Revisiting the Green Climate Fund in the Pacific
19 Apr 2023
Global climate funds have faced much criticism for failing to deliver fast and flexibly enough to match the urgency of the climate crisis, especially for the world’s most climate vulnerable countries.
In the Pacific, the Green Climate Fund (GCF) – the world’s largest climate-dedicated fund – is generally seen as slow and difficult to work with. Australia, the Pacific’s largest donor, committed an initial US$187 million to the GCF and served as co-chair of its board. But the previous Australian government withdrew its involvement in 2018, citing governance and operational challenges and stating it would instead provide its climate financing through bilateral channels.
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