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Ecology & Environment
Mahesh

25/06/22 06:55 AM IST

Green Climate Fund

In News 
  • A stakeholder consultation workshop on “Understanding India’s Climate Financing needs and its mobilization with focus on Green Climate Fund (GCF)” was organized by Ministry of Environment, Forest and Climate Change, Government of India under the ongoing GCF Readiness Program recently. 
About GCF 
  • The Green Climate Fund (GCF) is a new global fund created by the United Nations Framework Convention on Climate Change to support the efforts of developing countries to respond to the challenge of climate change.
  • The Green Climate Fund (GCF) is the world’s largest environmental fund that seeks to help developing nations in cutting down their greenhouse gas emissions, while at the same time making them adapt suitably to climate change.
  • This is done by supporting projects, programmes, policies and other activities through a state-of-the-art funding window.
  • It was established formally as a financing mechanism by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010 it is headquartered in the Songdo district in South Korea.
  • The mandate of GCF is to promote a paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions (mitigation) and to adapt to the impacts of climate change (adaptation).
Source- PIB 

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