Green Climate Fund Replenishment Pledges a Positive Step, But Far More Finance Needed

A statement from World Resources Institute's Leonardo Martinez-Diaz regarding the Green Climate Fund's first replenishment, which saw 27 countries pledge $9.7 billion.

• On October 25, 2019, 27 countries confirmed $9.7 billion in pledges for the first replenishment of the Green Climate Fund (GCF). This total exceeds the levels reached during the 2014 pledging conference, with at least 11 countries doubling their previous contributions.
• The Green Climate Fund is the largest international fund for supporting developing countries in addressing climate change, having approved $5.2 billion for 111 projects across 99 countries.
• Despite the pledges, Leonardo Martinez-Diaz asserts that more finance is required due to the climate emergency. He specifically calls for pledges from the United States and Australia, as well as increased contributions from developed countries that have not yet doubled their 2014 pledges and wealthy oil-producing states.

APA

Martinez-Diaz, L. (2019). Green Climate Fund Replenishment Pledges a Positive Step, But Far More Finance Needed. World Resources Institute. https://www.wri.org/news/statement-green-climate-fund-replenishment-pledges-positive-step-far-more-finance-needed

Chicago

Martinez-Diaz, Leonardo. Green Climate Fund Replenishment Pledges a Positive Step, But Far More Finance Needed. World Resources Institute, 2019. https://www.wri.org/news/statement-green-climate-fund-replenishment-pledges-positive-step-far-more-finance-needed.

Wikipedia

{{cite press release |last1=Martinez-Diaz |first1=Leonardo |title=Green Climate Fund Replenishment Pledges a Positive Step, But Far More Finance Needed |publisher=World Resources Institute |date=25 October 2019 |url=https://www.wri.org/news/statement-green-climate-fund-replenishment-pledges-positive-step-far-more-finance-needed |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martinezdiaz2019green, author = {Martinez-Diaz, Leonardo}, title = {{Green Climate Fund Replenishment Pledges a Positive Step, But Far More Finance Needed}}, publisher = {World Resources Institute}, year = {2019}, month = oct, url = {https://www.wri.org/news/statement-green-climate-fund-replenishment-pledges-positive-step-far-more-finance-needed}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }