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.
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.
GCF Internship Programme now accepting applications
26 Feb 2020 / The GCF Internship Programme is now open for applications. The programme is designed for talented young individuals that have an interest in GCF’s operations and would like to gain experience working at the world’s largest climate fund. Interested candidates should apply by 24 March, with an expected start date of 15 June 2020.
Scaling up finance for transformative climate action in cities
12 Feb 2020 / GCF and UN-Habitat, the global agency for human settlements, recently held a joint information session at the UN World Urban Forum in Abu Dhabi, exploring how to scale up climate finance for cities. GCF is currently scoping how to expand its support for climate resilience and reducing emissions in the world's cities, as well unlocking private capital for urban renewal. The World Urban Forum is the foremost global gathering for sustainable urbanisation.
GCF signing enhances renewables uptake in Nepal
09 Jan 2020 / GCF has signed an agreement with Nepal’s Alternative Energy Promotion Centre (AEPC) to help boost this mountainous country’s ability to expand its renewable power and improve energy efficiency. The signing of the Accreditation Master Agreement (AMA) allows GCF to begin providing funds to address mitigation and adaptation needs in Nepal, focusing on vulnerable communities. AEPC was accredited as a GCF climate action partner in February last year.
GCF deepens country engagement with Tonga
11 Nov 2019 / A series of strategic engagements with Tonga was held recent by GCF, including high-level government meetings, stakeholder workshops, meetings with Accredited Entities and field visits to potential projects. These engagements were meant to help strengthen alignment of Tonga’s existing country programme, discuss project pipeline and readiness priorities, and support the development of an integrated project pipeline in alignment with the draft GCF climate resilient infrastructure sector guidance.
Climate-resilient infrastructure consultation held to improve sector guidance
29 Oct 2019 / GCF held a consultation on its approach to climate-resilient infrastructure in Basel, Switzerland on 28 October. The consultation was held to inform stakeholders of and receive feedback on the sector guidance on climate-resilient infrastructure, ensuring that the approach is aligned with the market and that GCF invests in activities with the most impact. It also initiated partnerships for cooperation to promote climate-resilient solutions.
GCF signs integrity agreement with Attijariwafa Bank
26 Aug 2019 / Agreeing to cooperate and consult on integrity matters, the Independent Integrity Unit (IIU) of GCF signed a Memorandum of Understanding (MoU) with Attijariwafa Bank. The MoU covers information-sharing, joint investigations and collaborations, as well as capacity-building support with the Bank's Compliance Office. The MoU will complement Attijariwafa Bank's Accreditation Master Agreement (AMA), which is currently under negotiation.
GCF strengthens private sector push in agreement with Proparco
14 Jun 2019 / GCF has enhanced its ability to tap financing from the business world with the recent signing of an Accreditation Master Agreement (AMA) with Proparco, the private sector arm of the development agency of France. The AMA sets the legal framework for Proparco to begin proposing and implementing climate finance projects in developing countries as a GCF Accredited Entity. Proparco plays a pivotal role in the Choose Africa initiative, launched earlier this year by French President Emmanuel Macron to encourage EUR 2.5 billion of investment in SMEs in Africa.
Learn about GCF’s REDD+ support during June webinars
14 Jun 2019 / GCF will host the first of a series of REDD+ webinars on 19 and 20 June to provide information about the Fund’s support for this financing method which reduces greenhouse gases while also protecting and restoring forests. Intended for both seasoned REDD+ practitioners and those new to REDD+, the sessions will cover all three REDD+ phases - including GCF’s start in February to making Results-Based Payments to countries proven to have halted deforestation. Three separate webinars will be conducted in English, French and Spanish.
Senegal climate resilience receives a boost with funding agreement
13 Jun 2019 / GCF has signed an agreement with Senegal's Centre de Suivi Écologique (CSE) to enhance the ability of local populations to deal with increasing soil salinisation caused by climate change. The signing of the Funded Activity Agreement (FAA) allows for this GCF Board-approved USD 8.2 million project to begin implementation. Planned activities by CSE, a Senegalese environmental monitoring centre, include strengthening the country’s ability to mainstream climate change into land management plans.