GCF

Full explainer

GCF — the Green Climate Fund — is the multilateral fund established under the UNFCCC to channel climate finance from developed to developing countries. Operational since 2015 and headquartered in Songdo, South Korea, GCF disburses through two main windows: a project-funding window (grants and concessional loans) and a result-based-payments window for REDD+ achievements.

Indonesia is one of GCF's larger Asia-Pacific recipients. The headline carbon-relevant disbursement to date is the 2019 USD 103.8 million result-based payment for verified REDD+ emissions reductions during the 2014-2017 period, channelled via BPDLH. This was Indonesia's largest single REDD+ payment under the UNFCCC framework. Additional GCF approvals cover peatland restoration, mangrove conservation, and adaptation work. GCF finance is distinct from voluntary-market credit revenue — it is grant-style climate finance that does not generate transferable carbon units.

Authoritative source

Related terms

• BPDLH
• REDD+
• NDC