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GCF invests USD 99 million in EBRD Green Cities Facility to reduce urban climate impacts
... agreement with funding partner EBRD. Cities have a vital role in achieving the Paris Agreement to keep temperature ... - from sustainable irrigation in Morocco, to renewables in Egypt, to green economy credit lines and green cities across our countries of ...
Article > Press release 
GCF meets with top global investors to boost private sector climate finance
... top financial firms. GCF Executive Director Yannick Glemarec and the GCF’s Private Sector Facility Director ... Private Investment for Climate Conference. The roundtables, held during GCF’s second Private Investment for ... were representatives from MUFG Bank, Macquarie, HSBC, Credit Suisse, Standard Chartered Bank, Allianz, ING, Swiss ...
Article > Press release 
Stepping up climate action in the Cook Islands
... for what might populate their country programme to tackle climate change—supported by the Green Climate Fund. ... country’s 15 islands met on the island of Rarotonga on 26 May to identify where climate mitigation and adaptation ... prepare to access GCF resources, such as pursuing accreditation and building a pipeline of projects that is ...
Article > Press release Cook Islands 
Blue-Green Investment Corporation
... we will see some of the largest, earliest increases in sea levels and temperatures and where droughts and floods will ... that draws in other financing players like banks, credit unions, pension funds, and insurance companies and ... a large proportion of the public. Still, it will be wholesale in operation, financing green programs sponsored by ...
Document > Approved project preparation funding application Barbados
GCF IRMF webinar series for AEs: revised FP template and GCF support to DAEs for IRMF implementation
... Framework (IRMF) webinar series for Accredited Entities ... of the funding proposal template which reflects the requirements of the newly adopted ... window; Eligible outcomes, activities, and deliverables; How to draft and submit the proposal. Two sessions ...
Event > Webinar 
GCF and DBSA partnership to boost climate investments in the Southern Africa region
... kick-off the programme to break market barriers and accelerate investments into climate projects. The Southern ... mobilising private sector investments is crucial. Nevertheless, a series of market barriers in the region are ... USD 56 million, will break these barriers by providing credit enhancements such as subordinated debt tranches and ...
Article > Press release Multiple countries 
GCF helps reduce renewable business costs in South Africa
... Climate Fund (GCF) will help drive down the price of renewable energy in South Africa by boosting the private sector’s ... to reduce the cost of investing in South African renewables on the sidelines of GCF’s second Private Investment ... to be implemented by DBSA, provides credit support to renewable energy projects – with a ...
Article > Press release South Africa 
Scaling the role of climate finance after COP27
... 2023 to assess the outcomes of COP27, particularly the role of climate finance and how to scale its impact for ... 80 per cent of yearly global climate finance, since higher credit ratings and a more threatening investment ... public climate finance could employ some of the hard-earned lessons drawn from developmental aid to ensure a more ...
Article > News update 
Iraq unveils plans for ambitious climate project pipeline
... priorities in one of the world’s most climate-vulnerable countries. Furthermore, this programme will serve as a ... is committed to supporting the Government of Iraq as it scales up its climate ambitions and actions.” GCF’s Middle ... on irrigation and limited adaptive capacity. Photo credit: ©FAO/Cengiz Yar. Iraq FP249 Iraq unveils plans for ...
Article > News update Iraq 
GCF Board closes key policy gaps as project pipeline reaches $1.5 billion
... first Strategic Plan, its Work Plan for 2016, and the accreditation of 13 new entities. “The Board has reached ... vision, operational priorities, and an action plan to be implemented by 2018. The Strategic Plan strengthens the ... Investment Bank (EIB); International Finance Corporation (IFC); Unidad Para el Cambio Rural from Argentina (Unit for ...
Article > Press release 
GCF Private Investment for Climate Conference 2022
... Conference (GPIC). A flagship event that gathers global leaders from the private and public sectors to accelerate ... and adaptation Speakers: Mitsuhiro Yamawaki, Deputy CEO, Credit Guarantee and Investment Facility Anuj Awasthi, VP Operations, Credit Guarantee and Investment Facility Kamran Khan, ...
Event > Events organised / involving GCF 
GCF and World Bank sign renewable energy project agreement
GCF and the World Bank have signed an instrumental legal agreement to rapidly begin implementing the second ... impacts of climate change. The Sustainable Renewables Risk Mitigation Initiative Facility (Phase 2 Resilience ... of SRMI-Resilience’s FAA, the World Bank, as the accredited entity, can now rapidly move from approval to ...
Article > News update 
GCF.10: 10 years of climate impact
... Overview" is now out! Follow GCF at COP30: visit the website Raising Ambition, Empowering Action In November 2015, ... with GCF-funded projects Over × Anticipated CO₂ equivalent avoided *Aggregated estimates based on all approved ... private sector project in Rwanda. Amazon indigenous peoples hold key to forest’s future The first GCF-backed ...
Basic page
Amazon indigenous peoples hold key to forest’s future
... Ecuador Peru FP001 FP019 FP100 FP134 Amazon indigenous peoples hold key to forest’s future ...
Article > Story Multiple countries 
Strengthening institutional capacities and coordination mechanisms for accelerating and scaling up the mobilization of climate finance in Mozambique
... It has been estimated that the country will need at least USD 11 billion for the implementation of its NDC ... that are need to fully and effectively perform its roles and responsibilities in the context of climate finance ... opportunities Support FNDS with the finalization of the accreditation process and start the formulation of an Entity ...
Document > Approved readiness proposal Mozambique
Investing in climate action with GCF
... climate change. …But this is easier said than done. Multiple barriers exist to scaling up investments in climate ... amongst investors and limited access to long-term, affordable financing for climate innovators and entrepreneurs. This ... Initiative for the Great Green Wall is promoting access to credit and technical assistance to local farmers and banks ...
Article > Insights 
Asian private sector ambition key to climate solution, Dialogue finds
... driving the Asian economic powerhouse can be funnelled to complement public sector-funded climate action, ... - including 23 governments, corporations, NGOs and GCF Accredited Entities - to the Indonesian island of Bali on 26 to 29 April to explore climate finance priorities and ...
Article > Press release Indonesia 
Making blended finance work for adaptation
Dear colleagues, The United Nations Environment Programme estimates ... Fund or GEF. Let me give you a couple of concrete examples of our approach in action. The Global Fund for Coral ... as well as a dedicated green guarantee company to provide credit enhancement and access to lower financing costs for ...
Article > Speech
GCF heralds innovative ‘Bhutan for Life’ partnership at launch ceremony
... the World Wildlife Fund (WWF). GCF’s contribution of USD 26.6 million was approved by its Board last month to support ... prevent threats to Bhutan’s forests, preserving their role as a carbon sink. Bhutan for Life will also support ... be found on the Bhutan for Life project page on GCF’s website . Bhutan Bhutan GCF heralds innovative ‘Bhutan for ...
Article > Press release Bhutan 
Enhancing climate finance and investment in LAC banking sector
The Financial Sector plays a fundamental role in mobilizing the resources necessary to finance a low ... (operational risk) and indirectly, through their portfolio (credit and market risk), depending on the location of their ... to assess their portfolio on climate change and meet GCF accreditation process standards, while mobilizing interest of ...
Document > Approved readiness proposal Multiple countries
GCF approves Project Preparation Facility grant to establish Barbados green bank
... PPF provides financial and technical assistance to GCF Accredited Entities for the preparation of high potential ... approval by GCF. Pegasus Capital Advisors will be GCF’s Accredited Entity for the BGIC PPF and Funding Proposal. ... conceptualised by the Barbados Prime Minister Mia Mottley to help Caribbean countries to meet their targets for ...
Article > Press release Barbados 
Support for accreditation gap assessment and action plan for the Rwanda Development Bank
... of Rwanda. For more than four decades, BRD has been the sole pro- vider of long-term finance and has significantly ... Rwanda is requesting a gap assessment support for accreditation for BRD. The support will help BRD better understand the accreditation support as well as identify the different ...
Document > Approved readiness proposal Rwanda
GCF/B.21/10/Add.20 - Consideration of funding proposals – Addendum XX Funding proposal package for FP098
... the following three parts: A funding proposal summary titled “DBSA Climate Finance Facility” submitted by the Development Bank of Southern Africa; No-objection letters issued by the national designated authorities or ... These documents are presented as submitted by the accredited entity and the national designated authority(ies) ...
Board document > Action item
GCF Board opens B.19 meeting, elects Lennart Båge and Paul Oquist as new Co-Chairs
... meeting in Songdo, Republic of Korea. Paul Oquist has been elected as the developing country Co-Chair, whilst Lennart ... B.19 Board meeting will therefore take place from Monday 26 February until Thursday 1 March, and will be presided by ... developing countries on the Executive Committee of the UNFCCC Warsaw International Mechanism for Loss and Damage. Dr. ...
Article > Press release 
GCF targets private investment shift at inaugural climate conference
... entrepreneurship of businesses in tackling the climate challenge, and comes on the heels of a seminal UN report ... the urgency of climate action evidenced by the release on Monday of the IPCC report Global Warming of 1.5°C. ... that climate action could yield an economic gain of USD 26 trillion through to 2030 compared with business-as-usual. ...
Article > Press release 
GCF, UN Environment launch project to fortify the Gambia against droughts, floods
... change into planning at the national, district and village levels throughout the Gambia," said Minister Dibba. ... regions is being implemented by UN Environment, a GCF Accredited Entity. Pa Ousman Jarju, GCF's Director of Country ... 26 percent of its GDP. The geographic nature of this smallest mainland African country, a meandering strip of land ...
Article > Press release Gambia 
GCF and Africa Finance Corporation drive low-emission development in Africa
... Corporation (AFC). The two organizations signed an Accreditation Master Agreement (AMA), a prerequisite for all GCF Accredited Entities to implement GCF-approved projects. AFC was accredited to GCF in ...
Article > Press release 
GCF upgrades climate support for vulnerable Pacific nations
... with the Pacific Community (SPC). GCF today signed an Accreditation Master Agreement (AMA) with this Pacific-based regional body to provide the legal framework for funding climate projects. GCF Deputy ... in 1947 as the South Pacific Commission, as many of its 26 members are Pacific SIDS. The vulnerability of SIDS to ...
Article > Press release 
GCF publishes the tentative funding proposal schedule for B.27
... take place virtually from 18 to 21 August 2020. GCF acknowledges the extraordinary circumstances and fast-changing ... Board decides on funding proposals brought forward by GCF Accredited Entities. Kindly note that funding proposals ... The report/s shall be disclosed (i) in the AE’s website, (ii) in locations convenient to affected peoples, and ...
Article > Press release 
GCF publishes the tentative funding proposal schedule for B.29
... is proposed that B.29 takes place on 28 June-1 July 2021 while a formal Board decision is yet to be taken on this ... Board decides on funding proposals brought forward by GCF Accredited Entities. Kindly note that funding proposals ... The report/s shall be disclosed (i) on the AE’s website, (ii) in locations convenient to affected peoples, and ...
Article > Press release 