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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
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 
Bhutan’s King optimistic about climate solutions
... echoed in the various meetings that the Green Climate Fund delegation had during the scoping mission to Bhutan from 26 August to 1 September 2018. The mission was in Bhutan to ...
Article > Press release Bhutan 
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 
Mainstreaming climate action: Howard Bamsey outlines GCF’s transformative efforts
... climate action throughout the financial system during a side-event held in Paris ahead of the One Planet Summit. GCF ... GCF is helping its partners to mainstream climate principles throughout their activities. "With a portfolio of USD ... work," stated Mr Bamsey. Mr Bamsey explained how GCF's accreditation process plays a critical role in encouraging ...
Article > Press release France 
New General Counsel joins Green Climate Fund
The Green Climate Fund (GCF) is pleased to announce the arrival of ... Mr. Herrera, who was born in Panama, has represented a wide variety of clients, including private, public, bilateral ...
Article > Press release 
DR Congo signs grant agreement with GCF in Paris
The Democratic Republic of Congo yesterday signed a readiness grant agreement with the Green Climate Fund, providing USD 300,000 for ... Minister of Environment, Nature Conservation, and Sustainable Development, at the GCF stand during the Paris COP talks. ...
Article > Press release Democratic Republic of the Congo (the) 
Paris pledges €1 million to GCF
The Mayor of Paris, Anne Hidalgo, yesterday announced a pledge of EUR 1 million (USD 1.05 million) to the Green ... the Fund’s Executive Director, at the Paris Hôtel de Ville (City Hall). Paris is currently hosting the UNFCCC climate conference (COP 21). Over 40 countries have ...
Article > Press release France 
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
GCF support for adaptation planning helps developing countries build the case for increased action and investment
The first GCF Adaptation Rationale workshop took place in Cebu, Philippines on 14-16 November 2018. The event strengthened the expertise of countries and Direct Access Entities (DAEs) in developing adaptation project pipelines with compelling ...
Article > Press release Philippines (the) 
Acumen Fund formalises relationship with GCF, its partner for East African distributed solar power
... investment fund, has become the first GCF private sector accredited entity to formalise its relationship with the Green ... financial resources from GCF. The Acumen Fund was founded in 2001 as a charitable venture capital fund, with the aim on the idea of ...
Article > Press release 
FP290 - PURE Rural Mozambique Climate Project: Driving Mozambique's climate resilience through energy access and climate-smart Productive Use of Renewable Energy.
Mozambique faces recurrent droughts, floods, cyclones, and rising temperatures that ... rural and low-income communities. These hazards severely undermine agricultural productivity and food security, while energy systems remain heavily reliant on ...
Project > Public sector Mozambique 
GCF sets the tentative funding proposal schedule for B.22
... twenty-second Board meeting. The timeline lists key dates leading to the Board meeting, where the 24 Board members ... decide on funding proposals brought forward by GCF Accredited Entities. The 22nd GCF Board meeting will ... The report/s shall be disclosed (i) in the AE’s website, (ii) in locations convenient to affected peoples, and ...
Article > Press release 
Joint statement by GCF and GGGI
... (GGGI) highly appreciate the announcement by President Moon Jae-in on October 28 to commit to achieving carbon ... the Government of Korea to meet its net zero emissions pledge. GGGI and over 35 partner organizations have come ... contributions to the Paris Agreement, ahead of COP26. Both GGGI and GCF are ready to support the ROK ...
Article > Statement 
GCF and UNIDO partnership agreement bolster climate-resilient industrial development
... a partnership agreement with the United Nations Industrial Development Organization (UNIDO). The Accreditation Master Agreement (AMA) paves the way ... for us to bring innovative climate solutions. Being able to utilise UNIDO’s technical expertise in industrial ...
Article > Press release 
Green Climate Fund statement on the United States’ withdrawal from GCF
... Green Climate Fund (GCF) was notified by the United States Department of the Treasury of the “United States’ ... Change (UNFCCC). Being a Party to the UNFCCC is a pre-requisite for representation at the GCF Board. In line with GCF ... Central to this mandate is GCF’s support for affordable, reliable, and sustainable energy, recognising that ...
Article > Statement 
Stepping up climate action in the Cook Islands
... from the Cook Islands have come up with initial project ideas for what might populate their country programme to tackle climate change—supported by the Green Climate Fund. ... prepare to access GCF resources, such as pursuing accreditation and building a pipeline of projects that is ...
Article > Press release Cook Islands 
FP288 - Jordan Aqaba-Amman Water Desalination and Conveyance Project (AAWDCP)
... and population growth. In 2022, the country had a water deficit of 20 per cent despite 94 per cent network access. Most households receive water less than 48 hours weekly, threatening public health and ... estimated minimum of 6,742,402 tonnes of CO2 over the first 26 years of operations. The project complements Jordan’s ...
Project > Private sector Jordan 
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 ... The webinar on the revised FP template will provide an introduction to the IRMF-related changes in the FP ...
Event > Webinar 
FP130 - Indonesia REDD-plus RBP for results period 2014-2016
... total volume of 27 million tonnes of carbon dioxide equivalent (MtCO2eq) submitted to GCF for results-based payments ...
Project > Public sector Indonesia 
FP005 - KawiSafi Ventures Fund
... off-grid solar power in East Africa. Investing in 10-15 clean energy companies, initially in Rwanda and Kenya, ... are very high for rural off-grid Kenyans, who spend around 26% of their income on kerosene, which is expensive, ... harmful to health. Rapid population growth is increasing demand for electricity and placing further demands on grid ...
Project > Private sector Kenya Rwanda 
Structured Dialogue with Eastern Europe and Central Asia connects climate ambition to climate finance
“Without financing, ideas, however noble they may be, will remain on paper." ... The Dialogue was successful in clarifying the process for accreditation, as well as highlighting the different options ...
Article > Press release Tajikistan 