The 27th Green Climate Fund (GCF) Board meeting begins today. The five-day, virtual meeting will consider approving 16 project proposals which would collectively invest over USD 1 billion for climate action in developing countries.
If all are approved, this would bring GCF’s current portfolio of allocated climate finance to USD 7.2 billion and a total of USD 23.2 billion when including co-financing.
The five-day meeting will also consider a number of policy issues, including an updated strategic plan, as well as making decisions on the accreditation of four new partners to propose and implement future climate initiatives funded by GCF.
As with previous GCF Board meetings, it will be possible to watch proceedings live or later through recorded sessions. The timing for each of the five days of the Board meeting will be 12pm – 4pm Coordinated Universal Time (UTC) / 9pm – 1am Korean Standard Time (KST).