Information Note on the Green Climate Fund Business Model Framework The Governing Instrument of the Green Climate Fund stipulates: The Board will consider additional modalities that further enhance direct access, including through funding entities with a view to enhancing country ownership of projects and programmes. Unfortunately, it does not elaborate further either on the concept of ‘enhanced direct access’ nor on the notion of a ‘funding entity’. The aim of this note is to fill this semantic lacuna, and give a brief overview of a concrete example of the latter.