In June 2022, the LDCF/SCCF Council developed a new climate change adaptation strategy for the 2022-26 period for the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF). This strategy outlines enhanced innovation, technology transfer, and private sector engagement as a key priority for both LDCF and SCCF Programming. The GEF’s focus in this area is responsive to UNFCCC guidance. The role of the LDCF and SCCF as a catalyst to enable greater private sector action and support for climate adaptation is recognized in the Long-Term Vision on Complementarity, Coherence and Collaboration between the Green Climate Fund (GCF) and the GEF. This also aligns with the evaluation by the GEF Independent Evaluation Office on support to innovation. The evaluation recommends that the GEF continue to explore and partner with innovation support programs that may mobilize larger sources of risk capital, and explicitly encourage adaptive, flexible management of innovative interventions

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