The Conference of the Parties,
Recalling decision 3/CP.17, annex,
1. Notes the report of the Green Climate Fund to the Conference of the Parties at its thirtieth session, including the information therein on action taken by the Board of the Fund in response to guidance received from the Conference of the Parties, while noting that there is room for improvement;
2. Welcomes:
(a) The increase in the number of funding proposals approved, which brings the total amount approved by the Board to USD 19.3 billion to support the implementation of 336 adaptation and mitigation projects and programmes in 134 developing countries;
(b) The increase in the number of entities accredited by the Board, which brings the total number of accredited entities to 158, of which 106 are direct access entities;
(c) The increase in the approval of grants for readiness support for national adaptation plans and other adaptation planning processes, bringing the total number of grants approved for readiness support for national adaptation plans and other adaptation planning processes to 144;
(d) The number of approved projects focused on technology, representing 83 per cent of the project portfolio (261 projects in total), and that the Fund continues to progress in advancing efforts related to technology incubation and acceleration and in providing readiness support for technology and technology needs assessments; (e) The approval by the Board of the Fund’s revised accreditation framework, emphasizing that its implementation should enhance access to the Fund’s resources and improve the speed, predictability, efficiency, flexibility and transparency of processes;
3. Urges the Board to ensure that implementation of the revised accreditation framework continues to contribute to achieving the Strategic Plan for the Green Climate Fund 2024–2027 goal of doubling the number of direct access entities with approved funding proposals, and to further enhance the efficient and timely delivery of resources by simplifying access modalities so as to reduce procedural burdens and ensure more timely, effective and balanced access to resources for developing country Parties, including by exploring ways to enhance the efficiency of Board meetings in line with the Governing Instrument for the Fund and the rules of procedure of the Board therein;
4. Encourages the Board to continue to promote the use of direct access modalities, including by enhancing efforts to support capacity-building for direct access entities and improving non-governmental direct access, including for Indigenous Peoples, in accordance with relevant policies; 5. Also encourages the Fund to continue to strengthen its partnerships with the private sector, including with small and medium-sized enterprises, in a manner that complements public finance and supports the implementation of country-driven priorities;
6. Further encourages the Board to consider measures to improve and strengthen its work with the Adaptation Fund and the Global Environment Facility on their fast-track accreditation programme, including through the potential mutual acceptance of their respective accreditation systems, as appropriate, subject to the limitations of their accreditation and the relevant decisions of the Adaptation Fund Board and the Council of the Global Environment Facility, with a view to dramatically simplifying access to funding under the Green Climate Fund;
7. Recommends that the Board encourage the submission of funding proposals from direct access entities, without limiting the number that each entity may submit at a meeting of the Board or limiting the number of projects that the Board may approve for each entity at each of its meetings, notwithstanding considerations on Board capacity;
8. Invites the Board to consider areas for improvement in the project approval cycle, including on the basis of lessons learned from the consideration of funding proposals; including on the basis of lessons learned from the consideration of funding proposals;
9. Notes the progress of the Green Climate Fund in reducing project review times to nine months or less and urges the Board to take action to expedite disbursement of funding and enhance implementation efficiency;
10. Encourages the Fund to continue to improve complementarity, coherence and coordination with other multilateral climate funds as envisaged in Strategic Plan for the Fund 2024–2027 in order to strive for greater impact in the delivery of climate finance;
11. Reaffirms that the Fund’s country-driven approach should be upheld in all policies, procedures and operational modalities of the Fund, in line with nationally determined priorities, nationally led programming and the central role of national designated authorities as focal points;
12. Acknowledges the establishment of regional presence of the Fund and looks forward to the operationalization of regional presence in line with Board decisions GCF/B.41/10 and GCF/B.42/14 on the basis of a thorough and fair review process in line with Board procedures;
13. Encourages the Board to continue to promote technology development and transfer in line with the Governing Instrument for and relevant policies of the Fund, including by strengthening synergies between the Fund and the Climate Technology Centre and Network;
14. Also encourages the Board to thoroughly enhance the review process for the adoption of the policies and guidelines necessary for strengthening the Fund secretariat’s financial management capabilities and available instruments, including through the adoption of a policy on foreign currency hedging and a policy on foreign exchange management and liquidity management;
15. Highlights the need to increase the commitment authority within the Fund and requests the Board to urgently consider ways to enhance the commitment authority of the Fund;
16. Urges the Board to adopt an updated gender action plan for the second replenishment of the Fund, noting the previous plan for 2020–2023, and to actively contribute to the implementation of activities under the Belém gender action plan for 2026–2034 adopted by decision -/CP.30;
17. Invites Parties to submit views and recommendations on elements of guidance for the Fund via the submission portal8 no later than 12 weeks prior to the thirty-first session of the Conference of the Parties (November 2026);
18. Requests the Standing Committee on Finance to take into consideration the submissions referred to in paragraph 17 above in preparing its draft guidance for the Fund for consideration by the Conference of the Parties at its thirty-first session and the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement at its eighth session (November 2026);
19. Also requests the Board to include in its annual report to the Conference of the Parties information on the steps it has taken to implement the guidance provided in this decision;
20. Takes note of decision -/CMA.7 9 and decides to transmit to the Fund the guidance from the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement contained in paragraphs 2–4 of that decision.
