Check out all the recent developments at the Green Climate Fund. GCF news includes coverage of major events and activities, details of GCF projects and programmes, and GCF's engagement with its stakeholders.
Activities are quick takes on GCF's activities and engagement with our stakeholders.
First Hydromet Gap Report calls for scaled-up action
08 Jul 2021 / The first Hydromet Gap Report, launched in July 2021, tells us how far we have to go to tap the benefits of effective weather and climate services. It presents the challenges of the complex global and local undertaking required and proposes priority actions to scale up support to developing countries to strengthen their capacity. The report is presented by leaders of the Alliance for Hydromet Development, which includes GCF as well as WMO and other international development, humanitarian and financial institutions. ‘Better weather forecasts and early warning systems would save millions of lives’, stated GCF Executive Director Yannick Glemarec. ‘Better climate analytics can also dramatically reduce climate physical and transition risks for businesses and preserve livelihoods.’ The Hydromet Gap report is available here.
Partner agreement after Board project approval to benefit Rwandan farmers
06 Jul 2021 / GCF has signed an agreement with the International Union for Conservation of Nature (IUCN) to implement a project enhancing the climate resilience of Rwandan farmers only a day after the project’s approval. The GCF Board gave the green light to the Transforming Eastern Province through Adaptation project at its 29th meeting, which concluded on 1 July. The USD 49.6million initiative - which strengthens adaptation and reduces emissions through improved land management - focuses on Rwanda’s Eastern Province, comprising the country’s largest farming area.
GCF kicks off Programming Dialogue with the Pacific
08 Jun 2021 / The Green Climate Fund's (GCF) Programming Dialogue with the Pacific region began with opening remarks by Saiyad Hussain, Acting CEO of Fiji Development Bank, who acknowledged the increase in GCF climate action investments in the region since the last dialogue in 2018. The week-long virtual dialogue will focus on moving the project pipeline of the Pacific forward while providing support for Direct Access Entities to strengthen the climate rationale of their projects. Over 120 people from the public sector, GCF National Designated Authorities (NDAs) and Accredited Entities (AEs), and civil society organisations are expected to participate in the regional dialogue.
GCF and the Trade and Development Bank of Mongolia celebrate signing an Accreditation Master Agreement
04 Feb 2021 / The Trade and Development Bank of Mongolia (TDB Mongolia) organised a virtual ceremony to mark its signing of an Accreditation Masters Agreement (AMA) with the Green Climate Fund (GCF). During the event, GCF’s Director of Division of Country Programming, Pa Ousman Jarju, and TDB’s Orkhon Onon welcomed the partnership and acknowledged the collaborative work that led to this milestone. The AMA marks an important step towards strengthening Mongolia’s capacity to implement transformational climate investments that support national climate ambitions. The agreement sets the course for future collaboration between GCF and TDB on transformative country-driven mitigation and adaptation projects.
Testing phase launched for GCF’s Portfolio Performance Management System – a step forward in digitalising GCF
20 Jan 2021 / The Green Climate Fund's (GCF) Office of Portfolio Management launched the User Acceptance Test for its Portfolio Performance Management System (PPMS). A handful of Accredited Entities (AEs) from multiple regions are taking part in this testing phase, with an expectation that the PPMS will launch in February 2021. The PPMS is a centralised portfolio management system, which aims to increase the efficiency of monitoring and managing performance and risks in GCF projects. The digitalisation of programmatic systems will help GCF and AEs collaborate and report on climate results.
GCF Programming webinar for Asia advances interactive knowledge sharing despite COVID-19 limitations
04 Dec 2020 / As part of the Green Climate Fund’s (GCF) efforts to bolster countries' institutional capacities and sustain climate action projects in the era of COVID-19, GCF recently organised a Technical Programming Webinar for National Designated Authorities and Direct Access Entities from Asia. The interactive webinar featured plenary presentations, breakout sessions, peer to peer knowledge sharing and polling, and covered a range of topics including the latest programming updates such as the PPF guidelines, Multi-Year Strategic Readiness, and Climate Resilient Readiness. Representatives from the Government of Afghanistan and Infrastructure Development Company Limited (IDCOL) also had the opportunity to share their experiences about GCF's programming. Watch the webinar here.
GCF and KfW join forces to help African coastal communities
25 Nov 2020 / GCF has signed an implementation agreement with German development bank KfW for GCF’s first “blue economy” project in the Western Indian Ocean targeting four African countries. This ecosystem-based adaptation project is financing the Blue Action Fund. The non-profit fund empowers local NGOs to help coastal communities use ocean resources sustainably in Tanzania, Madagascar, South Africa and Mozambique.
Fourth Annual Dialogue with Climate Finance Delivery Channels
24 Nov 2020 / The Fourth Annual Dialogue with Climate Finance Delivery channels brought together the heads of the Green Climate Fund, the Adaptation Fund, the Global Environment Facility and the Climate Investment Funds in a virtual meeting facilitated by GCF Executive Director, Yannick Glemarec. The heads of the climate finance funds discussed the need for financial support to developing countries in order to develop robust fiscal and economic recovery plans from the COVID-19 pandemic and create sustainable and quality jobs. The Dialogue highlighted the importance of collaboration between climate finance funds to deliver stronger climate action in developing countries. The joint report between GCF and the Climate Investment Funds (CIF), “Synergies between climate finance mechanisms”, can be found here.
New e-course on developing GCF SAP funding proposal now available
04 Sep 2020 / The Green Climate Fund (GCF) launched a new e-learning course providing detailed information on the key elements required to develop a SAP funding proposal. The online course ‘Developing GCF funding proposal for the Simplified Approval Process (SAP)’ is an important resource to help participants develop a robust proposal and offers explanations from GCF experts on topics such as theory of change, environmental and social risk requirements, and financing tools. The course was first released in English in December 2019 and is now also available in French and Spanish.
Afghanistan advances GCF country programming
01 Sep 2020 / The Green Climate Fund (GCF) and the Government of Afghanistan completed two virtual technical discussions, making significant progress in the country's programming exercise. GCF provided valuable guidance to the country's National Designated Authority, the National Environmental Protection Agency, and ministries on developing strategic climate project pre-concept notes. The 12 pre-concept notes reviewed ranged from solar panel rooftops to irrigation infrastructure projects. An upcoming high-level dialogue between GCF and the Government of Afghanistan will further discuss the country’s climate action roadmap and engagement with GCF’s programming cycle.