Green Climate Fund (GCF)

Green Climate Fund (GCF), the new multi-billion climate fund, was designated as an operating entity of the financial mechanism of the UNFCCC, in accordance with Article 11 of the UNFCCC. The COP 16 brings the issue into light and after COP 20, now GCF has become successful to a certain extent in initial resource mobilization process that led to the mobilization of $10.3 billion to date by contributing parties. The institution was proposed in 2009 Copenhagen Conference (COP 15), Denmark and formed in 2010 Cancun Conference (COP 16), Mexico. Headquartered in Song-do, South Korea, GCF started funding in late 2015.

GCF Policies
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Bangladesh has been very active in the UNFCCC negotiations for long and has also taken a pragmatic approach as soon as the GCF emerged. In September 2014, the government of Bangladesh nominated Economic Relations Division (ERD) of Ministry of Finance as the National Designated Authority (NDA) of Bangladesh to GCF. As per standard procedure, NDAs are chosen by governments to act as the core interface between a country and the Fund. NDAs provide broad oversight of GCF’s activities in a country and serve as the point of communication with the Fund.

Bangladesh has received one of the very first funding through German-base Kreditanstalt für Wiederaufbau (KfW). Since then Bangladesh has received 3 projects from GCF through United Nations Development Programme (UNDP) and World Bank.

National Designated Authority (NDA) to GCF
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Economic Relations Division (ERD), Ministry of Finance, Government of Bangladesh


GCF Accredited Institutions in Bangladesh
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  1. Infrastructure Development Company Limited (IDCOL): Approved on 6 July 2017
  2. Palli Karma-Sahayak Foundation (PKSF): Approved on 2 October 2017

GCF Financed Projects in Bangladesh
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  1. Climate-Resilient Infrastructure Mainstreaming in Bangladesh (FP004): Kreditanstalt für Wiederaufbau (KfW), Germany
  2. Enhancing Adaptive Capacities of Coastal Communities, especially Women, to Cope with Climate Change Induced Salinity (FP069): United Nations Development Programme (UNDP)
  3. Global Clean Cooking Program –Bangladesh (FP070): World Bank (WB)