Green Climate Fund Core Contribution 2024-2027
Designed as an operating entity of the United Nations Framework Convention on Climate Change (UNFCCC)’s financial mechanism, the Green Climate Fund (GCF) is the largest multilateral climate fund financing exclusively climate mitigation and adaptation projects in developing countries. Switzerland advocates in the GCF governing board for high impact climate projects with maximum development cobenefits, social inclusion and conflict-sensitivity.
Country/region | Topic | Period | Budget |
---|---|---|---|
Global |
Climate change and environment
Environmental policy
|
01.01.2024
- 31.12.2027 |
CHF 135’000’000
|
- Progress on reducing global emissions effectively and efficiently, fostering adaptation and development co-benefits.
- Progress on enhancing resilience of communities and infrastructure with a particular focus on the most vulnerable countries and people.
- Progress in supporting countries’ institutional, planning and programming capacities to implement National Determined Contributions and National Adaptation Plans, especially the most vulnerable.
- Improved Governance, Efficiency and Transparency of the Fund: simplification of processes and delegation mechanisms
- A distinct profile and financing modalities: increased ownership, mobilisation of the private sector, climatenature and social-environmental co-benefits
- A portfolio that is results’ oriented: better reporting on impact, systematic inclusion of vulnerable groups and gender in project design
- Green Climate Fund
-
Sector according to the OECD Developement Assistance Commitiee categorisation GENERAL ENVIRONMENT PROTECTION
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Environmental policy and administrative management
Cross-cutting topics The project promotes biodiversity.
Aid Type Core contribution
Project number 7F09029
Area of responsibility |
The mission of the Green Climate Fund (GCF) is to help developing countries reduce their greenhouse gas emissions (mitigation) and enhance their ability to respond to climate change (adaptation), striving for transformation change at scale. The GCF is the most important global climate fund. It opts for a resource allocation of 50% to mitigation and 50% adaptation, of which minimum 50% to the most vulnerable countries. The fund can deploy a variety of financial instruments, including grants, concessional loans, debt, equity, and guarantees to maximize private co-investment. It can provide funds directly to accredited national entities which is expected to enhance country ownership and related capacity development. |
Switzerland's and the organisation's strategic priorities and their coherence |
Adressing climate change and managing natural resources sustainably is one of the top priorities of the Swiss International Cooperation Strategy 2021-2024. The GCF, being one of 16 priority multilateral organizations according to the above mentioned Swiss Strategy, is a key partner to achieve this objective. The GCF has a special focus on the needs of the most vulnerable developing countries. GCF further maximizes its impact by means of a genderresponsive approach – one of the cross-cutting themes in the Swiss Strategy. Through GCF’s established corporate priorities on (1) mitigation, (2) adaptation and (3) private sector engagement, the GCF delivers on the priorities of Swiss International Cooperation, namely sustainable economic growth, reducing global risks and strengthing public services, as well as fostering peace and strengthing governance. |
Results of the organisation's previous engagement |
To date, the GCF has approved 228 projects totalling $12.7 billion, benefitting an anticipated 638 million people with increased resilience and avoiding 2.9 billion tonnes of CO2 equivalents (information based on ex-ante expected results, not ex-post verified). Swiss contribution to the GCF is managed jointly by SDC, SECO and FOEN through the interdepartmental coordination platform PLAFICO. Achieved results are: On the Board, Switzerland has been amongst the more active and influential members, focusing on key issues notably the new strategic plan (2024-2027), accreditation strategy and the re-accreditation of MDBs, process improvements, gender mainstreaming, private sector engagement and focus on vulnerable countries/groups. Switzerland also actively engaged in in the development of the pilot programme for REDD+ result-based payments: A Swiss expert contributed to the development of the second phase of the REDD+ programme. |
Medium-term outcome of organisation's current engagement |
For the period 2024-27, the GCF will measure impact against three broad metrics at the institutional level: Switzerland will advocate and work formally and informally towards the following three outcomes – as jointly agreed by SDC, SECO and FOEN: |
Directorate/federal office responsible |
SDC |
Project partners |
Contract partner Other International Organization |
Budget | Current phase Swiss budget CHF 135’000’000 Swiss disbursement to date CHF 34’475’220 Budget of the organisation CHF 8’855’900’000 |
Donors |
To date, 25 countries co-finance the GCF, with 5 of them pledging more than 1 billion US dollars (UK, FRA, DE, JAP, NOR), and 3 developing countries (KOR, ISR, MNG). |
Coordination with other projects and actors |
Developed countries closely coordinate formally and informally at and in between Board meetings. Board seat constituency coordination amongst Switzerland, FIN, HUN, MON and LIE (seat composition tbc) for submissions, in preparation and during meetings. |
Project phases | Phase 3 01.01.2024 - 31.12.2027 (Current phase) Phase 2 01.09.2020 - 31.12.2023 (Completed) Phase 1 01.04.2014 - 31.12.2017 (Completed) |