Report on the activities of the Secretariat

The GCF Secretariat report for the first trimester of 2021 highlights a record funding approval of USD 1.2 billion at a single Board meeting (B.28) and a portfolio implementation rate of 73%. Key priorities include the 'DAE Action Plan' to increase funding for Direct Access Entities, the development of a Private Sector Strategy to catalyze adaptation finance, and the implementation of the 'GCF People Plan' to enhance institutional capacity. The report also details a long-term vision for collaboration with the Global Environment Facility (GEF) and efforts to secure privileges and immunities through a potential relationship with the United Nations.

• The GCF achieved its largest single-meeting funding approval in history at the twenty-eighth meeting of the Board (B.28), totaling USD 1.2 billion across 15 funding proposals.
• As of 30 April 2021, 73% of the GCF portfolio is under implementation, involving 126 projects valued at USD 5.5 billion across 112 countries.
• Cumulative disbursements for 2021 are expected to reach USD 2.2–2.7 billion, exceeding the original work programme target of USD 1.8–2.1 billion.
• The Secretariat is implementing a 'DAE Action Plan' to address the imbalance in the Direct Access Entity (DAE) portfolio, where adaptation projects currently account for only 18.4% of volume compared to 68.2% for mitigation.
• A new Private Sector Strategy is being developed to increase the mobilization of private finance, specifically targeting adaptation and nature-based solutions to avoid increasing sovereign debt in LDCs and SIDS.
• The GCF and the Global Environment Facility (GEF) have established a long-term vision for complementarity, including coordinated support for major initiatives such as the Great Green Wall and Amazon landscape initiatives.
• The Secretariat is seeking 'specialized agency status' with the United Nations to resolve a coverage gap in privileges and immunities, as it currently disburses USD 1.5 billion in 89 countries where it lacks such protections.
• The 'GCF People Plan' has resulted in a 26% reduction in the average time to fill vacancies, with an overall staff fill ratio of 82% as of 30 April 2021.
• The Secretariat has introduced service standards for client-facing processes, achieving a 100% success rate for PPF application feedback within the 21-day target.
• The GCF has approved 62 adaptation planning proposals since 2016, totaling USD 148.99 million, with USD 63.78 million disbursed as of April 2021.

APA

Green Climate Fund (2021). Report on the activities of the Secretariat. https://www.greenclimate.fund/sites/default/files/document/gcf-b29-inf07.pdf

Chicago

Green Climate Fund. Report on the activities of the Secretariat. 2021. https://www.greenclimate.fund/sites/default/files/document/gcf-b29-inf07.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the activities of the Secretariat |date=7 June 2021 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b29-inf07.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2021report, author = {{Green Climate Fund}}, title = {{Report on the activities of the Secretariat}}, institution = {Green Climate Fund}, year = {2021}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b29-inf07.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }