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Title GCF at COP27

COP provides platform to engage with partners and listen to needs of developing nations

 

The dust has settled on a frenetic two weeks in the Sharm el-Sheikh sunshine and already the countdown has started to COP28, being held in the United Arab Emirates in 2023.

Looking back at Egypt and what was achieved in the negotiation rooms, pavilion halls and meeting spaces, the sheer volume of events and activities that took place over the two weeks is striking. GCF took part in 359 engagements at COP27, along with countless informal meetings held in and around the corridors and negotiation rooms. 

Much of the media attention was focused on the news which came through in the early hours of Sunday that agreement had been reached on a new mechanism on loss and damage, hailed as historic after being long sought by developing nations.  However, there were other takeaways from COP27.

COP guidance to GCF

As a main operating entity under the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes guidance from the Conference of Parties (COP) on its policies, programming priorities and eligibility criteria. 

The Fund therefore plays a key role at COP and draws significant political, public and media interest. Details of GCF’s report to COP27 as well as guidance received can be found here.
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GCF
Category GCF
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Sources Green Climate Fund
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