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The GEF’s adaptation support in the Least Developed Countries (LDCs) is delivered through the Least Developed Countries Fund (LDCF). The LDCF is the only multilateral fund that focuses exclusively on the unique climate adaptation challenges of LDCs and is embraced by LDCs as their own. The fund has a strong track record of supporting LDCs to address adaptation priorities over more than two decades. It delivers targeted support to the world’s most vulnerable countries, and their people and ecosystems.
In June 2022, the LDCF/SCCF Council developed a new climate change adaptation strategy for the 2022-26 period for the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF). This strategy outlines enhanced innovation, technology transfer, and private sector engagement as a key priority for both LDCF and SCCF Programming. The GEF’s focus in this area is responsive to UNFCCC guidance.
The Capacity-building Initiative for Transparency (CBIT) supports developing countries to build institutional and technical capacity to meet enhanced transparency requirements as defined in Article 13 of the Paris Agreement. The CBIT plays a key role to assist countries with tools and training as they prepare their Biennial Transparency Reports (BTRs), due by December 2024.
The Global Environment Facility is the largest and most experienced multilateral fund dedicated to addressing climate change and threats to nature around the world. The two climate change adaptation funds it manages - the Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) - are uniquely focused on helping vulnerable countries prepare for and cope with the impacts of a warming planet.
Back-to-back summits on climate change and biodiversity will offer the world a unique chance to come together on two of the most critical issues of our time - climate and biodiversity. Change is possible. But given the size of the crises, we must use the coming two months to be brutally honest about where we are and where we must get to. In this article for Devex, GEF CEO and Chairperson Carlos Manuel Rodriguez writes how key stakeholders need to seek unity on the well-being of our planet over the next eight weeks at climate COP27 and biodiversity COP15.