Least Developed Countries Fund (LDCF)

The Least Developed Countries Fund (LDCF) was founded in 2001 during the seventh climate summit in Marrakech and is under the authority of the Global Environment Facility (GEF).

Objectives

The fund serves the individual needs of the 48 least developed countries (LDCs), which are particularly vulnerable to the adverse effects of climate change, in particular to help them in coping with the costs related to adapting to climate change. It also aims to support the LDCs in drawing up national adaptation programs of action (NAPAs). These illustrate the most urgent and immediate needs of the countries in terms of adapting to climate change. To a limited extent the LDCF also funds the implementation of projects coming out of the NAPAs.

Funding volume and Germany’s contribution

Until late 2017 the LDCF has funded 250 projects with a volume of $1.16 billion coming from donor countries. By May 2017 Germany pledged and deposited €200 million to the LDCF. In absolute terms, Germany is the largest contributor. In relation to gross domestic product, however, Germany ranks only 8th among the contributors. Germany pledged another €50 million to the LDCF at COP 23 in Bonn in November 2017 (February 2018).