FAQs about the COP, Conference of the Parties

9. What does the Green Fund mean for lower income countries?

The Green Climate Fund is a financial institution created by the United Nations Framework Convention on Climate Change (UNFCCC) in 2011. Its headquarters are located in Songdo, South Korea. Its objective is to finance projects, programs, policies, and other activities to prevent climate change or its consequences.

The developing countries are the recipients of the financing, so that they can meet their adaptation and mitigation needs in the fight against climate change in accordance with the conditions established in the Paris Agreement document. As a financing mechanism, it follows a series of criteria to financially support developing countries.

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