Climate Change

Green Climate Fund: GCF

May 17, 2019
Japanese

1 Overview

  • GCF is a fund for supporting reduction of greenhouse gases (mitigation) and addressing impacts of climate change (adaptation) in developing countries.
  • Establishment of GCF was decided in the 16th meeting of parties to the United Nations Framework Convention on Climate Change (COP16) held in 2010.
  • On May 2015, Japan confirmed its contribution to GCF, which helped GCF start funding to projects.
  • 47 countries and cities announced contributions to GCF as for now and the total amount reaches USD 10.3 billion.

2 Funding of GCF

  • Allocation of funds: Aiming for a balance between 50:50 mitigation and adaptation.
  • Countries covered: Emphasis on countries vulnerable to the impact of climate change, such as Small Island Developing States (SIDS) and least developed countries (LDC). (It also aims for a floor of 50% of the adaptation allocation for particularly vulnerable countries)
  • 102 projects have been adopted by the board so far. These include projects in island countries and projects related to disaster reduction that are being emphasized by Japan.

3 Amount Pledged by main donor countries (USD 100 billion.)

Total of approx. USD10.3billion

Graph

As of December 2016

4 Contribution by Japan to GCF

  • At the G20 Summit held in November 2014 Prime Minister Abe announced the contribution of USD 1.5 billion to GCF.
  • After approval of a bill stipulating the necessary measures for the contribution, Japan’s contribution was confirmed in May 2015. This allowed GCF to start funding.
  • Japan actively contributes to the management of GCF in the Board, the decision-making body of GCF, where Japan has seats as Board Member and Alternate Board Member.