The Green Climate Fund (GCF) is committed to investing in developing countries’ efforts to adapt to the effects of climate change. GCF is delivering on our targets for adaptation and resilience by ensuring a 50/50 balance in allocation of funding between mitigation and adaptation projects, with over 50% of adaptation funding going to Least Developed Countries (LDCs), Small Islands Developing States (SIDS) and African States. The Fund is uniquely placed to attract private investment by de-risking high impact adaptation projects in developing countries and our Readiness Programme is helping countries to carry out their adaptation planning processes. GCF investments in climate projects help to drive a paradigm shift towards low emissions and climate resilience by focusing on country ownership and national adaptation priorities, the needs of the beneficiaries, the impact potential and the sustainable development potential of the project, as well as its economic and financial efficiency and effectiveness.
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