The Fund is a unique global platform to respond to climate change by investing in low-emission and climate-resilient development. GCF was established to limit or reduce greenhouse gas (GHG) emissions in developing countries, and to help vulnerable societies adapt to the unavoidable impacts of climate change. Given the urgency and seriousness of this challenge, the Fund is mandated to make an ambitious contribution to the united global response to climate change.The climate challenge >
GCF at a Glance
Africa region increases ambition and boosts REDD+ action
More than 60 REDD+ experts and country representatives from 22 African countries gathered recently in Cote d'Ivoire to discuss challenges and opportunities to boost action on REDD+. In her opening remarks, Mrs Nassere KABA, deputy Chief of Cabinet, Ministry of Environment and Sustainable Development of Côte d’Ivoire emphasised that “REDD+ presents a pragmatic solution to fight climate change.” This workshop was the first occasion for African REDD+ countries to discuss a regional approach to collaborate in implementing REDD+ programmes across the continent. GCF is already financing REDD+ results-based payments in a number of countries.
GCF strengthens private sector push in agreement with Proparco
GCF has enhanced its ability to tap financing from the business world with the recent signing of an Accreditation Master Agreement (AMA) with Proparco, the private sector arm of the development agency of France. The AMA sets the legal framework for Proparco to begin proposing and implementing climate finance projects in developing countries as a GCF Accredited Entity. Proparco plays a pivotal role in the Choose Africa initiative, launched earlier this year by French President Emmanuel Macron to encourage EUR 2.5 billion of investment in SMEs in Africa.
Learn about GCF’s REDD+ support during June webinars
GCF will host the first of a series of REDD+ webinars on 19 and 20 June to provide information about the Fund’s support for this financing method which reduces greenhouse gases while also protecting and restoring forests. Intended for both seasoned REDD+ practitioners and those new to REDD+, the sessions will cover all three REDD+ phases - including GCF’s start in February to making Results-Based Payments to countries proven to have halted deforestation. Three separate webinars will be conducted in English, French and Spanish.