Green Climate Fund 2020-2023 In 2010, the Green Climate Fund (GCF) was established by 194 Parties to the UNFCCC, as part of the Convention’s financial mechanism. The Fund provides support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change.

The GCF is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. GCF has a crucial role in serving the Paris Agreement, supporting the goal of keeping average global temperature rise well below 2 degrees C. It does this by channelling climate finance to developing countries, which have joined other nations in committing to climate action.

The first replenishment period of GCF covers 2020-2023. This is the first of three Danish contribution to GCF during the replenishment period 2020-2023.