The Green Climate Fund signed an Accreditation Master Agreement (AMA) today with German development agency GIZ. This agreement will allow Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to carry out climate finance projects approved by the GCF Board.
Tanja Gönner, Chair of GIZ’s Management Board, said GCF is a key instrument for international climate finance. “This accreditation is therefore an important step to ensuring that our global commitment to climate change mitigation is even stronger in the future,” stated.
GCF Howard Bamsey noted about a third of GIZ’s portfolio is already dedicated to reducing harmful emissions and adapting to the impacts of climate change. “We are looking forward to receiving innovative ideas from GIZ on how to shift paradigms driving low-emission and climate resilient growth,” Mr Bamsey said.