A Call for an Ambitious GCF-2 Replenishment

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We are calling for all developed countries to step up and fulfill their commitments to the Green Climate Fund's (GCF) second replenishment. As the IPCC's Sixth Assessment Report emphasizes, urgent action is necessary to mitigate the effects of climate change - and finance plays a critical role in enabling this response. However, more is needed for countries to pledge funds; this money must be granted in full for effective, lasting change to take place.

All parties must fulfill their pledges and contribute their fair share of resources towards the 100 billion dollar goal set out by GCF-1. Then, with an ambitious second replenishment (GCF-2) of more than double that amount), we can make a real impact on the climate crisis. The GCF projects, for example, support renewable energy projects in developing countries, helping them transition to a low-carbon economy.

The Green Climate Fund plays a vital role in global efforts to tackle climate change. We urge all parties to come together and take the necessary steps to ensure a successful replenishment. This can be achieved through collective action, collaboration, and equitable responsibilities.

We also emphasize the importance of the GCF's country ownership approach for ensuring successful outcomes. This approach recognizes that effective climate action has to be tailored to local needs and priorities. In addition, it should provide meaningful participation from civil society, local communities, and indigenous peoples in the design and implementation of projects. With such an approach, climate action will have a lasting impact.

To ensure this ownership, the GCF must also prioritize gender equality and actively tackle corruption, and promote accountability and integrity in its activities. Ensuring that the most vulnerable are included in the fight against climate change is essential. By adhering to these principles, the GCF can continue to drive meaningful climate actions and build a more equitable tomorrow.

In conclusion, we at Transparency International movement call for all developed countries to step up and fulfill their commitments to the GCF's second replenishment. We urge them to provide adequate resources that can be used for adaptation, mitigation, and other funds and projects necessary to fight climate change. We can effectively tackle the climate crisis through collective action and equitable responsibility sharing. We must also strive to ensure that those most vulnerable are not left behind and that adequate resources are allocated for country-driven climate action.

The time for action is now.