Report of the Ninth Meeting of the Board, 24–26 March 2015

The Green Climate Fund (GCF) Board met in March 2015 to finalize key operational frameworks. The Board accredited seven entities, including the Asian Development Bank and UNDP, and adopted a Gender Policy and Action Plan (2015–2017). It established financial terms for grants and concessional loans, including a distinction between high and low concessionality for the public sector. The Board also approved the terms of reference for an independent Technical Advisory Panel and a Policy on Ethics and Conflicts of Interest. Discussions continued on the Private Sector Facility and the Initial Resource Mobilization process, with a target for 50% of Berlin pledges to be signed by April 30, 2015.

• The Board accredited seven entities to the Fund: Centre de Suivi Ecologique, Peruvian Trust Fund for National Parks and Protected Areas, Secretariat of the Pacific Regional Environment Programme, Acumen Fund, Inc., Asian Development Bank, Kreditanstalt für Wiederaufbau, and the United Nations Development Programme.
• The Fund's commitment authority is set to become effective if 50% of contributions pledged at the November 2014 Pledging Conference are confirmed by executed agreements by April 30, 2015.
• The Board adopted a Gender Policy and Action Plan for 2015–2017, which includes a mandatory initial socioeconomic and gender assessment for projects to collect baseline data and design gender elements.
• Financial terms for public sector concessional loans are differentiated by concessionality level; high concessionality loans have a 40-year maturity and 0.00% interest, while low concessionality loans have a 20-year maturity and 0.75% interest.
• The Board decided that grants with repayment contingencies are limited to the private sector, with terms determined on a case-by-case basis.
• An initial investment framework was adopted, utilizing a scale of low, medium, or high to assess the relative expected performance of a subset of projects, with a scaling pilot automatically applying to all medium and large projects if no other subset is agreed upon by the tenth meeting.
• The Board established an independent Technical Advisory Panel (TAP) consisting of six members (three from developing and three from developed countries) to provide technical assessments of funding proposals, specifically those with a GCF portion of the investment cost of US$ 10 million or more.
• A Policy on Ethics and Conflicts of Interest for the Board was adopted, requiring members, alternate members, and advisers to sign a Declaration of Impartiality and Confidentiality.
• The Board established an ad hoc Appointment Committee to search for and select the heads of the Evaluation Unit, the Integrity Unit, and the Redress Mechanism.
• The Board agreed that members and alternate members whose terms expire on August 23, 2015, will continue their functions until successors are selected, but no later than December 31, 2015.

APA

Green Climate Fund (2015). Report of the Ninth Meeting of the Board, 24–26 March 2015. https://www.greenclimate.fund/sites/default/files/document/gcf-b09-24.pdf

Chicago

Green Climate Fund. Report of the Ninth Meeting of the Board, 24–26 March 2015. 2015. https://www.greenclimate.fund/sites/default/files/document/gcf-b09-24.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report of the Ninth Meeting of the Board, 24–26 March 2015 |date=27 August 2015 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b09-24.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2015report, author = {{Green Climate Fund}}, title = {{Report of the Ninth Meeting of the Board, 24–26 March 2015}}, institution = {Green Climate Fund}, year = {2015}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b09-24.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }