GCF - Green Climate Fund
The Green Climate Fund was established at the 16th Conference of Parties to the United Nations Framework Convention on Climate Change in 2010. The fund will promote the paradigm shift towards low-emission and climate-resilient development pathways. It will provide support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change.
Countries may access funds in two ways: directly through accredited subnational, national or regional implementing entities, or via accredited international entities, such as UN agencies, and international financial institutions. The GCF Board has defined key investment priorities which target many challenges directly relevant to FAO’s mandate and work. This includes support for reducing emissions from deforestation and land use, and enhancing the resilience of people’s livelihoods and food security.
FAO is accredited with the GCF as a grant-implementing entity for medium-sized projects (USD 50-250 million) with a medium level of environmental and social risk. FAO stands ready to support its Member States to develop and implement country-led projects on adaptation, climate-smart agriculture, combatting land and forest degradation, sustainable forest management and disaster risk reduction, among other areas in which FAO possesses considerable expertise.