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):
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.
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.
Updated: July 29, 2024