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.
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.
Green Climate Fund strengthens ties with Italian partner for future climate action
10 Aug 2020 / The Green Climate Fund (GCF) and Cassa Depositi e Prestiti S.p.A. (CDP), an Italian public and private sector entity, took an important step forward this week towards jointly supporting low-carbon, climate-resilient societies in developing countries with the signing of an Accreditation Master Agreement (AMA). The agreement provides the foundation for future collaboration on transformative climate finance initiatives between GCF and CDP, which became a GCF Accredited Entity (AE), or project partner, in 2019. The AMA is a prerequisite for GCF to approve country-driven mitigation and adaptation projects proposed by AEs in partnership with developing countries.
Making the Green Climate Fund greener
29 Jul 2020 / GCF has joined the UN’s “Greening the Blue” as this initiative’s first non-UN agency. This means GCF will adopt rigorous measures taken by UN bodies to reduce their carbon footprints and other strains on the environment — including monitoring greenhouse gas emissions from its activities and taking steps to reduce them. GCF’s move towards reducing its own carbon and environmental negative impacts through a new strategy follows the formation at the start of this year of the GCF Sustainability Initiative — a voluntary group of staff members striving to strengthen internal low-emission practices.
EBRD-GCF Green Cities Facility Takes a Major Step Forward
30 Apr 2020 / A joint investment by the Green Climate Fund (GCF) and the European Bank for Reconstruction and Development (EBRD) will modernise the metro in Georgia's capital, kicking off an initiative to support low-carbon, climate-resilient urban development. The project is the first to be jointly co-financed by GCF and EBRD as part of the Green Cities Facility, which prioritises sustainable, green investment. Improving the resilience of vital urban infrastructure is essential to response to and recovery from the coronavirus pandemic.