THE MULTILATERAL CLIMATE FUNDS ACTION PLAN ON COMPLEMENTARITY AND COHERENCE

The Multilateral Climate Funds (MCFs)—comprising the Adaptation Fund, Climate Investment Funds, Global Environment Facility, and Green Climate Fund—have developed a consultation draft action plan to coordinate their efforts. The plan focuses on five key areas: clarifying investment profiles and harmonizing processes, coordinating capacity building and programming, improving knowledge exchange and communications, engaging with the broader international financial architecture, and establishing a formal coordination mechanism. The MCFs aim to move from individual operations toward a system-wide approach, with specific milestones set for COP29, 2026, and beyond.

• The four Multilateral Climate Funds (MCFs) have collectively provided over US$47 billion for climate and sustainability action and leveraged more than US$240 billion in co-financing.
• The MCFs have distinct mandates: the Adaptation Fund focuses on local-level adaptation and direct access; the Climate Investment Funds use a programmatic model via Multilateral Development Banks; the Global Environment Facility addresses biodiversity, climate, and pollution; and the Green Climate Fund fosters paradigm shifts toward low-emission, resilient development.
• To simplify access to finance, the MCFs will develop a mapping matrix of operational and programming cycles by COP29 and a joint publication comparing their investment profiles by 2026.
• The funds plan to harmonize results indicators and accreditation processes, with the Adaptation Fund, Green Climate Fund, and Global Environment Facility specifically examining opportunities to simplify accreditation/reaccreditation by 2026.
• Capacity building efforts will be coordinated to support country-owned investment plans and national strategies, including Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs), and Long-Term Strategies (LTS).
• The MCFs intend to launch a joint project explorer platform by 2026 to increase transparency and access to information regarding their projects.
• The action plan establishes a formal governance structure consisting of a Heads of MCFs Committee for strategic oversight, a Task Force for implementation coordination, and specialized working groups.

APA

Green Climate Fund (2024). THE MULTILATERAL CLIMATE FUNDS ACTION PLAN ON COMPLEMENTARITY AND COHERENCE. https://www.greenclimate.fund/sites/default/files/decision/b39/decision-b39-15-b39-a05.pdf

Chicago

Green Climate Fund. THE MULTILATERAL CLIMATE FUNDS ACTION PLAN ON COMPLEMENTARITY AND COHERENCE. 2024. https://www.greenclimate.fund/sites/default/files/decision/b39/decision-b39-15-b39-a05.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=THE MULTILATERAL CLIMATE FUNDS ACTION PLAN ON COMPLEMENTARITY AND COHERENCE |date=May 2024 |url=https://www.greenclimate.fund/sites/default/files/decision/b39/decision-b39-15-b39-a05.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024multilateral, author = {{Green Climate Fund}}, title = {{THE MULTILATERAL CLIMATE FUNDS ACTION PLAN ON COMPLEMENTARITY AND COHERENCE}}, institution = {Green Climate Fund}, year = {2024}, month = may, url = {https://www.greenclimate.fund/sites/default/files/decision/b39/decision-b39-15-b39-a05.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }