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The Green Climate Fund: History, Institution, Pledges, Investment Criteria

  • S. Niggol Seo
Chapter

Abstract

This chapter provides an encompassing description of the Green Climate Fund. A historical development of the GCF is described from its first conception, to the establishment, to the stage of funding allocations, which has been closely tied to the development of the United Nations conferences up to the Paris Agreement. The pledges and contributions to the GCF made by major rich countries are analyzed. The institutional structure and legal status of the GCF are explained. The first batch of funding allocations began in November 2015, timed for the Paris Conference. This chapter analyzes the 93+ projects that received the funding since then. Allocations of the fund are analyzed by geo-political areas as well as the results areas defined by the GCF Board. This chapter takes a close look at the investment criteria which are relied upon in making funding decisions, which include various concepts such as mitigation impact, adaptation impact, paradigm shift, sustainable development, needs of the recipients, country ownership, and efficiency and effectiveness.

Keywords

Green Climate Fund Paris Agreement Pledges Governing instrument Investment criteria 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • S. Niggol Seo
    • 1
  1. 1.Muaebak Institute of Global Warming StudiesSeorim-dong, Gwanak-gu, SeoulKorea

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