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The GCF Secretariat provides a detailed response to an independent evaluation of its gender approach, agreeing with several recommendations to shift from a compliance-driven model to one focused on meaningful implementation and results. While the Secretariat accepts the need for stronger institutional coherence, improved budget tracking, and enhanced capacity building, it disputes certain factual assumptions in the evaluation—specifically the reference to a non-existent 2018 GESI Policy—and rejects the introduction of mandatory mid-term Gender Action Plan updates due to the burden they would place on Accredited Entities.

The GCF Board approved 18 funding proposals totaling USD 960.3 million and accredited 10 new entities. A major outcome was the selection of host cities for regional presence: Panama City (Latin America and Caribbean), Amman (Eastern Europe, Central Asia and Middle East), Nairobi and Abidjan (Africa), and Suva (Pacific). The Board also restructured its committees, approved a training programme, and established a roadmap for the 2028–2031 Strategic Plan.

The GCF Secretariat broadly agrees with the Independent Evaluation Unit's findings on the Project Preparation Facility (PPF), acknowledging its role as a strategic de-risking tool. The Secretariat commits to improving coherence between the PPF and the Readiness and Preparatory Support Programme (RPSP), differentiating support pathways for varying entity capacities, and enhancing monitoring and knowledge management. While accepting most recommendations, the Secretariat notes that some findings lacked sufficient contextualization and that the PPF Service modality represents only about 21% of approved requests.

The GCF Secretariat report for 2026 details progress in enhancing country ownership, delivering impact, and institutional strengthening. Key achievements include the launch of a revised Accreditation Framework, the establishment of regional presence in five locations, and the development of a new Commitment Authority Framework to optimize investment capacity. The report also tracks programming metrics, noting 29 funding proposals submitted to the iTAP and the approval of projects for underserved countries like Bahamas, Chad, and Jamaica.

The IEU report for February to May 2026 outlines the progress of several independent evaluations, including those on gender, the Project Preparation Facility, and the private sector. It highlights the ongoing Third Performance Review (TPR) and the LORTA impact evaluation programme, which supports 23 evaluations. The Unit also reports on its strategic engagement with other multilateral climate funds, the use of AI in evaluation synthesis, and its budget expenditure, which stood at 19% (USD 1.5 million) of the annual budget as of 30 April 2026.

The GCF Accreditation Panel recommends the accreditation of PT Indonesia Infrastructure Finance (PT IIF) as a national direct access entity in Indonesia for medium-sized projects (loans and guarantees) and small-sized projects (equity), with a capacity to manage high-risk (Category A/I-1) environmental and social projects. While PT IIF demonstrated strong fiduciary capacities in on-lending and blending, as well as robust environmental and social safeguards, the Panel identified gaps in public procurement disclosure, the operationalization of its grievance redress mechanism on its website, and the lack of a formal monitoring and evaluation policy. Consequently, accreditation is recommended subject to the applicant meeting these specific conditions before submitting its first funding proposal.

The GCF Accreditation Panel recommends the accreditation of HELVETAS Swiss Intercooperation (APL180) for 'small' individual projects with a maximum environmental and social risk category of medium risk (category B/I-2). The assessment found that Helvetas fully meets most fiduciary, environmental, social, and gender standards, though it partially meets basic fiduciary standards due to gaps in internal audit quality assessment and the public disclosure of investigative guidelines. Helvetas is recommended for accreditation provided it meets specific conditions regarding the publication of its investigation terms of reference and the delivery of an external quality assessment of its internal audit function.

In 2025, global coal capacity increased by 3.5% while generation fell by 0.6%, reflecting a trend where coal plants are increasingly used as backup reserves rather than primary energy sources. This divergence is most acute in China and India, where record capacity additions coexist with falling generation due to the rise of wind and solar power. While the number of countries proposing new coal projects declined from 38 to 32, political interventions in the US and EU delayed planned retirements. Regionally, Latin America reported no new projects, while Russia and Kazakhstan continue to integrate coal into their long-term energy security strategies despite international financing constraints and sanctions.

The Glaciers to Farms (G2F) Program is a 10-year, multi-sectoral adaptation initiative designed to address the impacts of glacial retreat and water insecurity in Central and West Asia. Requesting USD 250 million from the Green Climate Fund (GCF) to leverage a total of USD 3.5 billion, the program integrates science-based risk planning, investment in climate-resilient infrastructure, capacity building for agricultural MSMEs, and a regional knowledge platform. It targets 13.6 million direct beneficiaries and 31.5 million indirect beneficiaries, focusing on the Naryn, Pyanj, Kura-Aras, and Swat river basins. Key interventions include multi-hazard early warning systems, nature-based solutions for watershed restoration, and the development of innovative finance mechanisms like sustainability-linked bonds.

The report argues that while tracking the quantity of climate finance is established, tracking its quality remains nascent. It proposes a three-level conceptual framework—project, market, and system—to move beyond one-off project outputs toward sustained transformational change. At the project level, it emphasizes core indicators like tCO2e for mitigation and beneficiaries reached for adaptation. At the market level, it focuses on creation, scalability, and inclusiveness, highlighting private finance catalyzation and job creation. At the system level, it identifies three catalytic pathways (singular, centralized, and decentralized) to track structural shifts in paradigms, policies, and institutional arrangements. The report concludes by identifying nine key indicators as a starting point for a common reporting approach across public climate finance actors.

The document highlights the risks of planning water and energy sectors in isolation, particularly as climate change increases water stress and impacts hydropower. It proposes the combined use of the Low Emissions Analysis Platform (LEAP) and Water Evaluation and Adaptation Planning (WEAP) tools, alongside macroeconomic modelling, to identify trade-offs and synergies. Case studies in Rwanda and Central Asia illustrate how this integrated approach can prevent GDP losses and reduce greenhouse gas emissions. The brief further suggests that such integration helps countries align their Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs) to optimize limited climate finance.

The Water Evaluation and Adaptation Planning (WEAP) platform is a scenario-based modelling tool used in 190 countries to integrate supply- and demand-side perspectives for water resilience. It enables users to simulate climate-driven scenarios, evaluate adaptation strategies such as infrastructure upgrades and demand management, and analyze trade-offs at the water-energy-food nexus through integration with the Low Emissions Analysis Platform (LEAP) and macroeconomic models. WEAP supports both top-down and locally led initiatives across various scales, from local watersheds to transboundary river basins.

The guide outlines a framework for sustainable linear infrastructure (LI) development in snow leopard habitats, emphasizing the mitigation hierarchy—avoid, minimize, mitigate, restore, and offset. It details strategies across the project life cycle, from policy development and spatial planning to construction and maintenance, to reduce habitat fragmentation, wildlife-vehicle collisions, and other ecological disturbances. The document highlights critical knowledge gaps regarding snow leopard-specific crossing structures and calls for multidisciplinary collaboration and inclusive community consultation to protect biodiversity and ecosystem services.

A study by World Weather Attribution found that human-induced climate change made a March 2025 heatwave in Central Asia approximately 4 °C hotter and three times more likely. The event saw temperatures exceeding 30 °C even at 1000m altitude, affecting regions including Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan, and Kyrgyzstan. The analysis notes that climate models underestimate the recent increase in March temperatures, meaning the reported influence of climate change is a conservative estimate. The heatwave coincided with critical agricultural periods, such as the sowing of spring wheat in Kazakhstan and the flowering of export fruit crops, potentially impacting yields in a region where agriculture employs up to 50% of the workforce.

In 2024, global coal power reached a 20-year low in new capacity additions (44 GW), though the total global fleet still grew by 18.8 GW. While the EU27 saw a fourfold increase in decommissioned capacity and the UK closed its last coal plant, China saw record construction starts (94 GW) and India proposed record new capacity (38 GW). Russia has emerged as a leading developer of new coal projects, ranking fifth globally for development capacity, with plans focused on Siberia and the Far East to support energy demand and the domestic coal industry.

The evaluation of the GCF's 'Health and Well-being, and Food and Water Security' (HWFW) result area finds that while investments are highly relevant to country needs—particularly in food and water security—the RA approach itself has been inconsequential to achieving results. The report highlights significant gaps in health-related programming and tracking, as well as systemic challenges in results reporting and data quality. It recommends a comprehensive rearticulation of the purpose and formulation of all GCF result areas to better align with project origination and strategic impact.

The research identifies a link between water insecurity and the failure of multi-tiered institutions to respond to signals from local users. Using case examples from Tajikistan and Mexico, the authors demonstrate that neglecting participatory interaction threatens the livelihoods of vulnerable populations. The paper proposes that adaptive actions targeted at user-defined causes of insecurity and explicit coordination between local users and various institutional levels are necessary to reconcile economic efficiency, social equity, and environmental sustainability under the pressures of climate change and increased demand.

Climate change is significantly increasing the number of winter days with minimum temperatures above 0°C across the Northern Hemisphere. Analysis of the decade 2014-2023 shows that over one-third of analyzed countries and 44% of analyzed cities experienced at least one additional week of above-freezing days annually. Europe is the most affected region, with some countries like Lithuania and Latvia seeing over 20 additional above-freezing days per year. These shifts impact snowfall, the USD 12.5 billion winter sports industry, water supplies, and ecosystem health.

Analysis of Italian cities from 2014-2023 shows a significant increase in 'lost winter days' (days above 0°C), with Turin ranking as the third city globally for the most added winter days above freezing.

The report finds a significant gap between renewable energy targets and actual projects in development across the Caucasus and Central Asia (CCA) region. While six CCA countries have targets totaling 43 GW of renewable additions by 2030–2040, only 30 GW are in development, leaving a 13 GW deficit. Fossil fuel expansion remains dominant, with more than three times as much fossil capacity under construction (11.8 GW of oil and gas plus coal) as wind and utility-scale solar (3.5 GW). Azerbaijan, the COP29 host, is highlighted for limited ambition, with no wind or solar projects in development beyond 2027, calling into question its commitment to a 30% renewable share by 2030.