Report on the outcomes of GCF’s second formal replenishment

The GCF's second formal replenishment (GCF-2) resulted in total pledges of USD 9.322 billion from 25 contributors. A High-Level Pledging Conference held in Bonn, Germany, on 5 October 2023, served as the primary venue for these announcements. The process saw 72% of contributors increase their pledges relative to the first replenishment (GCF-1), with some countries doubling their contributions. The GCF's commitment authority for GCF-2 became effective during the conference after Austria, Germany, and Monaco signed contribution agreements, surpassing the required 25% effectiveness threshold.

• The second formal replenishment (GCF-2) secured a total of USD 9.322 billion in pledges, which includes credits earned from early payment or encashment.
• A total of 25 contributors made pledges for GCF-2. Among these, 18 contributors (72%) increased their pledges in domestic currencies compared to GCF-1 levels; three countries doubled or more than doubled their pledges, and six others increased them by 50% or more.
• The GCF-2 commitment authority became effective during the High-Level Pledging Conference on 5 October 2023, after Austria, Germany, and Monaco signed contribution agreements, meeting the 25% effectiveness threshold required to allocate resources.
• The replenishment process included the approval or notation of three key documents: the Second Performance Review of the Green Climate Fund: Final Report, the Strategic Plan for the Green Climate Fund 2024–2027, and an updated Policy for contributions.
• The GCF-2 process expanded its contributor base to include one new contributor (Israel), two returning contributors from the Initial Resource Mobilization (Czechia and Mongolia), and three non-Annex I Parties to the UNFCCC (Israel, Mongolia, and Republic of Korea).

APA

Green Climate Fund (2023). Report on the outcomes of GCF’s second formal replenishment. https://www.greenclimate.fund/sites/default/files/document/14-report-outcomes-gcf-s-second-formal-replenishment-gcf-b37-16-rev01.pdf

Chicago

Green Climate Fund. Report on the outcomes of GCF’s second formal replenishment. 2023. https://www.greenclimate.fund/sites/default/files/document/14-report-outcomes-gcf-s-second-formal-replenishment-gcf-b37-16-rev01.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the outcomes of GCF’s second formal replenishment |date=22 October 2023 |url=https://www.greenclimate.fund/sites/default/files/document/14-report-outcomes-gcf-s-second-formal-replenishment-gcf-b37-16-rev01.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023report, author = {{Green Climate Fund}}, title = {{Report on the outcomes of GCF’s second formal replenishment}}, institution = {Green Climate Fund}, year = {2023}, month = oct, url = {https://www.greenclimate.fund/sites/default/files/document/14-report-outcomes-gcf-s-second-formal-replenishment-gcf-b37-16-rev01.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }