Questions about Green Climate Fund

Short answers, pulled from the story.

When was the Green Climate Fund formally established?

The Green Climate Fund formally took shape during the 2010 United Nations Climate Change Conference held in Cancun. Its governing instrument was finally adopted at the 2011 conference in Durban, South Africa.

Who is the Executive Director of the Green Climate Fund as of December 2023?

Mafalda Duarte serves as the Executive Director of the Green Climate Fund. She is a Portuguese development economist leading the organization governed by a Board composed of twenty-four members representing both developed and developing nations.

Where is the permanent secretariat of the Green Climate Fund located?

A permanent secretariat supports the board's work and is located in Songdo, Incheon, South Korea. The World Bank initially acted as the temporary trustee while rules for disbursement were being written before this location was finalized.

How much money did the Green Climate Fund manage as of December 2023?

As of December 2023, the GCF managed a portfolio valued at $13.5 billion USD. Including co-financing, the total reached $51.9 billion USD with pledges totaling $10.3 billion USD by February 2020.

Which countries received projects from the Green Climate Fund by July 2023?

Ghana received seven projects totaling $103.7 million by July 2023. Bangladesh secured seven projects worth $374 million over the same period to support community-led adaptation strategies.