Summary of Board decisions necessary to guide decisions relevant to the first formal replenishment of the Green Climate Fund

The document outlines the regulatory and operational framework established by the GCF Board to transition from initial resource mobilization to its first formal replenishment. It details the criteria for receiving financial inputs, the 50:50 balance target between mitigation and adaptation, the Initial Investment Framework, and the roles of the Secretariat, Trustee, and independent units. Key operational priorities for 2015–2018 focused on scaling investments and maximizing impact while ensuring country ownership and private sector engagement.

• The first formal replenishment process was triggered when cumulative funding approvals reached USD 5.5 billion, with the Board aiming to conclude the process by October 2019.
• The GCF's initial resource allocation strategy aims for a 50:50 balance between mitigation and adaptation over time, with a minimum of 50% of the adaptation allocation dedicated to particularly vulnerable countries, including African States, Least Developed Countries (LDCs), and Small Island Developing States (SIDS).
• The Initial Investment Framework assesses funding proposals based on six criteria: impact potential, paradigm shift potential, sustainable development potential, needs of the recipient country, country ownership, and efficiency and effectiveness.
• The GCF established a scaling pilot to categorize proposals by size: micro (up to USD 10 million), small (USD 10 million to USD 50 million), medium (USD 50 million to USD 250 million), and large (above USD 250 million).
• The Readiness and Preparatory Support Programme has been allocated USD 190 million, with a general cap of USD 1 million per country per calendar year, though up to USD 3 million additional funding is permitted for national adaptation plans.
• The GCF has implemented several pilot programs, including a USD 200 million pilot for enhancing direct access, a USD 200 million MSME pilot, a USD 500 million pilot for mobilizing resources at scale, and a USD 500 million pilot for REDD-plus results-based payments.
• Governance is managed through a Secretariat, a Trustee (the World Bank), and three independent units (evaluation, integrity, and redress), with the administrative budget for the Secretariat and Board totaling USD 222.9 million between 2013 and 2019.

APA

Green Climate Fund (n.d.). Summary of Board decisions necessary to guide decisions relevant to the first formal replenishment of the Green Climate Fund. https://www.greenclimate.fund/sites/default/files/page/summary-decisions-guide-replenishment.pdf

Chicago

Green Climate Fund. Summary of Board decisions necessary to guide decisions relevant to the first formal replenishment of the Green Climate Fund. n.d. https://www.greenclimate.fund/sites/default/files/page/summary-decisions-guide-replenishment.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Summary of Board decisions necessary to guide decisions relevant to the first formal replenishment of the Green Climate Fund |url=https://www.greenclimate.fund/sites/default/files/page/summary-decisions-guide-replenishment.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndsummary, author = {{Green Climate Fund}}, title = {{Summary of Board decisions necessary to guide decisions relevant to the first formal replenishment of the Green Climate Fund}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/page/summary-decisions-guide-replenishment.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }