A Time For Action: 3 Reasons to Urgently Capitalize the Green Climate Fund

The authors call for the urgent capitalization of the Green Climate Fund (GCF), suggesting that an injection of finance would signal political commitment and rebuild trust between parties before the 2015 Paris agreement. They highlight the GCF's role in scaling innovative projects, such as the African Risk Capacity insurance mechanism and Chile's MAPS project, and emphasize the need to address the funding gap for adaptation in vulnerable countries. The text echoes calls for capitalization of at least US$10 billion to US$15 billion by November.

• The Green Climate Fund (GCF) is essential for scaling up innovative climate risk management and low-carbon transitions in developing countries, citing the African Risk Capacity insurance mechanism which has improved food security for hundreds of thousands of households in five African countries and the US$4 million MAPS project in Chile focused on decarbonization.
• Immediate capitalization of the GCF is required to address the deficit between global adaptation needs and available funds, particularly for the most vulnerable countries who are least responsible for climate change.
• Capitalizing the GCF serves as a critical signal of intent and solidarity to rebuild trust among negotiating parties and ensure the goal of mobilizing US$100 billion of climate finance per year by 2020 is met.
• There are specific calls for the GCF to be capitalized by November, with the UNFCCC Executive Secretary requesting at least US$10 billion and many developing countries requesting US$15 billion.

APA

Lagos, R., & Mogae, F. (2014). A Time For Action: 3 Reasons to Urgently Capitalize the Green Climate Fund. World Resources Institute. https://www.wri.org/insights/time-action-3-reasons-urgently-capitalize-green-climate-fund

Chicago

Lagos, Ricardo, and Festus Mogae. A Time For Action: 3 Reasons to Urgently Capitalize the Green Climate Fund. World Resources Institute, 2014. https://www.wri.org/insights/time-action-3-reasons-urgently-capitalize-green-climate-fund.

Wikipedia

{{cite press release |last1=Lagos |first1=Ricardo |last2=Mogae |first2=Festus |title=A Time For Action: 3 Reasons to Urgently Capitalize the Green Climate Fund |publisher=World Resources Institute |date=20 June 2014 |url=https://www.wri.org/insights/time-action-3-reasons-urgently-capitalize-green-climate-fund |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{lagos2014time, author = {Lagos, Ricardo and Mogae, Festus}, title = {{A Time For Action: 3 Reasons to Urgently Capitalize the Green Climate Fund}}, publisher = {World Resources Institute}, year = {2014}, month = jun, url = {https://www.wri.org/insights/time-action-3-reasons-urgently-capitalize-green-climate-fund}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }