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Governance of the Fund

 

  • For purposes of the LDCF, the GEF functions under the guidance of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP).
  • With respect to decision making for the LDCF, the GEF Council meets as the Council for the LDCF and the SCCF (hereinafter referred to as the LDCF/SCCF Council).
  • Any GEF Council Member is eligible to take part in the LDCF/SCCF Council. Any GEF Council Member may choose to participate in the LDCF/SCCF Council or to attend as an observer.
  • The policies and procedures and the governance structure of the GEF apply to the LDCF, unless the LDCF/SCCF Council decides it is necessary to modify such policies and procedures to be responsive to the guidance of the COP.
  • All GEF documents regarding the governance of the LDCF are publicly available on the GEF website.

 

As stated above, the LDCF follows the GEF’s policies and rules in all aspects of their operations (such as fiduciary standards, streamlined project cycle, result-based frameworks, and monitoring and evaluation practices, among others) except for when the LDCF/SCCF Council decides otherwise in response to COP guidance, as appropriate.