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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 ... for capital market depth and liquidity. This includes exchanges and trading platforms, clearing houses, credit risk assessment, custodians, and fiduciaries, without ...
Article > Speech
GCF and IDB agreements to help SMEs in Latin America invest in energy efficiency
... (IDB) recently signed funding agreements which will enable GCF to channel climate finance to 4 projects in Latin ... America. The following projects are now ready to be implemented by the IDB: FP009 - GCF will provide a USD 20 ... 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 ... Dave made the comments at the start of a three-day workshop designed 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 
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 
Spanish and French SAP webinars held
... with UNITAR. The webinars, which were attended by National Designated Authorities and Accredited Entities, are designed to help guide potential project proponents in ...
Article > News update 
GCF signs integrity agreement with Attijariwafa Bank
... support with the Bank's Compliance Office. The MoU will complement Attijariwafa Bank's Accreditation Master Agreement (AMA), which is currently under ... similar agreements with counterpart offices of all Accredited Entities as a means of ensuring the safeguarding of ...
Article > News update 
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 ... in this PPF to perform analysis that will inform the design of technically and financially sound funding proposal ...
Document > Approved project preparation funding application Barbados
Latest IPCC report is a wake-up call for immediate climate action
... 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 ... Climate Science Lead Kevin Horsburgh provides his synopsis of the IPCC report below. On Monday 9 ...
Article > Statement 
GCF boosts SIDS early warning systems to avert climate-related disasters
... discuss how to turn this data into action that protects people’s lives. Carolina Fuentes, GCF’s Secretary to the ... heard how the entire community needs to be involved in the design and execution of early warning systems, according to ... rainfall in 24 hours than London receives in a year. The UNFCCC established GCF in 2010 to provide financial support ...
Article > News update 
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 ... of SRMI-Resilience’s FAA, the World Bank, as the accredited entity, can now rapidly move from approval to ... costs, making investment in renewables commercially viable. Despite falling costs, investment has been limited by a ...
Article > News update 
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 Africa region is exceptionally susceptible to adverse effects of climate change, such as extreme ... 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 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 climate action. ‘We have a lot of new ... 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
... priorities in one of the world’s most climate-vulnerable countries. Furthermore, this programme will serve as a ... with the national government (via the Fund’s National Designated Authority) to translate the GCF Country ... on irrigation and limited adaptive capacity. Photo credit: ©FAO/Cengiz Yar. Iraq FP249 Iraq unveils plans for ...
Article > News update Iraq 
GCF transfers funds to UN Environment for Ecosystem Based Adaptation project in the Gambia
... in a joint project with UN Environment , a GCF Accredited Entity. The USD 20.5 million project is set to ... climate resilience of rural communities in the Gambia at scale and to facilitate the development of a sustainable ... of UN Environment. The Gambia is struggling to cope with widespread environmental degradation, which has severely ...
Article > Press release Gambia 
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 ... and rice are projected to decrease in the coming decades, endangering livelihoods and food security. Livelihoods ...
Document > Approved readiness proposal Tanzania
Advancing a Regional Approach to the Green Hydrogen Economy in Latin America and the Caribbean
... 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 to the green hydrogen generation technical ...
Document > Approved readiness proposal Multiple countries
Pre-accreditation support to Dos-Credobank to build institutional ESS and Gender capacities
... which was presented during the address of the official delegation of the Kyrgyz Republic during the COP 26 (November 2021, Glasgow). Kyrgyzstan declared its ... the procedures required under GCF guidelines and meet accreditation requirements. Kyrgyzstan Pre-accreditation ...
Document > Approved readiness proposal Kyrgyzstan
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
... 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 ... neutral. While water rich, Bhutan is also water stressed. Despite having a per capita mean annual flow availability of ...
Article > Press release Bhutan 
Pathways to Dairy Net Zero: Promoting Low Carbon and Climate Resilient Livestock in East Africa
This PPF application will ensure the quality design of the regional programme titled Pathways to Dairy Net Zero: Promoting Low Carbon and ... the UN Food Systems Summit, as well as the engagement at CoP26 towards a process aimed at systematically enhancing ...
Document > Approved project preparation funding application Multiple countries
GCF key to win the race against climate change: UN Secretary General welcomes GCF Executive Director a.i. in New York
... for an ambitious and successful Green Climate Fund replenishment during a meeting with GCF Executive Director ad ... and impacts of GCF operations, the key climate finance challenges, and the ongoing process of the Fund’s ... is closely working with its UN partners who are delivering 26 projects with the total value of USD 1.7 billion through ...
Article > Press release 
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
... the Government of Korea to meet its net zero emissions pledge. GGGI and over 35 partner organizations have come ... to green the recovery from the COVID-19 pandemic and accelerate climate action, demonstrating the path to achieving ... 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
... 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 ... “The signing of the Accreditation Master Agreement concludes UNIDO's accreditation with the Green Climate Fund (GCF). ...
Article > Press release 
The Green Climate Fund kicks off first Board meeting of 2024 in Rwanda
Eleven project funding proposals requesting a total of USD ... also consider proposals from eight organisations for GCF accreditation, six of which are sub-national, national, or ... countries. See the Boardroom section of the GCF website to find out more about the Board’s composition and to ...
Article > News update 
Green Climate Fund statement on the United States’ withdrawal from GCF
... United Nations Framework Convention on Climate 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 