Financing INDC Conversion through the GCF

As the Green Climate Fund (GCF) opens its doors and other sources of climate finance scale up their support to developing countries, the coming years will be pivotal in helping countries convert their commitments under the Paris Agreement into financeable investment strategies.

Early action on INDC conversion is critical. For many developing countries, the implementation of national climate change plans represents significant new efforts that will require putting in place enabling environments that attract low-carbon investment. This will in turn improve countries’ capacities to develop long-term strategies and subsequent climate commitments. At the GCF’s early stages of operation, supporting the development of programs anchored in a broader country strategy can help promote ambitious action and mobilize private financing.