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Green Climate Fund UPSC NOTE

 What is Green Climate Fund

  • The Green Climate Fund (GCF) is a critical player in the global fight against climate change

  • Established in 2010 under the UNFCCC, the GCF channels financial resources to developing countries for climate mitigation and adaptation efforts.

  • Projects and programs funded by the GCF are proposed and driven by developing countries themselves, aligning with their national priorities and needs.

  • The GCF offers grants, concessional loans, guarantees, and equity instruments to

cater to diverse project needs and leverage additional funding from public and private sources.

  • GCF's primary objective is to assist developing countries in achieving their Nationally Determined Contributions (NDCs) - national climate action plans under the Paris Agreement.

  • The fund prioritizes projects that reduce greenhouse gas emissions, build resilience to climate impacts, and promote sustainable development.

Why Afghanistan not included in COP

  • The Taliban’s takeover of government institutions has meant that Afghanistan is unable to access key U.N. climate funds, including the Green Climate Fund

  • Afghanistan is one of the countries most vulnerable to climate change.

  • But the country was absent from the COP-28 climate summit in Dubai.

  • It has been left out of U.N. talks since the Taliban took over Kabul in 2021..

  • The GCF had approved nearly $18 million for a sustainable energy project in Afghanistan before the Taliban’s takeover. 

  • That project has now been “put on hold to allow for a full review of current and emerging risks”, GCF spokesperson Stephanie Speck said.

  • Other proposals that the previous Afghan government had been working on sought more than $750 million.

  • This includes projects to improve irrigation and deploy rooftop solar panels in Kabul

  • They, too, have been postponed, according to a NEPA document.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Green Climate Fund UPSC NOTE
Green Climate Fund UPSC NOTE
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