Activities are quick takes on GCF's activities and engagement with our stakeholders.
GCF projects under implementation hit the USD 2 billion mark
18 Feb 2019 / With Funded Activity Agreements for FP066 and FP058 coming into effect, the Green Climate Fund (GCF) marks another milestone – it now has USD 2 billion worth of projects under implementation. These projects help developing countries take climate action and meet their nationally determined contributions by shifting them to a low-emission and climate-resilient path.
SAP guidelines in French and Spanish
14 Feb 2019 / Simplified Approval Process (SAP) funding proposal preparation guidelines are now available in French and Spanish on our website. The new documents will make it easier for GCF Accredited Entities (AEs), National Designated Authorities (NDAs) and Focal Points to prepare high-quality project funding proposals under the SAP. Launched in 2017, SAP simplifies and streamlines GCF funding application process for smaller-scale projects or programmes.
Protecting indigenous communities through GCF projects
14 Feb 2019 / GCF's support for Indigenous Peoples was a topic examined at the Fourth Global Forum on Indigenous Peoples, hosted by IFAD from 12-13 February 2019. Leonardo Paat, senior safeguards specialist at GCF, explained the various mechanisms implemented by GCF to support indigenous communities in adapting to the impacts of climate change, and provided practical examples through projects that are currently being implemented.
13 Dec 2018 / A thought-provoking session at the GCF pavilion today explored how the private sector can mobilise capital to help developing countries deal with climate change. "We need innovation both in finance, technology and thinking to accelerate our response to climate change," Ayaan Adam, Director of GCF's Private Sector Facility, told the audience of the Innovative Finance session. Panellists and the audience discussed how to unlock private sector finances to generate the trillions of dollars needed to reduce emissions and make societies more climate resilient.
GCF accelerates project implementation at COP
13 Dec 2018 / GCF continued to use its presence at COP24 to drive climate action on the ground with its climate finance partners. This morning, it signed an agreement with Moroccan-based corporate and investment bank CDG Capital to enable this Direct Access Entity to begin proposing projects to receive GCF financing. In the evening, it set in place the legal framework to begin passing funds to Rwanda's Ministry of Environment in a project that will increase the climate resilience of farmers.
GEF-GCF event focuses on breaking silos for climate action
12 Dec 2018 / Naoko Ishii, CEO of the Global Environment Facility, stressed the importance of a system-based approach, and of breaking silos to fight climate change at a joint meeting with GCF at COP24. Javier Manzanares, GCF Executive Director a.i. identified three priorities for common action with GEF: scaling up projects, encouraging direct access, and developing country programmes. The need for cooperation was emphasised by Carlos Manuel Rodriguez, Minister of Environment and Energy of Costa Rica, who stated that the two funds are the way forward in Costa Rica, and need to work together.
Simplified Approval Process: promoting access to GCF resources
12 Dec 2018 / GCF’s event on the Simplified Approval Process (SAP) featured contributions from Ambassador Feturi - known as the champion of the process for his role in its development, as well as from the Rwandan Ministry of Environment, the Cook Islands, and the Environmental Investment Fund of Namibia - a GCF accredited entity which brought the first SAP project to be approved by the GCF Board.
Not just buildings! Climate resilient infrastructure debate stresses need for broad approach
11 Dec 2018 / Climate-resilient infrastructure is not just about concrete buildings, but also includes the "soft" infrastructure of social welfare: this was one of the key messages of a climate-resilient integrated infrastructure event hosted by GCF at COP24 today. Iñigo Ruiz-Apilanez, a civil engineer with engineering consultancy Arup, told participants that an effective adaptation approach requires considering social stresses, such as differences in incomes and who owns climate-impacted land. Lia Nicholson, a government project expert from Antigua and Barbuda, warned nations will increasingly face climate impacts such as in her country, which was hit by a category 5 hurricane last year after a three-year drought.
Science provides rationale for rational climate action
11 Dec 2018 / Strong science lies at the cornerstone of all effective climate action, participants heard at a GCF event held on the sidelines of COP24. Maxx Dilley, the WMO's climate prediction and adaptation director, said that a reliance on scientific evidence extends beyond providing early warning of climate disasters. Energy investments need to account for wind speeds and solar radiation, while agricultural climate projects should measure soil moisture, he said. Pa Ousman Jarju, Director of GCF's Country Programming Division, said that GCF readiness funding is available to help developing countries plan climate projects around the latest in scientific evidence.
Armenia grants P&Is to GCF
11 Dec 2018 / Armenia today signed a Privileges and Immunities agreement with GCF. Erik Gregoryan, Armenian Acting Minister of Nature Protection, signed the agreement with GCF Executive Director a.i. Javier Manzanares in the margins of COP24. The agreement, which is in line with those of other international organisations, will protect GCF's assets and ensure the effective performance of the Fund's activities. Signing such agreements was recommended in a decision of the COP for parties to the UNFCCC.