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 11 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.