Current GCF approach to financing for forests and alternative approaches

The GCF has approved USD 2.73 billion in forest finance, split between REDD+ (USD 851.1 million) and JMA (USD 1.73 billion). The report highlights that these two approaches are complementary, with significant overlap in readiness and implementation phases. The GCF aims to leverage both public and private finance to scale up deforestation-free supply chains and high-quality carbon credits.

• As of June 2022, the GCF's total forest finance is USD 2.73 billion, which comprises forest-related readiness finance (USD 104.8 million), finance from the forests and land-use result area (USD 1.48 billion), and the adaptation portion of those projects (USD 1.14 billion).
• The GCF has approved USD 851.1 million for REDD+ activities across three phases: readiness (USD 47.3 million), implementation (USD 307.1 million), and results-based payments (USD 496.7 million).
• Joint mitigation and adaptation (JMA) finance totals USD 1.73 billion, representing 16.6 per cent of the GCF's entire portfolio. This includes USD 104.8 million from readiness and USD 1.63 billion in ex-ante cross-cutting public forest finance from the regular project cycle.
• REDD+ and JMA approaches are complementary rather than mutually exclusive, with significant financial overlap in the Readiness Programme (USD 47.3 million) and specific projects such as FP116, FP137, SAP014, and SAP019 (USD 80.1 million).
• The GCF is working to crowd-in private finance to scale deforestation-free supply chains for commodities including beef, palm oil, soy, cocoa, coffee, and timber, particularly to meet import requirements in the EU, UK, and US.
• The GCF intends to support developing countries in generating high-quality green and blue carbon credits to meet growing demand in voluntary and compliance carbon markets.
• The Amazon Bioeconomy Fund, with a GCF investment of USD 279 million, targets six bioeconomy areas across Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname to mitigate 123 million tonnes of CO2 equivalent over 20 years.

APA

Green Climate Fund (2022). Current GCF approach to financing for forests and alternative approaches. https://www.greenclimate.fund/sites/default/files/document/gcf-b33-inf07.pdf

Chicago

Green Climate Fund. Current GCF approach to financing for forests and alternative approaches. 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b33-inf07.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Current GCF approach to financing for forests and alternative approaches |date=24 June 2022 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b33-inf07.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2022current, author = {{Green Climate Fund}}, title = {{Current GCF approach to financing for forests and alternative approaches}}, institution = {Green Climate Fund}, year = {2022}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b33-inf07.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }