Switzerland commits $148mn to Green Climate Fund

Switzerland will contribute 135mn Swiss francs ($148mn) over the next four years to the UN's Green Climate Fund (GCF), according to the country's Federal Council.

The Federal Council said the commitment was for the fund's second replenishment period — 2024-27. Switzerland contributed $100mn to the fund's first capitalisation in 2015-17 and $150mn in 2020-23.

The GCF finances projects in developing and emerging countries with a focus on mitigation and adaptation. Mitigation refers to efforts to reduce greenhouse gas emissions causing global warming, while adaptation refers to adjustments to avoid global warming impacts.
The GCF is the world's largest climate fund. As of December 2023, 31 countries had pledged support totalling $12.8bn over the next four years.

By Caroline Varin