Report of the thirty-ninth meeting of the Board, 15  18 July 2024

The GCF Board approved 17 funding proposals totaling over USD 1 billion and accredited several new entities. Key discussions centered on the 'Partnerships and Access Strategy', a joint action plan for complementarity and coherence with other multilateral climate funds, and the restructuring of the GCF Secretariat to enhance regional presence and operational efficiency.

• The Board approved 17 funding proposals with a total GCF funding request of USD 1,026.2 million and a total value of USD 5,669.1 million including co-financing.
• The Board adopted the 'Principles for mainstreaming REDD+ results-based payments', which include a carbon price set between USD 6.35 and USD 8 per tonne of CO2 equivalent.
• The GCF is pursuing a restructuring of its Secretariat to include regional departments to improve country-driven processes and enhance regional presence, though some Board members expressed concerns over the associated overhead costs.
• The Board took note of a joint 'Action Plan on Complementarity and Coherence' developed with the Adaptation Fund, Climate Investment Funds, and Global Environment Facility to streamline access and harmonize procedures.
• The Board took note of the 'Partnerships and Access Strategy', a high-level guiding document intended to improve access to GCF resources and reform the accreditation framework.
• The GCF's total assets as of 31 December 2023 were USD 14.3 billion, with net assets increasing by 24% over 2022, primarily due to cash inflows from contributors.
• The Board commissioned a broader review of the function, governance, and role of the independent Technical Advisory Panel (iTAP) to ensure it remains fit-for-purpose under the updated Strategic Plan 2024–2027.
• The Board approved the appointment of Deloitte & Touche LLP as the External Auditor for the years 2024 through 2026.

APA

Green Climate Fund (2024). Report of the thirty-ninth meeting of the Board, 15  18 July 2024. https://www.greenclimate.fund/sites/default/files/document/report-thirty-ninth-meeting-board-15-18-july-2024-gcf-b39-20.pdf

Chicago

Green Climate Fund. Report of the thirty-ninth meeting of the Board, 15  18 July 2024. 2024. https://www.greenclimate.fund/sites/default/files/document/report-thirty-ninth-meeting-board-15-18-july-2024-gcf-b39-20.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report of the thirty-ninth meeting of the Board, 15  18 July 2024 |date=15 October 2024 |url=https://www.greenclimate.fund/sites/default/files/document/report-thirty-ninth-meeting-board-15-18-july-2024-gcf-b39-20.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024report, author = {{Green Climate Fund}}, title = {{Report of the thirty-ninth meeting of the Board, 15  18 July 2024}}, institution = {Green Climate Fund}, year = {2024}, month = oct, url = {https://www.greenclimate.fund/sites/default/files/document/report-thirty-ninth-meeting-board-15-18-july-2024-gcf-b39-20.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }