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Green Climate Fund and World Bank partnership unlocks USD 2.7 billion for climate action, Marshall Islands first to benefit with USD 44M project
... and Laura Tuck, World Bank Vice President for Sustainable Development, met on Friday in Washington D.C. to ... countries. The framework agreement, known as an Accreditation Master Agreement (AMA), sets the conditions for ... of nine climate projects in ten developing countries: Bangladesh, Brazil, Burkina Faso, Indonesia, Mali, Republic of the ...
Article > Press release 
GCF helps XacBank become first Mongolian bank to finance large-scale solar
... has become Mongolia’s first private bank to fund the completion of a large-scale, solar plant in a financing partnership with the Green ... reflects the Fund’s country-driven approach, which is designed to empower governments and local markets to ramp up ...
Article > Press release Mongolia 
GCF replenishment wins strong endorsement at COP24
The Green Climate Fund’s current replenishment drive received top-level support from developing and developed nations during ... at EBRD, provided views from the perspective of GCF’s Accredited Entities. They emphasised the added value of ...
Article > Press release 
GCF’s first private sector conference boosts business role in climate finance
... the private sector to capitalise on business networks to unleash the trillions of dollars needed for climate finance. ... wound up today, following two days of discussions designed to harness the entrepreneurial energies of the ... actors who manage more than USD 210 trillion but invest less than 5 percent in climate finance. He singled out the ...
Article > Press release 
"GCF has a huge role to play"
... climate fund helping developing countries respond to challenge of climate change. Our role is to support countries to ... or applications from organisations seeking to become Accredited Entities, or to move ahead with new policies. Then ... are amongst the most at threat from climate change. Despite being some of the world's smallest greenhouse gas ...
Article > Press release Micronesia (Federated States of) 
Energy transition accelerates with GCF support
GCF releases USD 86.7 million for Kazakhstan project with EBRD, ... in Egypt. The transition to low-emission, renewable energy is crucial if we are to meet the Paris ... A supportive policy framework is needed that provides a stable mechanism to feed in renewable power to main ...
Article > Press release Egypt Kazakhstan 
GCF Structured Dialogue shows strength and weakness of Asian climate approach
The Green Climate Fund's Structured Dialogue with Asia concludes today with an enhanced understanding of the need to tap ... to host the region's premier economic gathering of regional leaders in the Asia Pacific Economic Cooperation (APEC) ... forum when it was hit by deadly Typhoon Damrey , which killed 106. Despite extensive flooding, the APEC summit went ...
Article > Press release Viet Nam 
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 ... at GCF's Structured Dialogue with Africa, which concludes today. "We are all determined together to overcome ... Investment Fund (EIF). This GCF Direct Access Accredited Entity - which participated in the Dialogue - won ...
Article > Press release Mali 
Unlocking the Green Climate Fund: Learning from the Readiness Programme
... 2014, when it rapidly raised more than USD 10 billion in pledges, it has allocated USD 2.7 billion into projects and ... by UNDP at COP 23 focused on the GCF Readiness Programmes, designed to assist entities in applying for accreditation to GCF. As Ms Kerricia Hobson, representing the ...
Article > Press release 
Shoring up early warning systems for Asia-Pacific SIDS
... partners in Fiji, Papua New Guinea, Solomon Islands, Timor-Leste and Vanuatu to develop a potential Green Climate Fund ... Facility (PPF), an instrument that assists GCF Accredited Entities conduct feasibility studies, stakeholder consultations and other essential steps in designing innovative high-quality projects. The Project ...
Article > Press release Multiple countries 
GCF and CTCN: Expanding green technology assistance in developing countries
... and Network (CTCN) are stepping up collaboration to accelerate the development and transfer of technologies for ... their climate action goals. The scope of activities includes conducting feasibility studies and assessments, ... of the UN Framework Convention on Climate Change (UNFCCC),” said GCF Executive Director Howard Bamsey. ...
Article > Press release 
GCF funds transfer will help Namibia’s rural poor weather change
... to extreme weather in the latest sign of the Fund’s implementation of climate finance. The funds transfer comes as ... by the Environmental Investment Fund, a GCF direct access Accredited Entity based in Namibia. The Enhanced Direct Access ... and climate resilient. A central part of EIF’s work includes ensuring local communities are placed squarely at the ...
Article > Press release Namibia 
GCF discusses progress at Marrakech climate talks
... support programme is central to these efforts. It enables developing countries to receive support to assist them ... Under GCF’s Project Preparation Facility (PPF), Accredited Entities (AEs) can receive support for the ... funding proposals, covering 37 countries. This includes a total of USD 562 million for public sector ...
Article > Press release 
GCF side event asks ‘what makes a good project?’
... decisions. The meeting was aimed at assisting National Designated Authorities (NDAs) and Accredited Entities (AEs) to put together ambitious projects ... so that the Fund can match its “paradigm-shifting” level of ambition. Mr. Harboe welcomed the event as an ...
Article > Press release 
Structured Dialogue with the Pacific 2018
... island countries and their partners with GCF and accelerate the implementation of GCF projects and programmes in ... for a High-Level Session, and representatives of National Designated Authorities, Accredited Entities, Delivery Partners, civil society ...
Event > Structured dialogue Micronesia (Federated States of) 
Structured Dialogue with Africa
... of African countries with GCF. It also helped to accelerate the design and implementation of ambitious projects and ... meetings of Secretariat staff with NDAs/focal points and Accredited Entities. These led to concrete progress in the ...
Event > Structured dialogue Mali 
Structured Dialogue with Latin America
... of Latin American countries with the GCF and to accelerate the implementation of GCF projects and programmes ... progress was made to expand the number of country-level Accredited Entity partners in the region - the so-called ... several entities in Latin America are currently in GCF's accreditation pipeline. The REDD+ Request for Proposals was ...
Event > Structured dialogue Colombia 
Empowering Direct Access Workshop 2018
... included members of Direct Access Entities and National Designated Authorities (or focal points), which represent ... supported organisations seeking Direct Access Entity accreditation, as well as helping accredited Direct Access ... covered updates about GCF policies and procedures. Through plenary and breakout sessions, the workshop promoted the ...
Event > Events organised / involving GCF Republic of Korea (the) 
UN forum side event highlights need for GCF replenishment
The Green Climate Fund needs to be strengthened by a replenishment of its funds from contributors this year as a ... Morris, President of Conservation International, a GCF Accredited Entity, said climate change requires “radical ... with the Development Bank of Southern Africa, also a GCF Accredited Entity, said South Africa’s experience in ...
Article > Press release 
Green Climate Fund Board approves USD 267 million for climate action, agrees decision-making procedures
... 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 ... application of the following entities: Banco Nacional de Desenvolvimento Econômico e Social (BNDES) based in Brazil; ...
Article > Press release 
Ministers call for successful GCF replenishment at HLPF
Panellists at the Green Climate Fund (GCF) high-level event at the UN High-level Political Forum on ... officials from developing and developed countries, GCF Accredited Entities, as well as representatives from UN ... of the International Development Finance Club (IDFC), with which GCF recently signed a partnership agreement, ...
Article > Press release Norway Rwanda 
UN Climate Summit paves the way for an ambitious and successful replenishment of the Green Climate Fund
Calls from UN Secretary-General António Guterres to double contributions to the Green Climate Fund were met by ... 21st GCF Board meeting in October 2018. The process includes consultation meetings with potential contributors, ... 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
... how the Green Climate Fund’s Executive Director Yannick Glemarec articulated his call for enhanced business action to tackle the climate crisis during the Fund’s second global ... pipelines to meet climate financing needs. This includes developing synergies of climate action taken by ...
Article > Press release 
Climate investments critical for post-COVID recovery: GCF conference highlights mobilisation of private capital to green developing economies
... concluded today, stressed the private sector’s critical role in resourcing developing countries to implement green economic stimulus measures in response to the challenges of COVID-19 and climate change. Christian Deseglise, HSBC’s Head of Sustainable Finance and ...
Article > Press release 
Barbados, Belize PMs hail ‘essential’ GCF role in Caribbean
Caribbean leaders warned the region is facing the twin threats of ... Community (CARICOM). GCF Executive Director Yannick Glemarec joined Caribbean Heads of State in highlighting ... collapse caused by the pandemic, which has eroded decades of socio-economic gains. The Caribbean is at the ...
Article > Press release 
A ‘vaccine’ for tropical forests?
... that we may require something that is “ultra-large-scale industrial in 10 to 20 years”. The sense of acting ‘urgently’ and at ‘scale’ are clearly central to the concepts of innovations ... between the land and the atmosphere, then we might be describing an analogue to how our lungs function. Despite ...
Article > Insights 
The multilateral climate funds are working together to enhance complementarity and collaboration
The Multilateral Climate Funds play a critical role in stimulating climate action that can accelerate the ... United Nations Framework Convention on Climate Change (UNFCCC). The mission of the AF is to accelerate and enhance ... funds and harmonize approaches, where feasible. This includes knowledge on key themes such as transformational ...
Article > Statement 
GCF publishes tentative timelines for B.31 and B.32
... B.31 and B.32 are presented below, respectively. Key milestones for B.31 (Tentative) Dates or indicative # of days ... The report/s shall be disclosed (i) on the AE’s website, (ii) in locations convenient to affected peoples, and ... proposal template is currently under consultation with Accredited Entities for updates, with a target date for the ...
Article > News update 
Empowering farmers and protecting forests in Eastern Madagascar
... is facing the brunt of climate change. Extended droughts, lesser incidences of rainfall, and aggressive cyclones ... Climate Change “Before I owned a rice field, I had to destroy the forest. I used half a bucket of seeds, I burned ... Madagascar By Brylle James Galang Madagascar FP026 Empowering farmers and protecting forests in Eastern ...
Article > Story Madagascar 
Reflections by GCF experts on latest IPCC report – a glimmer of hope?
... the Intergovernmental Panel on Climate Change (IPCC) released “Climate Change 2022: Impacts, Adaptation and ... more frequent and intense extreme events, has caused widespread impacts, and losses and damages to nature and people, beyond natural climate variability. Climate-related ...
Article > Insights 