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ParametersTechnology MechanismGreen Climate FundAdaptation Fund
ObjectiveFacilitates access to environmentally-friendly technologies in developing countriesSupports low-emission and climate-resilient development in developing countriesFunds adaptation actions in developing countries that are particularly vulnerable to the adverse effects of climate change
Funding SourcePrivate and public sector investments, contributions from developed countriesContributions from developed countriesContributions from developed countries
Funding AllocationAllocated to projects and programs that promote technology transfer and development in developing countriesAllocated to projects and programs that promote low-emission and climate-resilient development in developing countriesAllocated to projects and programs that enhance the adaptive capacity of developing countries to climate change
FocusTechnology transfer and developmentLow-emission and climate-resilient developmentAdaptation to climate change
ImplementationImplemented through partnerships between governments, international organizations, and the private sectorImplemented through accredited entities, such as national development banks, international organizations, and the private sectorImplemented through accredited entities, such as national development banks, international organizations, and the private sector
Criteria for Funding ApprovalProposals must demonstrate the potential for greenhouse gas emissions reduction and/or adaptation to climate changeProposals must align with the priorities and goals of the Green Climate Fund, and must demonstrate potential for low-emission and climate-resilient developmentProposals must align with the priorities and goals of the Adaptation Fund, and must demonstrate potential to enhance adaptive capacity to climate change
EstablishmentEstablished 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
EligibilityAvailable to all developing countriesAvailable to developing countries that are Parties to the UNFCCCAvailable to developing countries that are Parties to the Kyoto Protocol
SizeNo specific funding amount, but relies on voluntary contributionsAs of December 2021, has received pledges totaling $11.7 billion USDAs of December 2021, has received pledges totaling $966 million USD
BenefitEncourages the transfer of clean technology from developed to developing countries, helping to reduce greenhouse gas emissionsHelps 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 impactsHelps vulnerable developing countries to adapt to the adverse effects of climate change, such as sea-level rise, droughts, and floods
Role of Private SectorEncourages the involvement of the private sector in technology development and transferPrivate sector involvement is encouraged in the design, implementation, and financing of projects and programsPrivate sector involvement is encouraged in the design, implementation, and financing of projects and programs
Board MembershipIncludes members from both developed and developing countries, as well as representatives from civil society and the private sectorIncludes members from both developed and developing countries, as well as representatives from civil society and the private sectorIncludes members from both developed and developing countries, as well as representatives from civil society and the private sector

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