The GCF supports mitigation and adaptation measures in developing and emerging countries, such as the introduction of renewable energies on a large scale, the implementation of climate-friendly mobility concepts and the setting up of early warning systems for extreme weather conditions. Special emphasis is placed on supporting the Lowest Developed Countries (LDCs), small island states and African countries.

Germany’s step is intended to set an example for others, for as of 2020, the international community seeks to provide an annual 100 billion US dollars for climate adaptation in the Global South.

Getting the private sector on board

For example, the GCF envisages involving private capital for risk insurances and to back projects. Companies could support the activities of local non-governmental organisations with compensation certificates.

One successful measure is the “Primaklima” project in Nicaragua. It supports the afforestation efforts of the Nicaraguan community of San Juan de Lima. According to the “Prima Klima” organisation, around half of Nicaragua’s rainforest was cleared for cotton-growing in the 1950s.