Published 2017
The Green Climate Fund – The ‘new kid on the block’
By Manfred Konukiewitz

Manfred Konukiewitz is Deputy Director General, Global and Sectoral Policies and Commissioner for Climate Policy at the German Federal Ministry for Economic Cooperation and Development (BMZ). As Commissioner for Climate Policy, he advises on climate related issues in development policy, in particular international climate finance.

The Green Climate Fund (GCF) was launched in 2010 by a landmark decision of the Conference of Parties for the United Nations Framework Convention on Climate Change (CoP 16 in Cancun, Mexico). After intense, yet challenging negotiations in a ‘Transitional Committee’ appointed by the CoP, the GCF opened its door for business in 2014, located in Songdo, Korea. In its initial resource mobilisation drive at the end of 2014, the GCF collected US$ 10.3 billion from contributors, almost exclusively in grant quality. Initial disbursements of funds to developing countries were made in 2015. Total financial commitments from the GCF are at US$ 2.2 billion, as per April 2017. A breakdown is provided on the GCF website.¹