Page 84 - GIZ CAFRI Report

The Green Climate Fund (GCF) was established in 2010 by 194 countries that are party to the United Nations
Framework Convention on Climate Change (UNFCCC). It became fully operational in 2015 and is the operating entity
of the UNFCCC’s nancial mechanism. With its Head Quarters in the Republic of Korea, the GCF is committed to
helping developing countries reduce their greenhouse gas (GHG) emissions and adapt to climate change. Investments
made by the GCF are aimed at achieving the greatest impact in the developing world and supports the paradigm shifts in
adaptation and mitigation. ese strategic investments will limit or reduce greenhouse gas (GHG) emission in developing
countries, and help vulnerable societies adapt to the unavoidable impacts of climate change.
NABARD is accredited as National Implementing Entity in 10th Board meeting of GCF held on 9 July 2015. NABARD
aims to deploy GCF resources to meet the agreed full and incremental costs for activities to enable and support enhanced
action on adaptation, mitigation (including REDD-plus), technology development and transfer (including carbon capture
and storage), capacity-building and the preparation of national reports.

Sanctioned 2 Projects

134.36 Million USD