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The [[United Nations Framework Convention on Climate Change|UNFCCC]] also has an operating entity of the financial mechanism on an ongoing basis - '''The Global Environment Facility'''. This entity also '''manages two special funds''' established by the Parties: the '''Special Climate Change Fund'''; and the '''Least Developed Country Fund'''.<ref>"The Global Environmental Facility", retrieved from: http://www.thegef.org/about-us</ref> The EU is the largest contributor of climate financing and it still aims to scale up climate financing with the goal of 20% of its budget being spent on climate action by 2020. <ref>Article “Financing Adaptation”, retrieved from: https://ec.europa.eu/clima/policies/adaptation/financing_en</ref>

While emphasising the importance of monetary aid to the most affected countries by climate change, a number of international organisations are actively engaged in administering and/or operating climate change funds, including the '''United Nations Development Programme (UNDP)''', the '''United Nations Environment Programme (UNEP)''', and the '''United Nations International Strategy for Disaster Reduction (UN-ISDR)'''. Also, a number of multilateral development banks have set up dedicated funds to address climate change.

In terms of international cooperation, the EU has set policies, legislation and initiatives for more efficient use of less polluting energy, cleaner and more balanced transport options, more environmentally friendly land-use and agriculture, more sustainable cities, more climate-resilient communities and fewer emissions from all sectors of our economy.<ref>"Adaptation to climate change", retrieved from: https://ec.europa.eu/clima/policies/adaptation_en</ref>

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