GCF-UN Climate Summit paves the way for an ambitious and successful replenishment of the Green Climate Fund
Calls from UN Secretary-General António Guterres to double contributions to the Green Climate Fund were met by ambitious pledges from many countries, led by Sweden’s doubling of their contribution to USD 852 million. The new pledges made at the UN Climate Summit have raised the replenishment total beyond USD 7.4 billion, with more contributions expected at the pledging conference in Paris on 24-25 October.
GCF Executive Director Yannick Glemarec stated: “The Climate Summit reaffirmed the importance of the Green Climate Fund to win the race against climate change. We are grateful to all the countries which made ambitious new pledges, and to those who voiced their support. This is a vote of confidence in the Fund’s ability to deliver ambitious and transformative climate action.”
“The Secretary-General’s strong support for replenishment has been crucial to the successful outcome of the Climate Action Summit. The new climate finance resources announced this week as well as those already made will help GCF provide urgently needed support to the most vulnerable communities facing the climate crisis”, he added.