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The Inexperienced Local weather Fund (GCF) is the world’s largest multilateral fund devoted to serving to creating international locations handle the local weather disaster.
Created in 2010, the Fund had its preliminary useful resource mobilization (IRM) in 2014 receiving $10.3 billion in pledges from 45 international locations. The GCF underwent its first replenishment (GCF-1) in 2019, garnering an extra $10 billion in pledges from 32 international locations.
The GCF has quite a lot of revolutionary design options, and is vital to the grand cut price behind the Paris Settlement: that every one international locations have to do way more to deal with the local weather disaster, however that the poorest international locations, who did the least to trigger the issue and are hit first and worst by its impacts, require assist from the richest and highest polluting international locations.
Chart by Joe Thwaites/NRDC
The GCF’s Second Replenishment
In 2023 the GCF might be having its second replenishment (GCF-2). The formal pledging convention will happen in October however as in 2014 and 2019 many international locations are prone to announce their pledges upfront.
The next pledges to the second replenishment have been introduced up to now:
The Pledge Tracker
To assist assess the state of play on the GCF’s second replenishment, NRDC is monitoring the pledges and can present updates as new bulletins are available all year long.
- Determine 1 reveals every nation’s pledges over the GCF’s three fundraising rounds.
- Determine 2 reveals the overall pledges from all international locations to every fundraising spherical.
- Determine 3 reveals how a lot the very best contributing international locations have pledged to GCF-2 in comparison with their earlier highest pledge, both from the IRM or GCF-1.
- The desk reveals the quantity every nation has pledged to every fundraising spherical in authentic foreign money and transformed intoU.S. {dollars}, the proportion change in pledge between the IRM and GCF-1 and between GCF-1 and GCF-2 (primarily based on pledge foreign money), and the cumulative quantity pledged in U.S. {dollars}.
Newest replace: tenth September 2023.
Chart by Joe Thwaites/NRDC
Chart by Joe Thwaites/NRDC
Inexperienced Local weather Fund Pledges (hundreds of thousands)
| Nation (so as of whole pledged) | Preliminary Useful resource Mobilization (IRM) 2014 | First Replenishment (GCF-1) 2019 | Second Replenishment (GCF-2) 2023 | Change IRM to GCF-1 | Change GCF-1 to GCF-2 | Complete Pledged (U.S. {dollars}) | |||
|---|---|---|---|---|---|---|---|---|---|
| Pledge foreign money | U.S. {dollars} | Pledge foreign money | U.S. {dollars} | Pledge foreign money | U.S. {dollars} | ||||
| United Kingdom | £720.0 | $1,211.0 | £1,440.0 | $1,851.9 | £1,620.0 | $2000.0 | 100% | 13% | $5,062.9 |
| Germany | € 750.0 | $1,003.3 | €1,500.0 | $1,689.8 | €2,000.0 | $2,205.7 | 100% | 33% | $4,898.8 |
| Japan | ¥154,028.7 | $1,500.0 | ¥164,870.1 | $1,521.2 | 7% | $3,021.2 | |||
| United States | $3,000.0 | $3,000.0 | -100% | $3,000.0 | |||||
| France | €750.0 | $1,036.8 | €1,500.0 | $1,794.7 | 100% | $2,831.5 | |||
| Sweden | 4,000.0 kr | $581.2 | 8,000.0 kr | $852.5 | 100% | $1,433.7 | |||
| Canada | CA$300.0 | $277.0 | CA$300.0 | $230.1 | CA$450.0 | $333.7 | 0% | 50% | $847.9 |
| Norway | 1,689.1 kr | $272.2 | 3,600.0 kr | $434.2 | 113% | $706.4 | |||
| Italy | €250.0 | $334.4 | €300.0 | $337.9 | 20% | $672.3 | |||
| Republic of Korea | $100.0 | $100.0 | $200.0 | $200.5 | $300.0 | $300.0 | 100% | 50% | $600.5 |
| Canada | $300.0 | $277.0 | $300.0 | $230.1 | 0% | $507.1 | |||
| Denmark | 400.0 kr. | $71.8 | 800.0 kr. | $126.0 | 1,600.0 kr. | $232.2 | 100% | 100% | $430.0 |
| Austria | €26.0 | $34.8 | €130.0 | $152.5 | €160.0 | $172.9 | 400% | 23% | $363.8 |
| Spain | €120.0 | $160.5 | $150.0 | $176.5 | 25% | $337.0 | |||
| Netherlands | €100.0 | $133.8 | $120.0 | $140.1 | 20% | $273.9 | |||
| Switzerland | $100.0 | $100.0 | $150.0 | $155.5 | 50% | $255.5 | |||
| Finland | €80.0 | $107.0 | €100.0 | $114.9 | 25% | $221.9 | |||
| Belgium | €76.9 | $102.3 | €102.2 | $119.5 | 33% | $221.8 | |||
| Australia | AU$200.4 | $187.3 | -100% | $187.3 | |||||
| Luxembourg | €35.0 | $46.8 | €40.0 | $46.3 | 14% | $93.1 | |||
| Eire | €8.0 | $10.7 | €16.0 | $18.7 | 100% | $29.4 | |||
| Russian Federation | $3.0 | $3.0 | $10.0 | $10.5 | 233% | $13.5 | |||
| New Zealand | NZ$3.0 | $2.6 | NZ$15.0 | $10.6 | 400% | $13.2 | |||
| Monaco | €1.8 | $2.3 | €3.8 | $4.4 | €3.3 | $3.6 | 111% | -13% | $10.3 |
| Mexico | $10.0 | $10.0 | -100% | $10.0 | |||||
| Czechia | 110.0 Kč | $5.3 | €4 | $4.3 | -100% | 100% | $9.7 | ||
| Colombia | $6.0 | $6.0 | -100% | $6.0 | |||||
| Peru | $6.0 | $6.0 | -100% | $6.0 | |||||
| Hungary | 1,000.0 Ft | $4.3 | 200.0 Ft | $0.7 | -80% | $5.0 | |||
| Slovakia | $2.0 | $2.0 | €2.0 | $2.3 | 15% | $4.3 | |||
| Portugal | €2.0 | $2.7 | €1.0 | $1.2 | -50% | $3.9 | |||
| Iceland | $1.0 | $1.0 | $2.8 | $2.9 | 180% | $3.9 | |||
| Poland | 0.4 zł | $0.1 | $3.0 | $3.2 | 3100% | $3.3 | |||
| Estonia | €1.0 | $1.3 | -100% | $1.3 | |||||
| Slovenia | €1.0 | $1.2 | $1.2 | ||||||
| Malta | €0.4 | $0.6 | €0.8 | $1.0 | 100% | $1.6 | |||
| Panama | $1.0 | $1.0 | -100% | $1.0 | |||||
| Vietnam | $1.0 | $1.0 | -100% | $1.0 | |||||
| Indonesia | $0.3 | $0.3 | $0.5 | $0.5 | 67% | $0.8 | |||
| Cyprus | €0.4 | $0.5 | -100% | $0.5 | |||||
| Latvia | €0.4 | $0.5 | -100% | $0.5 | |||||
| Liechtenstein | 0.1 CHF | $0.1 | 0.2 CHF | $0.2 | 100% | $0.3 | |||
| Chile | $0.3 | $0.3 | -100% | $0.3 | |||||
| Bulgaria | €0.1 | $0.1 | $0.1 | $0.1 | 0% | $0.2 | |||
| Romania | $0.1 | $0.1 | €0.0 | $0.1 | -50% | $0.2 | |||
| Lithuania | €0.1 | $0.1 | -100% | $0.1 | |||||
| Mongolia | $0.1 | $0.1 | -100% | $0.1 | |||||
| TOTAL | $10,322.0 | $10,001.5 | $5,207.6 | $25,531.1 | |||||
Sources: GCF (2023) Standing of Pledges (IRM and GCF-1); second replenishment pledges added as introduced.
Be aware: GCF-2 pledges as of tenth September 2023. On the first session assembly for the second replenishment, members agreed on utilizing the six-month interval of 1 January 2023 via 30 June 2023 to calculate reference
Republished from NRDC. By Joe Thwaites, Senior Advocate, Worldwide Local weather Finance, Worldwide Program
Featured picture: emblem of Inexperienced Local weather Fund, public area.
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