The following objectives of the IEU are derived from the Government Instrument:

1. Informing the decision-making by the Board and identifying and disseminating lessons learned, contributing to guiding the Fund and stakeholders as a learning institution, providing strategic guidance;
2. Conducting periodic independent evaluations of the Fund’s performance in order to provide an objective assessment of the Fund’s results and the effectiveness and efficiency of its activities; and
3. Providing evaluation reports to the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) for purposes of periodic reviews of the financial mechanism of the Convention.