News & stories

News

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.

Recent activities

Activities are quick takes on GCF's activities and engagement with our stakeholders.

Green Climate Fund strengthens ties with Italian partner for future climate action

10 Aug 2020 / The Green Climate Fund (GCF) and Cassa Depositi e Prestiti S.p.A. (CDP), an Italian public and private sector entity, took an important step forward this week towards jointly supporting low-carbon, climate-resilient societies in developing countries with the signing of an Accreditation Master Agreement (AMA). The agreement provides the foundation for future collaboration on transformative climate finance initiatives between GCF and CDP, which became a GCF Accredited Entity (AE), or project partner, in 2019. The AMA is a prerequisite for GCF to approve country-driven mitigation and adaptation projects proposed by AEs in partnership with developing countries.

Making the Green Climate Fund greener

29 Jul 2020 / GCF has joined the UN’s “Greening the Blue” as this initiative’s first non-UN agency. This means GCF will adopt rigorous measures taken by UN bodies to reduce their carbon footprints and other strains on the environment — including monitoring greenhouse gas emissions from its activities and taking steps to reduce them. GCF’s move towards reducing its own carbon and environmental negative impacts through a new strategy follows the formation at the start of this year of the GCF Sustainability Initiative — a voluntary group of staff members striving to strengthen internal low-emission practices.

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. Improving the resilience of vital urban infrastructure is essential to response to and recovery from the coronavirus pandemic.

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. Tonga has been selected as a strategy mission country after the successful completion of its country programme and project pipeline.

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. IIU is continuously working on its goal of establishing similar agreements with counterpart offices of all Accredited Entities as a means of ensuring the safeguarding of GCF resources.

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.