GCPF’s objective is to mitigate climate change by reducing greenhouse gas (GHG) emissions in developing and emerging markets. To achieve this, the fund mainly provides financing to local financial institutions, which in turn provide loans for renewable energy energy efficiency and energy efficiency projects that achieve at least a 20% reduction in GHG emissions. Financial institutions must provide proof that the funded projects meet GCPF eligibility criteria, with all projects monitored closely. GCPF uses a proprietary tool to calculate key impact figures for all funded projects.
The GCPF carbon methodology and impact are comprehensively documented and substantiated by two external experts: