What role will the Green Climate Fund play with regard to NDC implementation?

QuestionsCategory: FAQWhat role will the Green Climate Fund play with regard to NDC implementation?
INDC SupportINDC support asked 7 months ago

As per the outcomes of COP21, the Green Climate Fund (GCF) shall serve the Paris Agreement. This effectively rules out the creation of a new financial instrument to support NDC implementation. To the extent that a component of an NDC meets the eligibility requirements for financing by the GCF – notably with regard to the financial plan attached to the action – the GCF can provide finance for that action.