Between 2008 and 2016, steadily increasing amounts were committed to the GCCA, to reach €368 million at the end of 2016 (see diagram). This makes it one of the largest climate initiatives in the world.

 

Cumulative committed GCCA funding 2008-2016

 

This funding originates from the EU budget, the 10th European Development Fund (EDF) and contributions from Ireland, Sweden, Estonia, Cyprus and the Czech Republic (see next diagram). It includes fast start funding committed between 2010 and 2012 to meet the pledge made in 2009 at the 15th Conference of the Parties to the UNFCCC (Copenhagen) to support immediate action on climate change in developing countries. Fast start funding from the European Commission, Ireland, Estonia and Cyprus has contributed €104 million to GCCA-supported interventions in Africa, Asia and the Pacific.

 

2008-2014 origin of committed funding

 

Climate change knows no borders

The GCCA is now supporting 61 programmes in Caribbean, Africa, Asia and Pacific regions, and more programmes are in preparation. 

In the 2007-2013 Multi-annual Financial Framework (MFF), the GCCA received funding of close to EUR 300 million from the ENRTP thematic programme funded by the EU budget plus EUR 37 million from 5 Member States (MS) and a further EUR 37 million from the intra Africa Caribbean and Pacific (ACP) programme for the intra-ACP GCCA. In conformity with EU commitments on external cooperation, the GCCA+ initiative should make a greater contribution towards achieving the overall target of at least 20 % of the EU budget contributing to low carbon and resilient societies; for the period 2014-2020. Funding of approximately EUR 350 million is being provided to the GCCA+, while a follow-up programme to the 10th EDF intra-ACP GCCA, with funding of EUR 70 million from the 11th EDF intra-ACP allocation, also completes this global EU flagship initiative. Contributions from Member States (MS) to the GCCA+ instrument would be welcomed, as would in-country joint cooperation with new and future GCCA+ projects.