Setting the Stage for the Green Climate Fund’s First Replenishment

The Green Climate Fund (GCF) is experiencing a "crisis of confidence" following an unproductive July 2018 Board meeting and the departure of its Executive Director. To address this, the World Resources Institute (WRI) proposes a more objective, formula-based framework for determining financial contributions based on factors such as gross national income and GHG emissions. Additionally, the paper recommends strengthening the GCF Board's decision-making effectiveness, implementing independent performance reviews, and increasing transparency in the selection of board members to better represent both developed and developing country constituencies.

• The Green Climate Fund is currently experiencing a significant loss of trust among various stakeholders, including developed and developing nations, civil society, the private sector, and accredited entities, which the authors describe as a "crisis of confidence."
• There is a lack of established criteria for the GCF's first replenishment regarding the total amount to be raised and the distribution of financial effort among contributors.
• To improve resource predictability, the paper proposes a transparent framework for contributions using a formula-based scaled indicative minimum threshold based on cumulative GHG emissions, GHG emissions per capita, and gross national income.
• The GCF Board requires governance reforms to improve decision-making efficiency, including the adoption of procedures for when consensus is not reached and the implementation of self-assessments and independent performance reviews.
• The GCF should improve the representative nature of its Board by increasing transparency in member selection and enhancing feedback loops between board members and their constituencies, with the GCF Secretariat playing a more active role in these processes.

APA

World Resources Institute (n.d.). Setting the Stage for the Green Climate Fund’s First Replenishment. https://www.wri.org/research/setting-stage-green-climate-funds-first-replenishment

Chicago

World Resources Institute. Setting the Stage for the Green Climate Fund’s First Replenishment. n.d. https://www.wri.org/research/setting-stage-green-climate-funds-first-replenishment.

Wikipedia

{{cite report |author=World Resources Institute |title=Setting the Stage for the Green Climate Fund’s First Replenishment |url=https://www.wri.org/research/setting-stage-green-climate-funds-first-replenishment |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendsetting, author = {{World Resources Institute}}, title = {{Setting the Stage for the Green Climate Fund’s First Replenishment}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/setting-stage-green-climate-funds-first-replenishment}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }