Crunch Time for the Green Climate Fund: 5 Issues to Watch at Critical Board Meeting

A World Resources Institute briefing outlining five critical issues for the Green Climate Fund (GCF) Board to address at its final 2018 meeting in Bahrain to restore confidence and ensure effective climate finance delivery.

• The GCF Board is considering an ambitious docket of 20 funding proposals totaling $1.1 billion, the largest ever presented to the Board. Key points of debate include the calibration of oversight for high-risk programs, the level of support for higher-income developing countries, and whether to fund activities that might increase the viability of fossil fuel production.
• The GCF is reviewing the accreditation of 16 new entities, including nine national entities from developing countries and three private sector entities. However, concerns exist regarding the fund's capacity to manage up to 75 entities and the inequitable distribution of national entities, noting that countries like India and Bangladesh have multiple entities while Brazil and Nigeria have none.
• The GCF is approaching its first replenishment trigger, which occurs once 60 percent of its resources (approximately $5 billion in allocations) are approved. If all current proposals are approved, replenishment would likely be triggered at the first Board meeting of 2019.
• The GCF currently operates by consensus, interpreted as unanimity, allowing any single Board member to block decisions. To reform this, co-chairs have proposed a system where a decision is only blocked if more than one-third of members (five members) from either the developing or developed country groups oppose it.
• The GCF has approved $3.5 billion for 74 climate projects across 78 countries during its first funding period.

APA

World Resources Institute (2018). Crunch Time for the Green Climate Fund: 5 Issues to Watch at Critical Board Meeting. https://www.wri.org/insights/crunch-time-green-climate-fund-5-issues-watch-critical-board-meeting

Chicago

World Resources Institute. Crunch Time for the Green Climate Fund: 5 Issues to Watch at Critical Board Meeting. 2018. https://www.wri.org/insights/crunch-time-green-climate-fund-5-issues-watch-critical-board-meeting.

Wikipedia

{{cite report |author=World Resources Institute |title=Crunch Time for the Green Climate Fund: 5 Issues to Watch at Critical Board Meeting |date=12 October 2018 |url=https://www.wri.org/insights/crunch-time-green-climate-fund-5-issues-watch-critical-board-meeting |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2018crunch, author = {{World Resources Institute}}, title = {{Crunch Time for the Green Climate Fund: 5 Issues to Watch at Critical Board Meeting}}, institution = {World Resources Institute}, year = {2018}, month = oct, url = {https://www.wri.org/insights/crunch-time-green-climate-fund-5-issues-watch-critical-board-meeting}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }