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US climate envoy supports “indispensable” GCF role during climate forum
US Special Presidential Envoy for Climate John Kerry has said the US will provide strong ... a clear signal that we value the Fund's work, and we look forward to investing in its work in the years ahead,” ... by the US Administration that it will ask Congress for USD 1.25 billion in funding for GCF during this budget ...
Article > Press release 
GCF support to the Amazon
... carbon) into a source due to sustained high rates of deforestation and forest degradation. More worryingly, scientists have alerted ... scenario, the Amazon would flip into a landscape of non-forest ecosystems, suddenly releasing a large proportion of ...
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Readiness and preparatory support to operationalize the Climate Smart Resilient Island (CSRI) Initiative across Small Island Developing States
... Determined Contributions (NDCs). There is huge potential for mutual learning of the different island states on an inter-regional scale, but to date there is no formalized and coordinated exchange between SIDS in this ... partner countries’ NDAs access to a user-friendly website serving as a communication and knowledge platform for ...
Document > Approved readiness proposal Maldives GIZ
Launch of Green Guarantee Company to mobilise billions in climate finance
... company is set to unlock billions in climate finance for developing countries by providing guarantees for ... Kingdom’s Foreign Commonwealth & Development Office (FCDO) through its MOBILIST programme, the Green Climate Fund ... urgent.” Andrew Mitchell, UK Minister of State in the FCDO, says: GGC’s ambition to unlock USD 1 billion in ...
Article > Press release MUFG_Bank 
Bridging the climate-health gap
... infrastructure and medical and human resources, with costs for healthcare systems exceeding USD 1.1 trillion [2] . It’s clear: health and climate are inextricably linked: for good health outcomes, we need good climate outcomes. The ... the resilience of health systems. [4] Country demand for health adaptation funding is growing: 95% of Nationally ...
Article > Insights 
About GCF
... low-emissions, climate-resilient pathways. Our transformative approach We achieve our goal by investing across ... human security, livelihoods and wellbeing; and land-use, forests and ecosystems – and employing a four-pronged approach: Transformational planning and programming: by promoting ...
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Green Climate Fund Board meeting sets stage for successful replenishment
... ended today, with a raft of decisions to strengthen GCF for its first replenishment. Following the selection of ... GCF resources, and took steps to strengthen operations, reinforce standards and close policy gaps. The meeting also ... USD 100 million for Nigeria Solar IPP Support Program with AFC FP105 – USD 69.6 million for BOAD Climate Finance ...
Article > Press release 
Green Climate Fund and World Bank partnership unlocks USD 2.7 billion for climate action, Marshall Islands first to benefit with USD 44M project
... Javier Manzanares and Laura Tuck, World Bank Vice President for Sustainable Development, met on Friday in Washington ... of the Marshall Islands, which is facing an increased force of tropical storms that threaten its sustainability. ... Fund and the World Bank”, said Laura Tuck Vice President for Sustainable Development, World Bank. “We’re ...
Article > Press release WorldBank 
GCF helps XacBank become first Mongolian bank to finance large-scale solar
... buoyed by GCF’s ability to plug the financial risk gap for initial renewable investment. GCF alleviated the ... built with a total investment of USD 17.6 investment – is forecast to reduce greenhouse gas emissions by 12,270 tons ... he said on Saturday during an official opening ceremony for the solar plant in the Mongolian capital of Ulaanbaatar. ...
Article > Press release Mongolia XacBank 
GCF replenishment wins strong endorsement at COP24
... Georg Borsting, Policy Director from the Ministry of Foreign Affairs, reiterated Norway’s recent announcement ... needs to grow. He stated, “We expect GCF to actively care for the needs of developing countries, especially in light ... the urgency of the climate challenge, and the key role for GCF in supporting developing countries. He congratulated ...
Article > Press release 
GCF’s first private sector conference boosts business role in climate finance
... networks to unleash the trillions of dollars needed for climate finance. GCF’s Private Investment for Climate Conference wound up today, following two days of ... Jay Koh, managing director of global investment platform the Lightsmith Group, indicated the private sector’s ...
Article > Press release 
"GCF has a huge role to play"
... of representatives from the region as we chart a path for resilient and low-emission transformation for the Pacific. I would also like to thank the Government ...
Article > Press release Micronesia (Federated States of) 
Energy transition accelerates with GCF support
GCF releases USD 86.7 million for Kazakhstan project with EBRD, building on an existing ... to meet the Paris Agreement’s stated goal of pursuing efforts to limit the global temperature increase to 1.5 ... but translating these ambitions into action is not straightforward. A supportive policy framework is needed that ...
Article > Press release Egypt Kazakhstan EBRD 
Climate change hurting the poor, Mali President says in call for action
Republic of Mali President Ibrahim Boubacar Keïta called for a united approach to tackle the inequalities of climate ... within development planning is a national imperative for the survival of our ecosystems and population," he said. ... the first Africa Dialogue, Mr Bamsey emphasised the need for an uptake of private sector investment to drive regional ...
Article > Press release Mali 
Unlocking the Green Climate Fund: Learning from the Readiness Programme
... Programmes, designed to assist entities in applying for accreditation to GCF. As Ms Kerricia Hobson, ... entities that would most likely be accredited, therefore allowing the limited resources needed to build capacity ... of International Climate Finance, at Germany’s Ministry for the Environment, revealed this was regularly discussed ...
Article > Press release UNDP 
Shoring up early warning systems for Asia-Pacific SIDS
... that climate change is making more extreme, difficult to forecast and, for these and other Small Island Developing States (SIDS), ... projects. The Project Preparation Facility assistance for Enhancing EWSs to build greater resilience to hydro and ...
Article > Press release Multiple countries WMO 
GCF discusses progress at Marrakech climate talks
... working to create a Fund that is innovative and truly transformational; one that has the backing of all countries, as ... and preparatory support programme is central to these efforts. It enables developing countries to receive support to ... “At B.11, the Board approved USD 168m; at B.13 – USD 265m; and at B.14 – USD 745m.” The GCF Board will ...
Article > Press release 
GCF Board closes key policy gaps as project pipeline reaches $1.5 billion
... of the Fund’s first Strategic Plan, its Work Plan for 2016, and the accreditation of 13 new entities. “The ... find a common middle ground so that we can continue moving forward,” said Mr. Fakir. The Board accredited 13 new ... Investment Bank (EIB); International Finance Corporation (IFC); Unidad Para el Cambio Rural from Argentina (Unit for ...
Article > Press release 
GCF side event asks ‘what makes a good project?’
... Fund on 2 December brought together over 500 participants for a discussion on how to create good low-emission and ... ambition. Mr. Harboe welcomed the event as an opportunity for the Fund to receive direct feedback from developing ... early experiences of putting together project proposals for GCF’s consideration. He called upon developing ...
Article > Press release 
Structured Dialogue with Africa
... implementation of ambitious projects and programmes that conform with countries' climate action aspirations and to the ... Discussions during the Dialogue highlighted strong support for the role of GCF, amid calls for the Fund to maintain and enhance its engagement with the ...
Event > Structured dialogue Mali 
Structured Dialogue with Latin America
... such as energy, cities, electric transport, and forests and ecosystems were also developed between Latin ... electric transport and mobility potential and solutions for the region; Work was advanced on several country ... in GCF's accreditation pipeline. The REDD+ Request for Proposals was also the subject of much interest, with ...
Event > Structured dialogue Colombia 
UN forum side event highlights need for GCF replenishment
... This was one of the key messages at a recent GCF information panel held earlier this week during a UN forum addressing finance for global development. Ambassador Luis Alfonso de Alba, the ...
Article > Press release 
Green Climate Fund Board approves USD 267 million for climate action, agrees decision-making procedures
... (GCF) Board approved ten new projects and agreed procedures for adopting decisions in the event that all efforts at ... consensus have been exhausted. The Board allocated USD 266.9 million in GCF resources for climate action in ... stated, ‘The approval of ten new projects worth USD 267 million reinforces the importance of GCF for developing ...
Article > Press release 
UN Climate Summit paves the way for an ambitious and successful replenishment of the Green Climate Fund
... in the Fund’s ability to deliver ambitious and transformative climate action.” “The Secretary-General’s strong support for replenishment has been crucial to the successful outcome ... building activities (known as readiness support) helping 126 developing countries identify and address their most ...
Article > Press release Multiple countries 
GCF private sector conference makes business case to lower planet's climate costs
... Executive Director Yannick Glemarec articulated his call for enhanced business action to tackle the climate crisis ... on the private sector. The three-day Private Investment for Climate Conference wound up yesterday in Incheon, the Republic of Korea, with a clear message for businesses and other financial institutions to embrace ...
Article > Press release 
Climate investments critical for post-COVID recovery: GCF conference highlights mobilisation of private capital to green developing economies
Investors at the GCF Private Investment for Climate Conference have flagged the pandemic as a wake-up call for efforts to shift portfolios towards climate-friendly ...
Article > Press release 
GCF commits to support climate resilient transformation at Climate Adaptation Summit
... national and global leaders gathered to ramp up financing for adaptive measures to deal with climate change, especially for poor populations that are most at risk. Glemarec ... that funding towards four outcomes: supporting transformational country planning, catalysing climate innovation, ...
Article > Press release 
Barbados, Belize PMs hail ‘essential’ GCF role in Caribbean
... decades of socio-economic gains. The Caribbean is at the forefront of the fight against climate change,” stated ... Glemarec. “I commend the Caribbean region’s vision for economic revitalisation in the CARICOM Economic Recovery and Transformation Plan for its pioneer work to foster such a ...
Article > Press release 
GCF signs partnership agreement with BNP Paribas to accelerate climate action
... The Accreditation Master Agreement (AMA), a requirement for all GCF Accredited Entities, enables BNP Paribas to propose climate projects for GCF funding. “The signing of this agreement is a milestone for us and a major step forward for climate action. Our ...
Article > Press release BNP_Paribas 