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Green Climate Fund

The Green Climate Fund (GCF) is the world’s premier multilateral climate fund. It funds projects in developing countries that reduce greenhouse gas emissions and help vulnerable communities adapt to the unavoidable impacts of climate change.

The GCF was established under the United Nations Framework Convention on Climate Change (UNFCCC) and also serves the Paris Agreement.

Since before the GCF was even established, Friends of the Earth U.S. has been campaigning to ensure that it would meet the needs of peoples in developing countries through democratic processes and policies resulting in climate projects of the highest social and environmental caliber.

We are working to make sure the GCF does not fund dirty energy, and that it does not become an institution dominated by multinational corporations, wealthy countries, or Wall Street investors that would leave critical, yet unprofitable, climate priorities by the wayside.

Latest News See All
Big development banks dominate Green Climate Fund, new study finds

The Green Climate Fund must do better to meet developing countries’ needs as they face the climate crisis.

Friends of the Earth praises U.S. contribution to Green Climate Fund despite congressional obstacles

WASHINGTON, D.C. - In response to the Obama administration’s announcement of a $500 million contribution to the Green Climate Fund, Friends of the Earth U.S. Deputy Director of Economic Policy Karen Orenstein issued the following statement: Friends of the Earth applauds President Obama for providing this urgently needed money to…

Green Climate Fund must say no to partnerships with HSBC, Crit Agricole

SONGDO, SOUTH KOREA — The Green Climate Fund must not channel its money through two scandal-ridden international commercial banks that are leading funders of the coal industry, say civil society groups at a meeting of the GCF’s Board in Songdo, South Korea. The groups say that the GCF must reject applications…

Latest Blog Posts See All
International Finance Corporation Flashes Warning Signs for Green Climate Fund
International Finance Corporation Flashes Warning Signs for Green Climate Fund

The IFC doesn’t know what a lot of its money is doing, and that’s bad. Though the subject matter might at first seem a bit dull, a recent monitoring report of the financial sector lending of the International Finance Corporation (IFC) is a doozy for the warnings it provides to…

Five things Trumps Paris Climate Speech got wrong in his attack on Green Climate Fund
Five things Trumps Paris Climate Speech got wrong in his attack on Green Climate Fund

Donald Trump announced this afternoon that the United States will begin the process of withdrawing from the Paris Agreement. During his remarks, Trump made a series of inaccurate and misleading statements about the Green Climate Fund in connection to his withdrawal decision.

5 simple reasons to oppose HSBC and Credit Agricole at the Green Climate Fund
5 simple reasons to oppose HSBC and Credit Agricole at the Green Climate Fund

Either Wednesday or Thursday of this week, the Board of the Green Climate Fund will decide whether or not banking giants HSBC and Credit Agricole will become "accredited entities" of the GCF. Accredited entities are official partners of the GCF; they can receive and manage GCF funds. Here are five…

Resources See All
  • Green Climate Fund: A Performance Check
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  • Green Climate Fund CSO Protest Letter, B.17
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  • NGO GCF Letter
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