Multilateral climate funds

Global Environmental Facility

Climate Investment Funds

Adaptation Fund

Four main

Multilateral Climate Funds

The Green Climate Fund

Official Website

The Adaptation Fund was established to finance concrete adaptation projects and programmes in developing countries that are parties to the Kyoto Protocol and are particularly vulnerable to the adverse effects of climate change. Since 2010, the Adaptation Fund has committed more than US$ 850 million for climate change adaptation and resilience projects and programmes, including more than 123 concrete, localized projects in the most vulnerable communities of developing countries around the world with 28 million total beneficiaries.

Official website

GCF was established under the Cancún Agreements in 2010 as a dedicated financing vehicle for developing countries within the global climate architecture, serving the Financial Mechanism of the UNFCCC and the Paris Agreement. Since the approval of the first project funding in 2015, GCF has made rapid strides in building a portfolio of more than 100 projects. It works with various partners to support developing countries in funding their Nationally Determined Contributions.

Official website

Established in 2008 from recognition by world leaders that climate change and development are inextricably intertwined, CIF is an enabler of pioneering climate-smart planning and climate action in low and middle-income economies, many of which are the least prepared yet the most prone to the challenges of climate change. CIF responds to the worldwide climate crisis with large-scale, low-cost, and long-term financial solutions to support countries achieve their climate objectives.

Official website

The GEF was established in 1992 as a catalyst for action on the environment. It is a partnership of 18 agencies - UN and NON-UN - that supports developing counrties in tackling the most pressing environmental issues. It serves as the financial mechanisms for various environmental-related conventions, and has climate change as one of its main focal areas.