Readiness Strategy 2024–2027

The GCF Readiness Strategy 2024–2027 reorients capacity-building support by streamlining five previous objectives into three, with a significant shift in funding priority toward pipeline development. The strategy introduces a four-year planning cycle to replace annual caps, providing a total estimated budget of USD 501.5 million. It establishes two primary modalities: a country support modality offering up to USD 7 million per country (including specific allocations for NAPs and LDCs/SIDS) and a DAE support modality providing up to USD 1 million per entity to strengthen direct access programming.

• The GCF is shifting its financial focus toward pipeline development, aiming to increase the allocation of readiness resources for this purpose from under 10 per cent to 60 per cent of the portfolio to build a stronger programming base.
• The strategy streamlines five previous readiness objectives into three for the 2024–2027 period: (1) climate finance coordination and enabling environments (30% target), (2) paradigm-shifting pipeline development and implementation (60% target), and (3) knowledge-sharing and learning (10% target).
• A new 'country support modality' provides a total envelope of up to USD 7 million per country over four years, which includes USD 4 million for general capacity and programming, USD 0.32 million for LDCs/SIDS specific challenges, and USD 3 million for National Adaptation Plan (NAP) development.
• The 'DAE support modality' allows Direct Access Entities to access up to USD 1 million per entity over a four-year period to improve accreditation standards, programming capacities for concept notes and proposals, and reporting systems.
• To improve predictability and strategic planning, the GCF is eliminating the previous annual funding cap, encouraging countries to submit integrated readiness programme proposals for the four-year cycle.
• The total anticipated commitment for the 2024-2027 period is USD 501.5 million, consisting of USD 500 million in grant-based support (USD 437.5 million for countries and USD 62.5 million for DAEs) and USD 29.2 million for professional services and technical assistance, minus a remaining balance of USD 27.7 million.

APA

Green Climate Fund (2024). Readiness Strategy 2024–2027. https://www.greenclimate.fund/sites/default/files/document/readiness-strategy-2024-2027.pdf

Chicago

Green Climate Fund. Readiness Strategy 2024–2027. 2024. https://www.greenclimate.fund/sites/default/files/document/readiness-strategy-2024-2027.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Readiness Strategy 2024–2027 |date=2024 |url=https://www.greenclimate.fund/sites/default/files/document/readiness-strategy-2024-2027.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024readiness, author = {{Green Climate Fund}}, title = {{Readiness Strategy 2024–2027}}, institution = {Green Climate Fund}, year = {2024}, url = {https://www.greenclimate.fund/sites/default/files/document/readiness-strategy-2024-2027.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }