23rd Meeting of the Board of the Green Climate Fund Summary of the Outcomes

At its 23rd meeting, the GCF Board approved 10 new projects totaling USD 266.90 million in GCF funding, which, with co-financing, will support over USD 1.45 billion in climate action across 10 developing countries. The Board adopted several key governance frameworks, including a compliance risk policy, an updated policy on the prevention of sexual exploitation, abuse and harassment (SEAH), and procedures for decision-making when consensus is not reached. Additionally, the Board established that the first replenishment period will run from 1 January 2020 to 31 December 2023 and approved four new Accredited Entities.

• The GCF Board approved 10 new projects and programmes with a total GCF funding amount of USD 266.90 million. These projects, including co-financing, will provide over USD 1.45 billion for climate mitigation and adaptation in 10 developing countries, aiming to offset over 52.3 million tonnes of CO2eq and reach 37.6 million beneficiaries.
• The Board adopted new procedures for decision-making to be used when all efforts to reach consensus have been exhausted. Under these rules, a draft decision is adopted if at least a four-fifths majority of Board members present and voting vote in favour, provided that four or more developed country Board members or four or more developing country Board members do not vote against it.
• The GCF established the timeline for its first formal replenishment, deciding that the first replenishment period will span four years, from 1 January 2020 through 31 December 2023.
• The Board approved several new operational and risk management policies, including a compliance risk policy to protect the GCF's reputation, standards for implementing the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Policy, and an updated policy on Prevention and Protection from Sexual Exploitation, Sexual Abuse and Sexual Harassment (SEAH) that now covers counterparties.
• The GCF expanded its network of implementing partners by approving four new Accredited Entities and upgrading the accreditation scopes of two Direct Access Entities, bringing the total number of accredited entities to 88.
• A Forward-looking Performance Review (FPR) of the GCF recommended several improvements, including better addressing the individual needs of developing countries, developing a new strategic plan to position the GCF as a 'thought leader', re-emphasizing adaptation investments, and increasing the delegation of authority from the Board to the Secretariat.

APA

Green Climate Fund (2019). 23rd Meeting of the Board of the Green Climate Fund Summary of the Outcomes. https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-23rd-meeting-gcf-board.pdf

Chicago

Green Climate Fund. 23rd Meeting of the Board of the Green Climate Fund Summary of the Outcomes. 2019. https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-23rd-meeting-gcf-board.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=23rd Meeting of the Board of the Green Climate Fund Summary of the Outcomes |date=August 2019 |url=https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-23rd-meeting-gcf-board.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund201923rd, author = {{Green Climate Fund}}, title = {{23rd Meeting of the Board of the Green Climate Fund Summary of the Outcomes}}, institution = {Green Climate Fund}, year = {2019}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-23rd-meeting-gcf-board.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }