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Developing capacities for the implementation of climate change strategic frameworks in Nicaragua
The Government of Nicaragua has made important strides in the development and implementation of climate change and economic and social ... is Nicaragua’s National Climate Change Policy 2022-2026 (Política Nacional de Cambio Climático, or PNCC) which ...
Document > Approved readiness proposal Nicaragua
Strengthening the National Designated Authority, Candidate Direct Access Entity, National Programming Process and Development of Strategic Frameworks for Low-Carbon Development in Paraguay
... capacity to coordinate and access GCF funding, inadequate mechanisms to monitor climate finance flows, a lack ... and insufficient integration of climate change and sustainable development in the country's long-term development plans. ... Financiera de Desarrollo (AFD) to comply with GCF’s accreditation standards and criteria. Operationalize ...
Document > Approved readiness proposal Paraguay
Spanish and French SAP webinars held
... webinars for GCF's Simplified Approval Process (SAP) was recently held in cooperation with UNITAR. The webinars, which were attended by National Designated Authorities and Accredited Entities, are designed to help guide potential ...
Article > News update 
GCF signs integrity agreement with Attijariwafa Bank
... to cooperate and consult on integrity matters, the Independent Integrity Unit (IIU) of GCF signed a Memorandum of ... support with the Bank's Compliance Office. The MoU will complement Attijariwafa Bank's Accreditation Master Agreement (AMA), which is currently under ...
Article > News update 
Coral Reef Resiliency Program
The project’s goal is to implement ecosystem-based adaptation (EbA) within Fiji’s ... by reducing local scale impacts such as vital ecosystem destruction, overfishing and unsustainable production, and ... EbA focus depends on evidence-based identification of sites where these interventions would be most effective. ...
Document > Approved project preparation funding application Fiji
GCF and IDB agreements to help SMEs in Latin America invest in energy efficiency
The Green Climate Fund and the Inter-American Development Bank (IDB) recently signed funding agreements which will enable GCF to channel climate finance to 4 projects in Latin ... Development Bank of El Salvador, which will help open a credit line to fund SMEs' energy efficiency projects in the ...
Article > Press release Multiple countries 
Climate finance should focus on rural sector, says leading Indian lender
... be wearing farming clothes than a business suit, said a leading representative of India’s major rural development bank at the start of a key Green Climate Fund ... to strengthen GCF’s partnerships with its direct access Accredited Entities. Addressing climate finance priorities in ...
Article > Press release India 
GCF invests USD 99 million in EBRD Green Cities Facility to reduce urban climate impacts
... Fund (GCF) took a major step forward today to help make redesigned cities drivers of climate action with the signing ... agreement with funding partner EBRD. Cities have a vital role in achieving the Paris Agreement to keep temperature ... in Morocco, to renewables in Egypt, to green economy credit lines and green cities across our countries of ...
Article > Press release 
Green Climate Fund Board approves USD 267 million for climate action, agrees decision-making procedures
... ten new projects and agreed procedures for adopting decisions in the event that all efforts at reaching ... of operation. The Board also adopted new standards for implementing the Anti-Money Laundering and Countering the ... During the meeting the applications of four new Accredited Entities were approved, including three direct ...
Article > Press release 
Green and climate resilience bonds – Scaling up access to affordable finance in developing countries, notably in LDCs
... and private sectors to catalyse climate finance at scale and create new, green markets. Markets that work for developing nations, not against them. Since our first ... includes exchanges and trading platforms, clearing houses, credit risk assessment, custodians, and fiduciaries, without ...
Article > Speech
Latest IPCC report is a wake-up call for immediate climate action
... Intergovernmental Panel on Climate Change (IPCC) Report underlies the urgency of taking global action to halt climate change and deal with its unstoppable effects. The report , released on 9 August 2021, warns ... United Nations Framework Convention on Climate Change (UNFCCC) in 2010, the Green Climate Fund (GCF) is mandated to ...
Article > Statement 
GCF Board’s USD 1 billion for climate projects signals increased climate finance ahead of COP29
... of the world’s largest multilateral climate fund concluded this week by approving 16 projects across 37 developing ... countries and communities that are most vulnerable to the adverse effects of climate change . This week, ... funding by assessing an entity’s capacity to meet GCF accreditation standards simultaneously with the project ...
Article > Press release 
Blue-Green Investment Corporation
... we will see some of the largest, earliest increases in sea levels and temperatures and where droughts and floods will become more devastating. Barbados has an ambitious and comprehensive ... that draws in other financing players like banks, credit unions, pension funds, and insurance companies and ...
Document > Approved project preparation funding application Barbados
Enhancing climate integration capacity for resilient water resource management in Timor-Leste
This readiness proposal is developed to address the barriers and gaps in managing climate risks to water resources through the strengthening of climate planning and resilient water resource management capacity in Timor-Leste. The proposal will develop the institutional and ...
Document > Approved readiness proposal Timor-Leste
GCF Board closes key policy gaps as project pipeline reaches $1.5 billion
... of the Green Climate Fund has taken a series of policy decisions designed to strengthen its partnerships and grow ... 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 ...
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 ...
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 ... resilience of vulnerable households to better adapt to the devastating impacts of climate change. The Sustainable ... of SRMI-Resilience’s FAA, the World Bank, as the accredited entity, can now rapidly move from approval to ...
Article > News update 
GCF and DBSA partnership to boost climate investments in the Southern Africa region
The Green Climate Fund (GCF) and the Development Bank of Southern Africa (DBSA) signed an ... kick-off the programme to break market barriers and accelerate investments into climate projects. The Southern ... 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 ... in wind and solar power in a partnership with the Development Bank of Southern Africa (DBSA). GCF signed an ... 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 ... action. ‘We have a lot of new and nice and interesting ideas but [they are] not scalable enough to meet the target ... 80 per cent of yearly global climate finance, since higher credit ratings and a more threatening investment ...
Article > News update 
Iraq unveils plans for ambitious climate project pipeline
The Republic of Iraq has formally announced its intention to develop a substantial portfolio of projects to enhance its ... priorities in one of the world’s most climate-vulnerable countries. Furthermore, this programme will serve as a ... on irrigation and limited adaptive capacity. Photo credit: ©FAO/Cengiz Yar. Iraq FP249 Iraq unveils plans for ...
Article > News update Iraq 
Integrating Climate Change Adaptation into Tanzania’s Planning Processes
... of Tanzania Mainland and Zanzibar. There are numerous smaller islands both in the Mainland and Zanzibar. Rising ... more intense heavy rainfall and sea level rise make URT the 26th most vulnerable country to climate risks. Tanzania has ... scarcity and heat extremes. In rural areas, there is high dependence on rain-fed agriculture, limited access to health ...
Document > Approved readiness proposal Tanzania
Advancing a Regional Approach to the Green Hydrogen Economy in Latin America and the Caribbean
... of green hydrogen as an energy vector to support countries' decarbonization pathways is a genuinely new vision that was ... by many countries at the last Conference of Parties (COP26) meeting. It is estimated that the global green hydrogen ... million tons by 20501. Based on LAC countries' relatively clean energy matrix, the region could play a leading role due ...
Document > Approved readiness proposal Multiple countries
Policy on restructuring and cancellation
Adopted by decision B.22/14 . Sets out the mechanism for decision-making in respect of an approved funding proposal in situations of failure to fulfil conditions, extension of time, waiver of conditions, change to FPs. Board ...
Document > Policies, strategies, and guidelines
Simplified approval process pilot scheme
Adopted by decision B.18/06 ; superseded by decision B.32/05 ; applicable to all projects up to B.31. Adopts the simplified ... needed in preparation, review, approval, and disbursement for proposals of certain activities. Board Simplified ...
Document > Policies, strategies, and guidelines
Procedures and guidelines of the Independent Redress Mechanism
Adopted by decision B.22/22 . Introduces the Independent Redress Mechanism (IRM) and its key functions and ... or programmes; and contains general provisions applicable to the IRM. Board Procedures and guidelines of the ...
Document > Policies, strategies, and guidelines
SAP Technical Guidelines: Water security
This publication provides technical guidance for the preparation of simplified ... water security projects. GCF defines the water sector as encompassing surface freshwater resources and groundwater, ... flood management (IFM) For water-related activities not clearly within the scope above, please refer to the relevant ...
Document > Publication, Guides
Updated simplified approval process and activity cycle
Adopted by decision B.32/05 ; applicable from B.32 onwards. Updates ... Process including the size and risk categories eligible under this funding window. Updated simplified approval ...
Document > Policies, strategies, and guidelines
Agreement with Spanish global investor strengthens GCF’s private sector pull
... its ties with Spanish-based international investor COFIDES. Compañía Española de Financiación del Desarrollo ... (COFIDES) is a joint state and privately-owned company accredited by GCF in October last year to finance climate ... signed an agreement on Wednesday which lays the legal groundwork for GCF to injects its own catalytic input ...
Article > Press release 
Response to allegations reported by Financial Times
The Green Climate Fund (GCF) takes very seriously allegations of inappropriate behaviour made in a Financial Times newspaper article published on 26 August. The GCF’s Secretariat strongly refutes claims ...
Article > Statement 