This paper is being developed in response to the Board’s request, under decision B.21/18, for the Secretariat to prepare for consideration by the Board and the replenishment process a strategic programming document outlining scenarios for the GCF’s first replenishment guided by ambitious mitigation and adaptation scenarios based on the GCF’s implementation potential, taking into account the needs of developing countries.

This Version 1 has been developed for initial consideration by the Board at its twentysecond meeting. It incorporates input from Board members and alternate members provided through an initial round of consultations. It is expected that the paper will continue to evolve based on the discussions at B.22 and through the replenishment process, further analytical work by the Secretariat, and the results of ongoing consultations.

GCF figures are based on data as at 31 December 2018.