The GCF provides a range of financial instruments including grants, concessional loans, equity investments, and guarantees to support the implementation of climate projects.

The GCF evaluates proposals based on their potential impact on climate change mitigation and adaptation, paradigm shift potential, sustainable development potential, needs of the recipient, and country ownership.

The DOF, which is the country’s NDA, serves as the point of contact between the Philippines and GCF. As the NDA, DOF endorses project proposals, ensures they align with national priorities, and monitors the implementation of approved projects.