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Green Climate Fund (GCF): Role, Capacity Building, and Directions as a Catalyst for Climate Finance

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Climate Action

Part of the book series: Encyclopedia of the UN Sustainable Development Goals ((ENUNSDG))

Definitions

The Green Climate Fund (GCF) is one of the several special climate change funds that have been established under Article 11 of the United Nations Framework Convention on Climate Change (UNFCCC). These funds aim to finance climate change activities in developing countries. Previously established funds did not catalyze sufficient funding nor did they balance adaptation and mitigation measures. In 2010, the parties of the UNFCCC sought to change this by establishing the GCF which is expected to be one of the biggest funds for climate finance. It should provide “additional and new” funds of up to $100 billion a year, starting from 2020, through the mobilization of public and private sources and development aid (see Cui and Huang 2018). At the Paris meeting in 2015, the negotiating parties decided that the GCF should serve the Paris Agreement, alongside other funds. The GCF is located in Incheon, South Korea.

Green Climate Fund: Aims, Structure, and Funding Modalities

The GCF is...

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Authors and Affiliations

  1. Center for Sustainable Development, College of Arts and Sciences, Qatar University, Doha, Qatar

    Mohammad Al-Saidi

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  1. Mohammad Al-Saidi
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Correspondence to Mohammad Al-Saidi .

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Editors and Affiliations

  1. FTZ-ALS, Hamburg University of Applied Sciences FTZ-ALS, Hamburg, Germany

    Walter Leal Filho

  2. University of Aveiro , Aveiro, Portugal

    Ulisses Azeiteiro

  3. Ctr Neurosci & Cell Biology, 1 Floor, Univ Coimbra, Edf Fac Medicina, Coimbra, Portugal

    Anabela Marisa Azul

  4. Faculty of Engineering and Architecture, Passo Fundo University Faculty of Engineering and Architecture, Passo Fundo, Brazil

    Luciana Brandli

  5. Ozyegin University, Istanbul, Turkey

    Pinar Gökcin Özuyar

  6. Centre for Work Related Studies, University of Chester, Chester, UK

    Tony Wall

Section Editor information

  1. Center for Neuroscience and Cell Biology, University of Coimbra, Coimbra, Portugal

    Anabela Marisa Azul

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Al-Saidi, M. (2019). Green Climate Fund (GCF): Role, Capacity Building, and Directions as a Catalyst for Climate Finance. In: Leal Filho, W., Azeiteiro, U., Azul, A., Brandli, L., Özuyar, P., Wall, T. (eds) Climate Action. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71063-1_44-1

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  • DOI: https://doi.org/10.1007/978-3-319-71063-1_44-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-71063-1

  • Online ISBN: 978-3-319-71063-1

  • eBook Packages: Springer Reference Earth and Environm. ScienceReference Module Physical and Materials ScienceReference Module Earth and Environmental Sciences

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