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Eleventh Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change
Between August 2021 and July 2022, the Green Climate Fund (GCF) approved USD 1.69 billion for 19 new projects, bringing its total approved funding to USD 10.4 billion across 196 projects. The Fund updated key policies, including the Private Sector Strategy and the Simplified Approval Process, and launched the GCF-2 replenishment process. Significant efforts were made to support vulnerable regions, with 65% of adaptation funding in grant equivalent terms allocated to LDCs, SIDS, and African States. The GCF also expanded its network of accredited entities and continued its Independent Evaluation Unit's assessments of portfolio effectiveness.
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Document type: Report