Green Climate Fund in Bhutan

The Green Climate Fund (GCF) was established at the 16th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) and designated it as an operating entity of the financial mechanism in 2011. The fund is operated from the contribution of developed countries, where funds are accessed by Developed, Developing, Least Developed Countries and Small Island Developing States to respond to the challenges of climate change.

In Bhutan, the Gross National Happiness Commission serves as National Designated Authority (NDA) and acts as an interface between the Royal Government of Bhutan and GCF. So far, projects worth USD 56.868 million have been approved under the GCF, mostly availed through projects and readiness support programs.