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The document outlines the GCF's investment criteria indicators, which serve as guidance for Accredited Entities, the Technical Advisory Panel, and the Board. These indicators are not binary filters for approval but tools to describe how proposals meet investment criteria while considering national circumstances. Key criteria include impact potential (mitigation and adaptation), paradigm shift potential, sustainable development potential, beneficiary needs, national ownership, and efficiency and effectiveness.

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  • The investment criteria indicators are designed to provide guidance to the GCF Board, the independent Technical Advisory Panel (TAP), the Secretariat, and Accredited Entities (AEs) to improve the clarity, consistency, and transparency of funding proposals.
  • The indicators are not used as binary tests or single thresholds for approving or rejecting proposals; instead, they help AEs describe the extent to which a proposal meets investment criteria, accounting for the specific national circumstances of developing countries.
  • Impact potential is measured differently for mitigation and adaptation: mitigation focuses on emission reductions in tonnes of carbon dioxide equivalent, while adaptation focuses on changes in loss of life, physical assets, livelihoods, or environmental and social losses, as well as the number of direct and indirect beneficiaries.
  • To demonstrate sustainable development potential, proposals must indicate at least one positive co-benefit with indicators and targets in at least two of four areas: economic (e.g., job creation), social (e.g., health and safety), environmental (e.g., biodiversity), or women's empowerment.
  • National ownership is assessed through the alignment of proposed activities with a country's Nationally Determined Contributions (NDCs), relevant national plans, and the engagement of designated national authorities.

Cite the original document

APA
Green Climate Fund (n.d.). Indicadores de criterios de inversión. https://www.greenclimate.fund/sites/default/files/document/es-investment-criteria-indicators.pdf
Chicago
Green Climate Fund. Indicadores de criterios de inversión. n.d. https://www.greenclimate.fund/sites/default/files/document/es-investment-criteria-indicators.pdf.
Wikipedia
{{cite report |author=Green Climate Fund |title=Indicadores de criterios de inversión |url=https://www.greenclimate.fund/sites/default/files/document/es-investment-criteria-indicators.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{greenclimatefundndindicadores, author = {{Green Climate Fund}}, title = {{Indicadores de criterios de inversión}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/document/es-investment-criteria-indicators.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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