Global climate finance architecture

The global climate finance architecture is complex: finance is channeled through multilateral funds – such as the Global Environment Facility and the Climate Investment Funds – as well as increasingly through bilateral channels. In addition, a growing number of recipient countries have set up national climate change funds that receive funding from multiple developed countries in an effort to coordinate and align donor interests with national priorities.

There is generally much more transparency about the status of implementation of multilateral climate finance initiatives than of bilateral climate finance initiatives. The proliferation of climate finance mechanisms increases the challenges of coordinating and accessing finance.

The architecture of the funds

Please click on the image to open in a new page



Implementing Agencies and Institutions
AfDB African Development Bank
AFD French Development Agency
ADB Asian Development Bank
BZM Federal Ministry of Economic
Cooperation and Development
CIDA Canadian International Development
DECC Department of Energy and Climate
DEFRA Department for Environment, Food
and Rural Affairs
DFAT Department of Foreign Affairs and
Trade (Australia)
DFID Department for International
EBRD European Bank for Reconstruction and
EIB European Investment Bank
Ex-Im Export-Import Bank of the United
FAO Food and Agriculture Organisation
FFEM French Global Environment Facility
GIZ German Technical Cooperation
IADB Inter American Development Bank
IFAD International Fund for Agricultural
JBIC Japan Bank of International
JICA Japan International Cooperation
KfW German Development Bank
MIES Inter-ministerial Taskforce on
Climate Change
MOFA Ministry of Foreign Affairs
NORAD Norwegian Agency for Development
ODIN Ministry of Foreign Affairs
OPIC Overseas Private Investment
UNDP United Nations Development Programme
UNEP United Nations Environment Programme
USAID US Agency for International
WB World Bank


Multilateral Funds and Initiatives
AF Adaptation Fund (GEF acts as
secretariat and WB as trustee)
ACCF Africa Climate Change Fund
ASAP Adaptation for Smallholder
Agriculture Programme
CBFF Congo Basin Forest Fund (hosted by
CDM Clean Development Mechanism
(implemented under the Kyoto Protocol)
CIF Climate Investment Funds (implemented
through WB, ADB, AfDB, EBRD, and IADB)
CTF Clean Technology Fund (implemented
through WB, ADB, AfDB, EBRD, and IADB)
FCPF Forest Carbon Partnership Facility
FIP Forest Investment Program
(implemented through WB, ADB, AfDB, EBRD, and IADB)
GCCA Global Climate Change Alliance
GCF Green Climate Fund
GEF Global Environment Facility
GEEREF Global Energy Efficiency and
Renewable Energy Fund (hosted by EIB)
JI Joint Implementation (implemented
under the Kyoto Protocol)
LDCF Least Developed Countries Fund
(hosted by the GEF)
PMR Partnership for Market Readiness
PPCR Pilot Program on Climate Resilience
(implemented through World Bank, ADB, AfDB, EBRD, and IADB)
SCCF Special Climate Change Fund (hosted
by the GEF)
SCF Strategic Climate Fund (implemented
through WB, ADB, AfDB, EBRD, and IADB)
SREP Scaling Up Renewable Energy Program
(implemented through WB, ADB, AfDB, EBRD, and IADB)
UNREDD United Nations Collaborative
Programme on Reducing Emissions from Deforestation and Forest Degradation


National Climate Funds
AmF Amazon Fund
BCCTF Bangladesh Climate Change Trust
BCRF Bangladesh Climate Resilience Fund
FONERWA Rwanda National Climate and
Environment Fund
GRIF Guyana REDD+ Investment Fund
ICCTF Indonesia Climate Change Trust Fund
MCCF Mexico Climate Change Fund
PSF Philippines People’s Survival Fund


Bilateral Funds and Initiatives
GCCI Global Climate Change Initiative
ICF International Climate Fund (UK)
ICFI International Climate Forest
Initiative (Norway)
ICI International Climate Initiative
NAMA facility Nationally Appropriate
Mitigation Action facility (UK and Germany)