An assessment of the public procurement standards related to Green Climate Fund-funded projects.
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Climate finance is essential in catalysing global and national efforts to safeguard the environment and people’s lives, and to avoid serious climate change. It involves flows of public money intended to support developing countries to reduce greenhouse gas emissions and adapt to environmental impacts, such as droughts, flooding, and sea level rise. This report examines the best practices regarding the transparency, accountability and integrity policies and standards set by four multilateral trust funds with significant climate finance portfolios: the Adaptation Fund, the Global Environment Facility (GEF), the Climate Investment Funds (CIFs) and the Green Climate Fund (GCF).