The discussion paper describes why financial pledges are crucial for early action – namely project financing – of the Green Climate Fund (GCF). Of course each country decides for itself when it perceives the structure of a fund sufficiently defined in order to provide financial pledges and presumably every country has its own criteria it wants to see fulfilled before it provides financial pledges. Nevertheless the present discussion paper describes the interlinkage between the necessity for early pledges and the necessary process for the operationalisation of the GCF.