There are also funds that operate outside the Convention like the Climate Investment Funds or national funds like the UK’s International Climate Fund8. The Green Climate Fund (GCF) is the only stand-alone multilateral financing entity whose sole mandate is to serve the Convention and which aims to deliver equal amounts of funding to adaptation and mitigation (GCF, 2015). It is envisaged the GCF will play a key role in channelling new, additional, adequate and predictable financial resources to developing countries and will catalyse climate finance, both public and private, and at the international and national levels (Decision 3/CP.17).