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GCF and MUFG Bank initiative to accelerate green energy transition in Chile
11 Dec 2019 / Today at COP25, the Green Climate Fund (GCF) and MUFG Bank, Ltd. took the first step towards allocating GCF resources to the Espejo de Tarapacá renewable energy project in Chile by signing a Funded Activity Agreement (FAA). The project, which was submitted by MUFG Bank – one of GCF’s Accredited Entities – will be led by the renewable energy developer Energía Valhalla.
GCF speeds up funding process to help meet urgent need for climate action
15 Nov 2019 / The Green Climate Fund (GCF) has signed implementation agreements for three climate finance projects immediately after they were approved by the GCF Board during its meeting on 12-14 November. The rapid move from Board approval to legal agreements represents a first for GCF in terms of accelerating the speed of available funding to meet the urgent need for climate action in developing countries.