Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change

The GCF's fifteenth annual report highlights a record year of programming with USD 3.26 billion approved in 2025 and a total portfolio exceeding USD 20 billion. Key institutional shifts include the establishment of regional offices in Panama City, Amman, Nairobi, Abidjan, and Suva to enhance country ownership and access. The Fund reports a near-parity balance between adaptation and mitigation in nominal terms, with 59.24% of the portfolio in grant equivalent terms dedicated to adaptation. Significant progress was made in private sector engagement, reaching a cumulative USD 7.21 billion. The report also details the 'Efficient GCF' initiative to reduce project appraisal times to nine months or less and the operationalization of a revised accreditation framework.

• The GCF portfolio has surpassed USD 20 billion in approved funding, encompassing 354 projects and programmes across 134 countries, with a total portfolio value of USD 80 billion including co-financing.
• The GCF is transitioning to a regional delivery model with new offices in Panama City (Latin America and the Caribbean), Amman (Eastern Europe, Central Asia and the Middle East), Nairobi (East and Southern Africa), Abidjan (Central, North and West Africa), and a sub-regional office in Suva (Pacific).
• In 2025, the GCF approved a record USD 3.26 billion, with the B.43 meeting in October 2025 approving the highest single-meeting amount of USD 1.332 billion.
• The GCF maintains a near-parity balance between adaptation and mitigation in nominal terms (49.8% adaptation and 50.2% mitigation), while adaptation accounts for 59.24% of the portfolio in grant equivalent terms.
• Adaptation finance is heavily targeted toward the most vulnerable, with 62.3% in nominal terms and 65.7% in grant equivalent terms channelled to African States, Least Developed Countries (LDCs), and Small Island Developing States (SIDS).
• The private sector portfolio has reached a cumulative USD 7.21 billion, mobilizing an additional USD 21.54 billion in co-financing.
• Under the 'Efficient GCF' initiative, the Secretariat aims to complete project appraisals from concept to full proposal within nine months or less; feedback on concept notes now takes less than two months on average.
• The revised accreditation framework became operational on 31 October 2025, and the Fund has seen growth in Direct Access Entities (DAEs), with new national DAEs in Kazakhstan, the State of Palestine, Trinidad and Tobago, Tunisia, and Vanuatu.
• The Project Specific Assessment Approach (PSAA) pilot now includes 12 funding proposals representing USD 632.5 million in GCF financing, with 63% of 138 applicant submissions coming from national and regional entities in developing countries.
• The GCF has approved 144 adaptation planning proposals from 121 countries, and 83% of countries that submitted National Adaptation Plans (NAPs) to the UNFCCC have received GCF readiness or planning support.
• The GCF's second replenishment (GCF-2) pledges stood at USD 10.64 billion from 35 contributors as of 31 March 2026, with confirmed amounts totaling approximately USD 10.01 billion.
• The GCF launched a Locally Led Climate Action framework at COP 30 to devolve decision-making and finance to the local level, resulting in six approved funding proposals during the reporting period.
• The GCF has signed 33 bilateral agreements on privileges and immunities as of 31 March 2026, in addition to its headquarters agreement with the Republic of Korea.

APA

Green Climate Fund (2026). Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change. https://www.greenclimate.fund/sites/default/files/documents/2026-06/13-fifteenth-report-gcf-cop-unfccc-gcfb4515rev01.pdf

Chicago

Green Climate Fund. Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change. 2026. https://www.greenclimate.fund/sites/default/files/documents/2026-06/13-fifteenth-report-gcf-cop-unfccc-gcfb4515rev01.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change |date=20 June 2026 |url=https://www.greenclimate.fund/sites/default/files/documents/2026-06/13-fifteenth-report-gcf-cop-unfccc-gcfb4515rev01.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2026fifteenth, author = {{Green Climate Fund}}, title = {{Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change}}, institution = {Green Climate Fund}, year = {2026}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/documents/2026-06/13-fifteenth-report-gcf-cop-unfccc-gcfb4515rev01.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }