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Assessing Subnational Enabling Framework Conditions for Urban Climate Finance
The CCFLA and Urban-Act Subnational Assessment Tool is designed to help city and regional officials identify strengths and gaps in the regulatory, institutional, and financial environments necessary to scale urban climate finance. The tool evaluates 49 dimensions across four categories: Climate Policy, Budget and Finance, Climate Data, and Vertical and Horizontal Coordination. It provides a structured six-step application process—from institutional mapping to the development of follow-up roadmaps—and includes a comprehensive directory of external resources and global case studies to guide subnational governments in improving their creditworthiness, data reporting, and intergovernmental cooperation.
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Document type: Guide
Independent Evaluation of Green Climate Fund’s Energy Sector Portfolio and Approach
The evaluation finds that while the GCF has a prominent position in climate finance and a diverse set of instruments, its energy sector approach lacks a clearly articulated strategy and suffers from a mismatch between its stated and actual risk appetite. The portfolio is heavily skewed toward international accredited entities (IAEs) and focuses primarily on renewable energy generation, while underfinancing energy efficiency and emerging technologies like green hydrogen and large-scale storage. Results management is described as underdeveloped, with inconsistent metrics for measuring paradigm shifts and a lack of specific emissions reduction targets for the energy sector. The report recommends that the GCF clarify its role in the global energy transition, increase support for enabling environments and regulatory frameworks, and better align its risk appetite with transformational innovation.
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Document type: Report
Sustainable Debt Market Summary Q1 2024
The report details a record-breaking Q1 2024 for aligned GSS+ debt, with USD 272.7bn added. Green bonds dominated the market, while Europe remained the primary regional source. The report also highlights the growth of sovereign GSS+ issuance, the emergence of nuclear energy in green bond frameworks in North America, and the evolving alignment of sustainability-linked bonds (SLBs) with Climate Bonds' methodology.
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Document type: Report
Sustainable Debt Global State of the Market 2023
The report finds that the aligned GSS+ debt market reached a cumulative volume of USD 4.4 trillion by the end of 2023. Green bonds remain the dominant theme, with 2023 aligned volume reaching USD 587.6 billion, while sustainability and social bonds saw year-on-year declines. Conversely, aligned SLB volume grew by 95% to USD 22.9 billion. Europe was the largest source of aligned GSS+ debt in 2023, while the USA experienced a 38% decline due to anti-ESG sentiment. The report also highlights the growth of 'blue-labelled' debt and the increasing role of sovereign issuers in the GSS+ market.
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Document type: Report
TRANSITION IN ACTION
The report examines the role of sustainable debt in transitioning the agri-food sector to net-zero, highlighting the need for finance to reach smallholder farmers. It introduces new Climate Bonds Sector Criteria for Agriculture Production and Deforestation and Conversion Free (DCF) Sourcing to standardize green activities. The analysis reveals that while sovereign issuers dominate the AFOLU sustainable debt market, there is a critical need for more material KPIs beyond scope 3 GHG emissions and greater transparency in the loan market to scale impactful investments.
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Document type: Report
SUSTAINABILITY-LINKED BONDS: Building a High-Quality Market
The report analyzes the sustainability-linked bond (SLB) market, finding that while it is diversifying, a high share of deals lack ambition and credibility. Key issues include partial GHG scope coverage, a lack of science-based targets, and poor post-issuance reporting. The report introduces the Climate Bonds SLB Database (SLBDB) to identify aligned deals and provides a best-practice checklist for issuers, emphasizing the need for material KPIs, transparent transition plans, and robust financial penalties.
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Document type: Report
COMPANIES AND CLIMATE CHANGE
The report evaluates climate transition performance across 18 Asia-Pacific markets and four key sectors: automotive, tech-electronics, healthcare, and basic industries. It finds that while mitigation goals are increasingly integrated into corporate strategies, adaptation and physical risk management remain significantly neglected. Regional analysis highlights Australia and China as leaders in low-carbon transition, while noting that coal still dominates the APAC power mix. Sectoral findings indicate the auto industry is leading in product-level decarbonisation, whereas basic industries show modest progress. The report emphasizes a critical lack of standardised ESG data reporting across all sectors, which hinders accurate assessment of corporate progress.
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Document type: Report
Global ageing and climate change Regional dialogue series Asia and the Pacific Webinar summary
The Asia-Pacific region, home to 60% of the global population aged 60 and over, faces severe risks from climate change, including projected heat exposure nearly four times higher than other regions by mid-century. Older adults suffer disproportionately from heatwaves, natural disasters, and air pollution due to physical and socio-economic vulnerabilities. However, the document emphasises that older adults are not merely vulnerable but are 'a reservoir of knowledge and experience' who contribute to resilience through traditional knowledge and community-led initiatives in countries like India and Indonesia. The summary calls for a 'triangular strategy' of Protect, Reduce, and Mobilise to ensure older adults are active participants in climate action and that their human rights are protected through age-sensitive policies and universal social protection.
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Document type: Report
Addressing the Climate Technology Gap Through Effective Technology Transfer
The document examines the systemic barriers preventing developing countries from moving beyond simple technology acquisition to endogenous climate technology development. It analyzes the role of the UNFCCC and WTO frameworks, the impact of intellectual property rights (IPR), and the limitations of trade liberalization. The author argues that effective technology transfer requires a combination of financial support, technical know-how, and 'green industrial policy' to ensure sustainable low-carbon structural transformation.
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Document type: Policy brief
Overall Pipeline
The Green Climate Fund's overall pipeline as of October 2023 consists of 427 projects with a total value of $74,261M, including GCF funding and co-financing. The pipeline is divided into public sector (DMA) and private sector (PSF) projects, with the private sector accounting for a higher total value ($46,265M) compared to the public sector ($27,996M). Geographically, Asia-Pacific has the highest total project value at $36,551M, followed by Africa at $24,696M. Thematically, cross-cutting projects represent the largest financial volume at $49,056M. The pipeline includes 73 funding proposals and 354 concept notes, with significant allocations directed toward Least Developed Countries (LDCs), Small Island Developing States (SIDS), and Africa.
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Document type: Report
Portfolio Overview
The GCF Risk Dashboard for Q2 2023 reports that portfolio-level risks remain within Board-approved tolerances, with no non-performing loans and liquid assets at approved levels. As of 30 June 2023, the portfolio consists of 216 approved funding proposals totaling USD 12.03 billion in equivalent terms. Funding is distributed across Africa (36%), Asia-Pacific (34%), and LATAM & Car. (26%), with a focus on mitigation (41%) and adaptation (23%), alongside cross-cutting projects. The fund's commitment authority increased significantly due to a USD 1 billion contribution from the United States. While concentration risks are within limits, the portfolio is skewed toward International Accredited Entities and the 'Energy access and power generation' sector. The report also tracks several projects facing implementation delays and identifies a projected 12-month forward liquid asset portfolio of USD 8.9 billion.
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Document type: Report
Readiness and Preparatory Support Programme – annual report on implementation 2022
As of 30 April 2023, the GCF has approved 693 readiness grants totaling USD 513 million for 142 countries. Analysis of 239 completed grants shows significant progress in capacity-building, strategic framework development, and adaptation planning, with a strong focus on vulnerable regions. However, the portfolio has faced substantial delays, primarily due to the COVID-19 pandemic, leading to 336 grants receiving no-cost extensions. The GCF is implementing operational improvements, including the Readiness Results Management Framework (RRMF) and the Portfolio Performance Management System (PPMS), to enhance reporting and efficiency.
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Document type: Report
Aprovechar el proceso del Plan Nacional de Adaptación para las Comunicaciones sobre Adaptación
The report provides guidance and analysis on leveraging National Adaptation Plan (NAP) processes to develop Adaptation Communications (AdComs). It details flexible submission options, analyzes trends among developing countries—particularly regarding gender integration and climate finance—and shares lessons from the NAP Global Network's support of 22 partner countries to streamline reporting and enhance the visibility of national adaptation priorities.
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Document type: Report
Mettre à profit le processus des plans nationaux d’adaptation pour les communications relatives à l’adaptation
The report provides guidance for developing countries to align their National Adaptation Plans (NAPs) with Adaptation Communications (AdComs) under the Paris Agreement. It analyzes trends among the 56 countries that have submitted AdComs, noting that most developing nations use either standalone documents or their Nationally Determined Contributions (NDCs) as vehicles. The document outlines how countries at different stages of the NAP process—early stage, finalizing, or implementing—can use AdComs to consolidate information, advocate for support, or share lessons learned. It also highlights trends in gender integration, adaptation costing, and the use of case studies to demonstrate resilience.
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Document type: Report
Trends in Trade Flows Across the Life Cycle of Plastics: Preliminary Review
The document analyzes the scale and geographic distribution of the global plastics trade, which reached a value of at least $1.2 trillion in 2021. It categorizes trade into non-hidden, semi-hidden, and hidden flows, noting that official Harmonized System (HS) codes fail to capture significant volumes of embedded plastics and packaging. The analysis identifies China, the EU, and the US as dominant players and highlights the shift of plastic waste flows toward developing Asia-Pacific nations following China's import bans. The authors argue for updating HS classifications in the 2027 cycle to improve data on polymer types, recycled content, and chemicals of concern to support global efforts to end plastic pollution.
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Document type: Briefing
Status of the GCF portfolio: Approved projects and fulfilment of conditions
As of 31 December 2022, the GCF has approved 209 funding proposals totaling USD 11.4 billion, with 182 projects under implementation. The portfolio maintains a near-equal balance between mitigation (51%) and adaptation (49%) in grant equivalent terms. The Readiness Programme has approved 649 grants totaling USD 468 million. While cumulative disbursements for funded activities reached USD 3 billion, the GCF reports implementation delays primarily attributed to the COVID-19 pandemic and other operational challenges. The report also details the status of condition fulfillment for approved projects and identifies specific activities requiring restructuring or cancellation.
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Document type: Report
Clean Energy 101: Reducing Climate Pollution from the Plastics Industry
The plastics industry contributes 3.4 percent of global carbon pollution, driven by a reliance on fossil fuels for production. Decarbonization requires improved carbon accounting, increased renewable energy use, and a transition toward a circular economy to reduce emissions from both production and end-of-life disposal.
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Document type: Guide
Overall Pipeline
The report details the Green Climate Fund's (GCF) overall pipeline as of January 2023, which consists of 422 projects with a total value of $72,320M (including co-financing). The pipeline is divided into Funding Proposals (76 projects) and Concept Notes (346 projects). Geographically, Africa represents the highest total value in the overall pipeline at $25,021M. Thematically, cross-cutting projects hold the highest total value at $45,194M. The report also tracks impact potential for the Funding Proposal pipeline, estimating 534,471,213 total beneficiaries and a reduction of 1,957,383,173 tCO2eq.
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Document type: Report
Healthy NDC Scorecard 2023
The Healthy NDC Scorecard 2023 analyzes 58 NDCs to evaluate the integration of health into national climate policies. While 90% of analyzed NDCs mention health and climate linkages, the report finds a significant mismatch between health recognition and actual climate ambition, particularly in G20 nations. Low- and middle-income countries generally achieved the highest health scores, while several high-income nations scored zero. The report recommends enhanced intersectoral collaboration, the quantification of health co-benefits to secure financing, and the exclusion of the fossil fuel industry from climate policymaking.
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Document type: Report
Overall Pipeline
The report presents a quantitative overview of the Green Climate Fund (GCF) pipeline, categorising 410 overall projects and their associated financial values. It breaks down data for funding proposals and concept notes by sector (public and private), geographic region, and thematic focus (adaptation, mitigation, and cross-cutting), while also detailing the financial instruments used and the impact potential of the funding proposal pipeline.
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Document type: Report