INTERNATIONAL CENTER FOR CLIMATE CHANGE AND DEVELOPMENT (ICCCAD)

Tag: Green Climate Fund

  • Does climate finance enhance mitigation ambitions of recipient countries?

    Does climate finance enhance mitigation ambitions of recipient countries?

    Abstract International public climate finance is an important catalyst for curbing growing emissions from developing countries and enabling them to adapt to the impacts of climate change. Developing countries consider the fulfillment of their Paris Agreement emission reduction pledges to be conditional on receiving climate finance. Prior studies have hypothesized that increasing financial support to developing countries will likely…

  • How the Green Climate Fund can be more effective

    It has now been well over five years since the Green Climate Fund (GCF) was set up with its headquarters in Songdo, Korea to support both mitigation and adaptation projects and programmes in developing countries. It received an initial contribution of around USD 10 billion and is now undergoing a review of its performance in…

  • Green Climate Fund: Still a work in progress

    The Green Climate Fund (GCF) was created under the United Nations Framework Convention on Climate Change (UNFCCC) to channel USD 100 billion a year starting from 2020 onwards, which the developed countries have pledged to provide to developing countries to tackle climate change through both mitigation as well as adaptation activities. The Secretariat of the…

  • Can we count on the GCF?

    Assessing the GCF’s performance on funding adaptation for the most vulnerable countries By the end of this year, the Green Climate Fund (GCF) — the main international fund designated to help countries address climate change — will have been active for six years. At this point, it would be a good time to reflect back…

  • The Green Climate Fund accreditation process: barrier or opportunity?

    As the largest pot of climate funding available to developing countries, the Green Climate Fund (GCF) holds huge promise. As it enters into operation, national institutions, including government, can apply to access GCF’s resources ‘directly’. But the rigorous accreditation process appears a barrier to many, which coupled with unclear benefits is likely to undermine the…

  • Financing adaptation in the most vulnerable developing countries

    (This article was originally published here) As governments prepare to go to Paris in December to finalise the new Paris Agreement on Climate Change under the United Nations Framework Convention on Climate Change (UNFCCC) at its 21st Conference of Parties (COP21), there is an emerging consensus amongst all parties, including the developed countries, of the…

  • ‘Climate fund release must not be delayed’

    (This article was originally published here) Polluters must stop delaying the settlement of carbon emission cut and climate finance disbursement for vulnerable nations in the name of negotiation, a discussion was told yesterday. “The negotiations between the polluters – mostly industrialised countries – and the vulnerable countries has been happening for years. Yet, there are…

  • The green climate fund and the private sector in Bangladesh

    (This article was originally published here) As the UN prepares to roll out a multibillion-dollar Green Climate Fund (GCF), it offers greater opportunities to engage the private sector to combat climate change risks. The GCF business model not only aims to raise money from institutional private investors, but also support local, small-scale businesses to invest…

  • Green climate fund: Reality or rhetoric

    (This article was originally published here) The Green Climate Fund (GCF) is an international climate finance mechanism that developed countries pledge funds into for climate related activities in developing countries. It is established under the United Nations Framework Convention on Climate Change (UNFCCC). The GCF is accountable to and functions under the guidance of the…