Title: Climate Change (IDB)

Language: English

Type: Document

Nature: Other PPP Reference

Published: October 25, 2019

Region: Global

Country: Global / Non-Specific

Topic: Climate-Smart

Keywords: PPPs by Topic *, Climate Smart **, Funding and Financing

Document Link(s):

• Green Climate Fund

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Document Summary:

As the world’s largest climate fund, GCF accelerates transformative climate action in developing countries through a country-owned partnership approach and use of flexible financing solutions and climate investment expertise.

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Document Details:

There is a shrinking window of opportunity to address the climate crisis. Average global temperature is currently estimated to be 1.1°C above pre-industrial times. Based on existing trends, the world could cross the 1.5°C threshold within the next two decades and 2°C threshold early during the second half of the century. Limiting global warming to 1.5°C is still narrowly possible and will be determined by the investment decisions we make over the next decade. The Green Climate Fund (GCF) – a critical element of the historic Paris Agreement - is the world’s largest climate fund, mandated to support developing countries raise and realize their Nationally Determined Contributions (NDC) ambitions towards low-emissions, climate-resilient pathways.

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Updated: July 29, 2024