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Funding Adaptation Action in Least Developed Countries with Support from the LDCF
The GEF’s adaptation support for Least Developed Countries (LDCs) is delivered through the Least Developed Countries Fund (LDCF). The LDCF is the only multilateral fund that focuses exclusively on the unique climate adaptation challenges of LDCs and is embraced by LDCs as their own. The fund has a strong track record of supporting LDCs to address adaptation priorities over more than two decades. It delivers targeted support to the world’s most vulnerable countries, and their people and ecosystems.
SCCF: Serving the Adaptation Needs of SIDS and Enhancing Technology Transfer, Private Sector Engagement, and Innovation
The Special Climate Change Fund (SCCF), established by the United Nations Framework Convention on Climate Change (UNFCCC) in 2001, is managed by the Global Environment Facility.
Extensive consultations with stakeholders guided development of a new strategy for 2022-2026. The strategy builds on existing strengths, while filling two major gaps in the adaptation finance landscape. Its two funding windows focus on supporting the adaptation needs of Small Island Developing States (window A) and strengthening technology transfer, innovation and private sector engagement (window B).
The GEF in Africa
Since its inception in 1991, the Global Environment Facility has steadfastly supported African countries as they seek effective and innovative approaches to a nature-positive economy. The GEF has helped implement more than 1,800 projects in Africa, with a total investment of $6.2 billion. These investments have leveraged over $40 billion from other stakeholders, including governments, bilateral and multilateral partners, the private sector, and civil society organizations.
GEF Council approves $1.1 billion and sets plans for biodiversity fund
The Global Environment Facility’s 186 member governments have agreed to invest $1.1 billion for international action on biodiversity, climate change, nature renewal, and pollution control, and met for the first time as Council of the new Global Biodiversity Framework Fund (GBFF).
GEF deploys additional high-impact climate adaptation funding
The Global Environment Facility’s member countries have approved $203 million in high-impact climate adaptation investment for Least Developed Countries, Small Island Developing States, and other countries needing to reinforce their food systems, water resources, and warning systems as a result of growing climate change risks.
GEF family of funds set for ambitious investments in nature
The Global Environment Facility’s governing board will start 2024 with decisions on more than $1 billion in funding for climate change adaptation, biodiversity, ocean health, pollution control, and more, as the GEF family of funds continues to expand the support it provides across multiple international environmental conventions.
Climate finance: the role of the climate funds in supporting developing countries
Climate finance must be increased to meet the global climate challenge so that developing countries can increase the ambition of their responses. This event highlighted a new joint declaration from the four multilateral climate funds - the Adaptation Fund, the Climate Investment Funds, the Global Environment Facility, and the Green Climate Fund - that emphasizes their commitment to develop an ambitious and concrete action plan to enhance access to climate finance and increase the collective impact of their actions.