The Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF) are each are governed by a separate Trust Fund Committee having equal representation from contributor and recipient countries.

The CTF Trust Fund Committee oversees the Fund’s operations, provides strategic direction, and also approves and oversees its programming and projects.

The SCF Trust Fund Committee approves the establishment of its targeted programs and advises on strategic direction. SCF targeted programs include the Forest Investment Program (FIP), Pilot Program for Client Resilience (PPCR), and Scaling-up Renewable Energy Program (SREP), each of which is governed by its own Sub-Committee.

"Active" observers from the UN, GEF, UNFCC, civil society, and indigenous people and the private sector are invited to participate in meetings of the Trust Fund Committees and Sub-Committees.

Decision of the Trust Fund Committees and Sub-Committee are made by consensus.