The Green Climate Fund (GCF), a multilateral fund dedicated to helping developing countries respond to climate change, continues this tradition of cooperation for the common good. Initiated in 2010 under the auspices of the United Nations Framework Convention on Climate Change (UNFCCC), the GCF supports efforts by nations to reduce their greenhouse gas emissions and adapt to the current and future effects of climate change.
The logic here is simple. The nations least equipped to cope with climate change, and least responsible for the problem, too often take the brunt of it. To help them address this challenge, the US and dozens of other countries have pledged more than $10 billion to the GCF’s work. To date, 54 projects have been approved for $2.7 billion in GCF funding, ranging in purpose from decreasing flood risks in Samoa to developing solar energy in Chile. And on November 16, 2017, WWF and GCF signed an Accreditation Master Agreement, enabling WWF-US to manage such GCF-financed projects on behalf of our entire international network and our country partners.
“Climate change is a complex, global challenge that requires bold actions backed by financing at scale,” said David McCauley, WWF’s senior vice president for policy and government affairs. “By working with the GCF, we can help build the coalitions needed to meet the climate action priorities of nations around the world— particularly when it comes to capitalizing on the climate-related benefits of protecting and restoring crucial ecosystems like forests, freshwater systems, mangroves, wetlands, and coral reefs.”
WWF is one of only three international conservation groups to become accredited implementing partners of the GCF. (The others are Conservation International and the International Union for Conservation of Nature.)