Country driven
A core GCF principle is to follow a country-driven approach, which means that developing countries lead GCF programming and implementation. Country ownership of GCF financing decisions enables developing countries to turn NDC ambitions into climate action. GCF’s country-driven approach is underpinned by capacity-building support through its Readiness Programme that is available to all developing countries.

An open, partnership organization
GCF operates through a network of over 200 Accredited Entities and delivery partners who work directly with developing countries for project design and implementation. Our partners include international and national commercial banks, multilateral, regional and national development finance institutions, equity funds institutions, United Nations agencies, and civil society organizations. This open partnership enables the Fund to foster unprecedented coalitions between private investors, development agencies and civil society organizations to achieve transformative change and support harmonization of standards and practices.

A range of financing instruments
GCF can structure its financial support through a flexible combination of grant, concessional debt, guarantees or equity instruments to leverage blended finance and crowd-in private investment for climate action in developing countries. This flexibility enables the Fund to pilot new financial structures to support green market creation.

Balanced allocation
GCF is mandated to invest 50% of its resources to mitigation and 50% to adaptation in grant equivalent. At least half of its adaptation resources must be invested in the most climate vulnerable countries (SIDS, LDCs, and African States). The GCF programming strategy recognizes that we must scale up both mitigation and adaptation efforts. GCF aims to leverage synergies and minimize potential trade-offs between adaptation and mitigation.

Risk-taking, patient capital
GCF adds value to its partners by enabling them to raise the ambition of their climate action. By leveraging the risk management capacity of our partners and our own set of investment, risk and results management frameworks, GCF can accept higher risks to support early-stage project development as well as policy, institutional, technological and financial innovation to catalyse climate finance. This capacity to take risk is backed up by a robust second level due diligence system.

What Motivated you to Work for GCF? - Video