The Green Climate Fund (GCF) is a United Nations initiative to finance climate change mitigation and adaptation projects in developing countries. Its objective is to help developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change, promoting a paradigm shift towards low-emission and climate-resistant development. Forty-three countries (including Spain) have committed to contribute to the GCF for a total amount of €10.3 billion.
As with financing through EU blending operations, the Green Climate Fund also works with accredited entities to channel available resources towards the financing of public and private sector projects and programmes. COFIDES is an accredited entity and can lead climate change mitigation and adaptation projects within the framework of the GCF.