Organisation strategy for Sweden’s cooperation with the Green Climate Fund for 2016–2018 Reference No.: UD2016/11355/GA
At the UN Climate Summit in Cancún in 2010, the parties agreed to establish a new climatefund: the Green Climate Fund (GCF). This strategy forms the basis of Sweden’s cooperation with GCF for the remainder of the Fund’s initial resource mobilisation period, 2016–2018.
An organisational assessment of the Fund will be possible ahead of the formulation of the next strategy, as the Fund only became fully operational in November 2015. The strategy will also guide Sweden's positions in the negotiations on the upcoming four-year budget for 2019–2022, or the replenishment cycle of the Fund (GCF1) expected to begin in 2017. The outcome of negotiations will be important for how the Fund contributes to the implementation of the new climate agreement and the 2030 Agenda, and in particular SDG 13 on climate action adopted by the UN General Assembly in September 2015. The strategy comprises funds as authorised by the Riksdag.
The strategy is guided by the Fund's role as part of the financial mechanism under the United Nations Framework Convention on Climate Change (UNFCCC) with its overall objective to stabilise the concentration of greenhouse gases in the atmosphere at a level that will prevent dangerous human interference with the climate system.
The strategy is based on the Government's objective for international development cooperation: promoting better living conditions for people living in poverty and oppression. It is also guided by the Policy for Global Development (Govt Bill 2002/03:122) with its overarching objective of contributing to equitable and sustainable global development, and the Swedish strategy for multilateral development cooperation.
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