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.
Quick funds for climate-resilient food security in Micronesia
06 Oct 2021 / GCF has disbursed the first tranche of funds to its project partner Micronesia Conservation Trust to support adaptation action in the Federated States of Micronesia. Approved by the Board in March this year, the project has moved ahead rapidly and funds have now been released to start action on the ground. This is an example of how GCF is increasing its operational speed. With under 200 days passing between initial approval and the transfer of funds this is the fastest project to date within a Small Island Developing State, which are amongst the most vulnerable countries to climate change. Learn more about the project here.
Wake up to the looming water crisis
05 Oct 2021 / GCF is one of the contributing partners to the World Meteorological Organization’s State of Climate Services: Water report. The report highlights the growing threats to water security and supply caused by climate change in different regions. It also makes a case for integrated water resources management and sustainable investments as vital components of adaptation strategies. Containing inputs from more than 20 international organizations, development agencies, and scientific institutions, the report outlines recommendations for policymakers to improve the implementation and effectiveness of climate services for water worldwide. Read more about the report launch here.
Simplified Approval Process (SAP) Technical Guidance Compendium out now
20 Sep 2021 / The SAP Technical Guidance Compendium provides a comprehensive but easier-to-read description of the process in developing SAP concept notes and proposals. Designed to assist GCF Accredited Entities, National Designated Authorities/Focal Points, and consultants, the Compendium covers a range of areas that are applicable for GCF financing across both mitigation and adaptation result areas. All SAP technical guidelines, including the French and Spanish versions, are available on the GCF Publications webpage.
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.