The Green Climate Fund has signed an Accreditation Master Agreement with Conservation International, broadening the Fund’s global reach to support climate action.
Conservation International, an international non-profit organization and GCF Accredited Entity, is helping to protect nature and encourage sustainable development in over 30 countries across six continents.
Accreditation Master Agreements are critical as they deepen ties between GCF and its Accredited Entities, which propose and carry out the climate finance projects GCF approves. They are also a prerequisite for the disbursement of project funds.
Conservation International President Jennifer Morris said the signing of the Accreditation Master Agreement is a critical step in helping the organisation address climate change.
“CI has a long history of using nature-based solutions to combat climate change in countries around the world least able to cope with a changing climate,” said Ms Morris.
“Joining forces with the GCF provides us with additional financial means to expand our reach and increase our impact. This will include the launch of a first of its kind public-private investment program to stimulate investment in climate-resilient land use in Madagascar, our first approved GCF project.”
GCF Executive Director Howard Bamsey said GCF will benefit from the international NGO’s well-established model of conservation based on science, fieldwork and strong partnerships with governments and indigenous people’s organizations.
“Conservation International’s rich experience in reducing deforestation and improving agricultural practices will be a welcome addition to the Fund’s growing capacity to deal with climate change,” Mr Bamsey said.
More details about the Madagascar project carried out jointly by Conservation International and the European Investment Bank, also a GCF Accredited Entity, are available here.