GCF signs agreement with Micronesia Conservation Trust to bolster Pacific resilienceBonn,
“Enhanced access to climate finance will help us take action to reduce the destruction of extreme weather events, and to improve our long-term planning to deal with a warming planet,” said Mr Kostka during the signing of an Accreditation Master Agreement (AMA).
MCT is one of GCF’s direct access Accredited Entities forging low-emission and climate resilient paths in Small Island Developing States. AMAs open the way for GCF to consider climate change projects which Accredited Entities, such as MCT, bring forward for funding approval.
Pa Ousman Jarju, director of GCF’s Country Programming Division said “GCF is particularly keen to support societies that are highly vulnerable, such as the Pacific islands where MCT is focusing its conservation work.”