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An Overview of the Green Climate Fund: How It Works, Its Importance, and Its Challenges

By Alcilene Farias (CFC-GS/UFPA) What is the Green Climate Fund? The Green Climate Fund (GCF) is an international climate finance fund established under the United Nations Framework Convention on Climate Change (UNFCCC) with the aim of financing actions to mitigate greenhouse gas emissions and adapt to the impacts of climate change, particularly in developing countries (UNEP, 2025). The fund was

Least Developed Countries Fund

By Sândrya Neves (CFC-GS/UFPA) The Least Developed Countries Fund (LDCF) is a type of international climate finance established under the UNFCCC (United Nations Framework Convention on Climate Change) to support countries that are extremely vulnerable to climate change. This fund was established in 2001, during the 7th Conference of the Parties (COP7), with the primary objective of financing adaptation actions

Understanding GEF: The Fund Driving the Planet’s Green Future

By Yandra França (CFC-GS/UFPA) The Global Environment Facility (GEF) is an initiative established in 1991 following the Earth Summit (Eco-92) as a pilot program of the World Bank, designed as an international initiative to finance projects addressing global environmental challenges. Operating as a multilateral fund (Learn more about multilateral funds), it pools resources from various countries, financial organizations, and international

Biocarbon Fund for Sustainable Forest Landscapes (ISFL)

By Tiago Conceição (CFC-GS/UFPA) The BioCarbon Fund for Sustainable Forest Landscapes (ISFL) is a strategic multilateral cooperation initiative administered by the World Bank and funded by donor countries. Its primary objective is to contribute to the mitigation of greenhouse gas emissions associated with land use. To achieve this goal, the fund promotes integrated actions that include combating deforestation and forest

Forest Carbon Partnership Facility: Financing for Reducing Emissions from Deforestation and Forest Degradation

By Juan Carlos Pereira (CFC-GS/UFPA) The current climate change mitigation landscape recognizes the preservation of tropical and subtropical forests as an indispensable pillar for achieving the goals set forth in the Paris Agreement. Forests store approximately 80% of terrestrial carbon above ground and 40% of carbon below ground, but their destruction remains a critical source of emissions, accounting for about

What is the Climate Investment Fund?

By Lucas Cunha (CFC-GS/UFPA) The Climate Investment Funds (CIF) is one of the world’s largest multilateral climate finance mechanisms, with $12.5 billion committed since its creation in 2008 and investments in nearly 400 projects across 82 low- and middle-income countries. Created as an initiative of the G8 and G20, the CIF operates uniquely within the climate finance landscape, distinguished by

Tracking Climate Financing #11: Climate Financing for the Preservation of the Negro River Basin.

By Luan Gloria (CFC-GS/UFPA) The conservation of the Negro River Basin, home to the world’s largest dark-water river, is crucial and extends beyond its traditional population. It receives strong support from international partnerships, which provide financial resources to ensure the environmental protection of this region. The Negro River originates in Colombia, where it is called the “Guiania River,” flows through

Tracking Climate Financing #10: Amazon Conservation

By Tiago Conceição (CFC-GS/UFPA) The Amazon is the largest tropical rainforest on the planet and plays a vital role in the global climate balance. However, the advance of deforestation, mining, and agricultural expansion threatens its biodiversity and its indigenous peoples. In this context, environmental organizations have been working to protect this region. Among them is the Amazon Conservation Association, an

Tracking Climate Financing #9: First Amazonas Fiscal and Environmental Sustainability Programmatic Development Policy Financing 

By Sândrya Neves (CFC-GS/UFPA) The project known as the First Development Policy Financing Program for Fiscal and Environmental Sustainability in Amazonas is a loan provided by the World Bank to the Government of the State of Amazonas. The operation is part of the Development Policy Financing (DPF) instrument, which the World Bank uses to support institutional reforms and public policies.

Tracking Climate Financing #8: How the Pandemic Changed BDMG’s Plans CLIMATE ACTION FL II

By Yandra França (CFC-GS/UFPA) The European Investment Bank (EIB) is one of the world’s largest multilateral providers of climate finance. In this project, in partnership with the Development Bank of Minas Gerais (BDMG), more than 100 million euros were made available to the Minas Gerais-based bank, specifically for the renewable energy sector. Through a partial loan established in 2019, the

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