Abstract
ABSTRACT The Green Climate Fund (GCF) provides climate finance to both adaptation and mitigation projects. Since its establishment in 2010 it has been committed to country ownership and the needs of recipient countries. Interpretations of this commitment are shaped by the GCF’s guiding principles of transformational change and paradigm shift. These principles are used as discursive resources to form the content in project proposals, and to legitimize a top-down financialization of recipient countries, while describing it as country ownership and responsiveness to their needs. This is an example of how climate finance governance becomes a gateway for a deeper financialization of recipient countries.
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