The Green Climate Fund (GCF) is a fund within the framework of the UNFCCC, founded as a mechanism to assist developing countries in adaptation and mitigation practices, in order to counter climate change.
The Board had its twelfth meeting (B.12) to include the adoption of the Fund’s first Strategic Plan, its Work Plan for 2016, and the accreditation of 13 new entities and to this end, has taken a series of policy decisions designed to strengthen its partnerships and grow its project pipeline in 2016.
The highlight of the ‘B.12’ is the Board’s adoption of the Fund’s first Strategic Plan, which sets out GCF’s vision, operational priorities, and an action plan to be implemented by 2018. The Board also accredited 13 new entities, representing a diverse range of public, private, small, and large organizations which had brought forward proposals beforehand.
The Strategic Plan strengthens the Fund’s ability to programme its resources at scale, in an ambitious and country-driven manner.