Establishment | Established under the United Nations Framework Convention on Climate Change (UNFCCC) | Established under the United Nations Framework Convention on Climate Change (UNFCCC) | Established under the Kyoto Protocol to the UNFCCC |
Eligibility | Available to all developing countries | Available to developing countries that are Parties to the UNFCCC | Available to developing countries that are Parties to the Kyoto Protocol |
Size | No specific funding amount, but relies on voluntary contributions | As of December 2021, has received pledges totaling $11.7 billion USD | As of December 2021, has received pledges totaling $966 million USD |
Benefit | Encourages the transfer of clean technology from developed to developing countries, helping to reduce greenhouse gas emissions | Helps developing countries to shift towards low-emission and climate-resilient development, which can reduce their vulnerability to climate change and increase their resilience to its impacts | Helps vulnerable developing countries to adapt to the adverse effects of climate change, such as sea-level rise, droughts, and floods |
Role of Private Sector | Encourages the involvement of the private sector in technology development and transfer | Private sector involvement is encouraged in the design, implementation, and financing of projects and programs | Private sector involvement is encouraged in the design, implementation, and financing of projects and programs |
Board Membership | Includes members from both developed and developing countries, as well as representatives from civil society and the private sector | Includes members from both developed and developing countries, as well as representatives from civil society and the private sector | Includes members from both developed and developing countries, as well as representatives from civil society and the private sector |