The Green Climate Fund (GCF) will host the 41st meeting of the GCF Board (B.41) in Songdo, Incheon, Republic of Korea from February 17 to 20, 2025.
Twelve new climate projects totalling $736.8 million of GCF funding will be considered for Board approval.
Half of the proposed projects focus on adaptation in some of the world’s most climate-vulnerable countries, three are private-sector projects, and two would be the first single-country projects for Togo and Serbia. Three projects were developed under the Project-specific Assessment Approach (PSAA), a recent initiative to facilitate new partnerships and enhance access to GCF funding.
The Board will also consider the accreditation of six new organisations as GCF project implementing partners. Five of the six are regional or national organisations, with the majority coming from a Least Developed Country or Small Island Developing State.
Other items on the agenda include discussions about establishing a GCF regional presence to enhance the Fund’s support for developing countries.
Nearly 400 participants will attend B.41, including observers from civil society and private sector organisations, National Designated Authorities (NDAs), Accredited Entities, and other partners who assist in delivering climate finance to developing countries.
GCF Board members and their alternates are drawn equally from developed and developing countries.
The GCF Board is charged with the governance and oversight of the Fund’s management. It was established by 194 sovereign governments party to the UN Framework Convention on Climate Change (UNFCCC). The Board is independent and guided by the Conference of the Parties (COP) to the Convention.