Project profile — Support to the First Replenishment of the Green Climate Fund



Overview 

CA-3-P008176001
$168,000,000
Green Climate Fund (41317)
2020-03-26 - 2046-12-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (30.00%)
• West Indies, regional (10.00%)
• North and Central America, regional (10.00%)
• South America, regional (10.00%)
• Asia, regional (20.00%)
• Oceania, regional (10.00%)
• Europe, regional (10.00%)

Sector 

• General Environmental Protection: Environmental policy and administrative management (41010) (100.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (significant objective)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (principal objective)
• Desertification (significant objective)
• Urban issues (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (significant objective)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

The first replenishment of the Green Climate Fund (GCF-1) aims to build on the Green Climate Fund’s (GCF) existing portfolio to deepen its support to key transformative initiatives identified by countries in each of its eight results areas (energy generation and access; transport; buildings, cities, industries and appliances; forests and land use; health, food and water security; livelihoods of people and communities; ecosystems and ecosystem services; infrastructure and the built environment) to achieve the Paris Agreement goals. The Paris Agreement works to bring all nations into a common cause to undertake ambitious efforts to combat climate change and adapt to its effects, with enhanced support to assist developing countries to do so. The Paris Agreement aims to limit the global temperature increase to well below 2 degrees above pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5 degrees. The GCF is the world’s largest dedicated fund working to help developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. The GCF is a financial mechanism of the United Nations Framework Convention on Climate Change, and is one of the principal mechanisms for developed countries to deliver on their Paris Agreement commitment to support mitigation and adaptation efforts in developing countries. The GCF programmes globally but specific attention and prioritization is given to Least Developed Countries, Small Island Developing States, and Africa. Project activities include: (1) helping at least 10 million people in the poorest and most vulnerable developing countries adapt to the effects of climate change; and (2) reducing greenhouse gas emissions by at least 200 million tonnes.

Expected results 

The expected outcomes for this project include: (1) increased capabilities in developing countries for transformational planning and programming; (2) catalysing climate innovation; (3) strengthened innovation through mobilizing investments at scale; and (4) increased knowledge to replicate success and support the alignment of financial flows with the Paris Agreement.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Multilateral
Type of aid Core contributions to multilateral institutions
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