Status of the GCF portfolio: Approved projects and fulfilment of conditions

As of 31 December 2022, the GCF has approved 209 funding proposals totaling USD 11.4 billion, with 182 projects under implementation. The portfolio maintains a near-equal balance between mitigation (51%) and adaptation (49%) in grant equivalent terms. The Readiness Programme has approved 649 grants totaling USD 468 million. While cumulative disbursements for funded activities reached USD 3 billion, the GCF reports implementation delays primarily attributed to the COVID-19 pandemic and other operational challenges. The report also details the status of condition fulfillment for approved projects and identifies specific activities requiring restructuring or cancellation.

• As of 31 December 2022, the GCF portfolio consists of 209 approved projects with a total funding amount of USD 11.4 billion and USD 31.4 billion in mobilized co-financing.
• The GCF has achieved a nearly balanced allocation between mitigation and adaptation, with a ratio of 51:49 in grant equivalent terms as of 31 December 2022.
• The Readiness and Preparatory Support Programme approved 649 grants for 141 countries totaling USD 468 million by 31 December 2022, with USD 275 million disbursed.
• Of the 209 approved projects, 182 (87%) are under implementation, representing USD 9.2 billion in funding, with a cumulative disbursement of USD 3 billion as of 31 December 2022.
• The GCF has exceeded its target of allocating at least 50% of adaptation funding to vulnerable countries (LDCs, SIDS, and African States), with the current portfolio at 69% in grant equivalent terms.
• The Project Preparation Facility (PPF) has approved 57 funding and service applications totaling USD 38 million, benefiting 34 accredited entities.
• Implementation and disbursement have been hindered by the COVID-19 pandemic, leading to 244 no-cost extension requests for Readiness Programme grants and delays in funded activities.
• Funding through Direct Access Entities (DAEs) has increased from 12% of the initial resource mobilization (IRM) portfolio to 18% of the current portfolio.
• The Private Sector Facility accounts for 17% of the total portfolio in grant equivalent terms, with private sector projects mobilizing co-financing at 3.5 times the GCF funding level.
• Ten projects encountered significant implementation challenges between September and December 2022 that may necessitate restructuring or cancellation, including projects in Pakistan, Mauritius, Samoa, Burkina Faso, and Afghanistan.

APA

Green Climate Fund (2023). Status of the GCF portfolio: Approved projects and fulfilment of conditions. https://www.greenclimate.fund/sites/default/files/document/gcf-b35-inf11.pdf

Chicago

Green Climate Fund. Status of the GCF portfolio: Approved projects and fulfilment of conditions. 2023. https://www.greenclimate.fund/sites/default/files/document/gcf-b35-inf11.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Status of the GCF portfolio: Approved projects and fulfilment of conditions |date=22 February 2023 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b35-inf11.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023status, author = {{Green Climate Fund}}, title = {{Status of the GCF portfolio: Approved projects and fulfilment of conditions}}, institution = {Green Climate Fund}, year = {2023}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b35-inf11.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }