Green Climate Fund The purpose of the Green Climate Fund is to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change. In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing 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. Funding under this initiative represents Australia's contribution for the effective and efficient operation to help poor people adapt to the major development challenges posed by climate change and to contribute to global emissions reductions without compromising development results. The total value of this initiative is $0.5 million to be expensed during the 2011-12 financial yea