Report on the activities of the Secretariat. 2024. https://www.greenclimate.fund/sites/default/files/document/05-report-activities-secretariat-gcf-b40-inf13.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the activities of the Secretariat |date=4 October 2024 |url=https://www.greenclimate.fund/sites/default/files/document/05-report-activities-secretariat-gcf-b40-inf13.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024report, author = {{Green Climate Fund}}, title = {{Report on the activities of the Secretariat}}, institution = {Green Climate Fund}, year = {2024}, month = oct, url = {https://www.greenclimate.fund/sites/default/files/document/05-report-activities-secretariat-gcf-b40-inf13.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }