Part of a Series
The Green Climate Fund, or GCF, is an important new multilateral tool for investing in projects in developing countries that reduce their greenhouse gas emissions and enhance their ability to adapt to a changing climate. Its broader mission is to create a paradigm shift in development, so that economic growth is both climate resilient and decoupled from dependence on fossil fuels.
As recently as last year, however, the GCF was almost nothing except unrealized potential. It lacked the resources—or even any firm expectation of resources—necessary to begin delivering on its core mission.
For more on this idea, please see: Opportunities for the Green Climate Fund in 2015 by Pete Ogden and Gwynne Taraska