Basic elements of the Green Climate Fund The Green Climate Fund was created in 2010, established in 2012 & operational since 2013 TYPE : Financial Mechanism of the UNFCCC MEMBERS : 194 member countries of the Convention GOVERNANCE: Council + Secretariat + Independent Units TERMS OF REFERENCE: Promote low GHG emission in developing countries in line with their climate change strategies and action plans (LED, NAMA, PAN) HEAD OFFICE: Songdo, Republic of Korea GCF funds projects in 8 strategic sectors