GCF is a fund within the framework of the United Nations Framework Convention on Climate Change (UNFCCC).
It was founded as a mechanism to assist developing countries in adaptation and mitigation practices to counter climate change.
GCF regional advisor to the Pacific, Coral Pasisi said there’re a wide range of criteria that countries must follow when writing up their proposals.
The four key areas around mitigation are transport, forest and land use, energy efficiency and renewable energy.
The four key windows that look at adaptation include making infrastructure resilient, making sure that food, water, and health security are robust, and that ecosystems and ecosystem services that are impacted by climate change are also robust.
Pasisi said: “These are the areas that we can provide funding for projects and against those we have investment criteria.
“This simply means that the finance that’s put into that system to help achieve the objectives is well used and that it is targeted where it’s most needed.”
Pasisi clarified that the GCF doesn’t replace funding sources that the country already has.
She said they aim to influence more resource stakeholders and more partners to assist the country with this journey towards stronger more resilient country and a lower emission pathway.
Picture courtesy of Selarn Kaluwin