The Green Climate Fund (GCF) is the world’s largest dedicated climate finance mechanism, created under the UNFCCC to help developing countries mitigate and adapt to climate change.

Formation

• Established: 2010 at COP 16 (Cancun) under the United Nations Framework Convention on Climate Change (UNFCCC).
• Operationalised: At COP 17 (Durban, 2011) as an operating entity of the UNFCCC’s financial mechanism.
• Headquarters: Songdo, Incheon, Republic of Korea.
• Governance: Managed by a Board with equal representation from developed and developing countries.

Objectives

• Channel climate finance from developed to developing countries.
• Support a paradigm shift towards low‑emission and climate‑resilient development pathways.
• Help developing nations implement their Nationally Determined Contributions (NDCs) under the Paris Agreement.
• Prioritise the needs of particularly vulnerable countries (LDCs, SIDS, African states).

Source: Down To Earth