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Cook Islands get major boost in fight against climate change
... of climate change. Rising sea levels, tropical storms, cyclones, droughts, coastal erosion, flooding, rising ... also limit its ability to adapt to climate change. Before the COVID-19 pandemic, tourism accounted for around 80% ... about GCF’s Readiness and Prepatory Support programme by visiting our website, including learning more about what ...
Article > Story Cook Islands 
Climate costs will rise sharply if we miss 1.5 degree target, GCF conference hears
... to play in channelling climate finance to support the efforts of developing countries,” she said in a recorded ... quickly,” he said. “There are going to be problems with one and a half degrees. If we go above that level, those ... 91 authors from 40 countries, warns the consequences from one degree of global warming are already evident in the form ...
Article > Press release 
GCF signs partner agreements hours after Board approval
... and its partners have signed implementation agreements for two new climate finance projects only hours after they ... as GCF’s first project in the Federated States of Micronesia (FSM). Commenting on the Micronesia project, FSM President David Panuelo noted how the ...
Article > Press release WorldBank 
GCF's support for coral reefs
... Coral Reef Funding Gap. Too little attention has been paid for too long to the impact of the climate crisis on coral reefs. They are one of the most vulnerable ecosystems to climate change on ... 70 to 90 percent. At 2 degrees C, they could become nonexistent. In turn coral reef loss and degradation will ...
Article > Speech
Critical GCF Micronesia adaptation project gets underway in record time
... Climate Fund has transferred the first tranche of funding for an adaptation project in the Federated States of Micronesia just 36 days after Board approval, making this the ... proposals to first disbursement of funds has fallen from 26-28 months in 2018 to an average of 12-17 months for ...
Article > News update 
Executive Director unveils “50by30” blueprint for reform, targeting USD 50 billion by 2030
Excellencies, thank you for the confidence and trust as I step into my new role as ... needs. What we have today is not tailor-made, but it's one size fits all. It's a single blueprint that has been ... bucket. I know this, and so all of you. But all it takes is one drop to create a ripple effect. One investment to ...
Article > Speech 
GCF and MUFG Bank initiative to accelerate green energy transition in Chile
... (FAA). The project, which was submitted by MUFG Bank – one of GCF’s Accredited Entities – will be led by the ... USD 1 billion. This project involves a number of "firsts" for GCF, including its investment in the project prior to ... in Latin America, signed with the largest bank in Japan and one of the largest banks in the world, the project will ...
Article > Press release Chile MUFG_Bank 
GCF Board approves nearly USD 600m in new climate projects after selecting Mafalda Duarte as new Executive Director
... the approval of USD 587.7 million in new climate finance for developing nations, as well as the selection of a new ... with the World Bank in Ethiopia, Guinea-Bissau, Indonesia, Kyrgyzstan, Mongolia, Seychelles, Somalia, ... Resilient Fund (ICRF) with Africa Finance Corporation (AFC) in Benin, Cameroon, Chad, Côte d’Ivoire, Democratic ...
Article > Press release 
GCF Board approves new strategic plan and USD 756 million in new climate projects
... Republic of Korea on 13 July with several major outcomes for climate action. Notably, during the four-day ... Bank of Jamaica Limited (DBJ) based in Jamaica, DFCC Bank PLC (DFCC Bank) based in Sri Lanka, and ... for a local currency financing pilot programme and commissioned a feasibility study on establishing a GCF regional ...
Article > Press release 
GCF approves USD 686 million for climate action and decides to establish regional presence
... evidence that it is increasing access to and support for national and regional partners operating on the ... and facilitate wider partnerships. The pilot provides a one-step route to funding by assessing an entity’s ... United Nations Framework Convention on Climate Change (UNFCCC). The Fund serves the 2015 Paris Agreement, supporting ...
Article > Press release 
Catalysing transformative climate resilient infrastructure through private investment
... the last number of years has emphasized climate finance for developing countries”, she said. She highlighted the ... Action reiterated the UN Secretary General’s call for COP26 to deliver breakthroughs on adaptation and resilience - ... that morning and IUCN last week – a critical milestone in moving toward implementation of the initiative. ...
Article > Press release 
Gender is central to GCF, states Executive Director at women and climate finance event
... Fund Executive Director Howard Bamsey spoke about GCF's efforts to mainstream gender throughout its activities in a side-event held on the eve of the One Planet Summit in Paris. The event, hosted by the French Ministry of Europe and Foreign Affairs, considered the gender dimension to climate ...
Article > Press release France 
GCF helps Vanuatu smooth climate finance path
... access GCF finance. This Small Island Developing State is one of the most vulnerable countries to disasters which can be exacerbated by climate change, including cyclones, storm surges, landslides, floods and droughts. The ... change and disaster risk reduction more closely in its efforts to progress national development. At the end of last ...
Article > Press release Vanuatu 
Funding and subsidiary agreements signed on the same day between GCF, FAO, and Government of Cambodia, accelerating implementation of a new climate resilient agricultural project in Cambodia
... production in the Northern Tonle Sap Basin (NTSB), one of Cambodia's most important agricultural regions. For the first time in GCF history, the Subsidiary Agreement ... implementation. The Northern Tonle Sap Basin (NTSB) is one of Cambodia's most important agricultural regions, yet ...
Article > News update FAO 
Making blended finance work for nature-based solutions
... as the climate crisis and that they are intimately linked. One effective solution is to use nature-based solutions ... an overview of various financial instruments available for climate action and nature conservation, focusing on the ... five categories of instruments to catalyze finance for nature-based solutions and how instruments can be ...
Document > Working paper
GCF/B.37/13 - Sustainable and responsible investment of GCF funds held in the GCF Trust Fund
... “requests the Secretariat and the Trustee to prepare, for the Board’s consideration and approval, options for ... two portfolios with investment horizons of three months and one-year, prioritizing capital preservation and liquidity. ... including those held in the above noted portfolios. Only one World Bank option/portfolio exists with more intentional ...
Board document > Action item
FP177 - Cooling Facility
As global temperatures increase and the demand for cooling rises, so do the emission levels of greenhouse ... jobs (International Labor Organization, 2019). Therefore low-carbon and sustainable cooling solutions are essential. The Cooling Facility will be one of the world’s first cooling-focused facilities with ...
Project > Public sector Multiple countries WorldBank 
GCF highlights success in mobilising finance to deliver climate action
... innovate, and deliver climate finance in his speech to the One Planet Summit. Addressing the audience of global ... Paris Agreement by supporting and accelerating the common efforts to fight climate change. "As the dedicated climate ... Mr Bamsey flagged the recent USD 500 million Request for Proposals (RFP) issued by GCF, which generated 350 ...
Article > Press release France 
Mongolia’s XacBank signs accreditation agreement as GCF Partner
... Green Climate Fund, setting out its partnership with GCF to forge low-emissions and climate-resilient development paths ... 15th Board meeting. “This marks an important milestone for the development of the Eco Banking line of business ... a provider of loans to medium enterprises, XacBank is now one of Mongolia’s most prominent banks. The Banker ...
Article > Press release Mongolia XacBank 
The Green Climate Fund hosts its first Annual Meeting with the Thematic Bodies of the UNFCCC in Marrakech
... first annual meeting with the thematic bodies of the UNFCCC during the 22nd session of the Conference of the ... and the Board of the Green Climate Fund. This meeting is one of the initiatives approved by the Board as part of its efforts to enhance the relationship and collaboration of GCF ...
Article > Press release 
Board prepares to consider eight new public sector project proposals as GCF pipeline grows
... later this month. The proposals amount to a total request for investment of USD 208 million from the Fund. They will ... change, two are aimed at lowering emissions growth, and one proposal will support both objectives of adapting and ... has now reached 41 proposals totalling funding requests for USD 2.4 billion, with a total project value of USD 6.6 ...
Article > Press release 
GCF/B.07/08 - Initial Modalities for the Operation of the Fund’s Mitigation and Adaptation Windows and its Private Sector Facility
... taken at its October 2013 meeting, the Board confirmed that one of the essential requirements for the Fund to receive, manage, programme and disburse ... United Nations Framework Convention on Climate Change (UNFCCC), and will also integrate decisions taken by the Board ...
Board document > Action item
NDA Strengthening and Country Programming support for Indonesia through GGGI
... gender equality focus. Direct access realized; while Indonesia is already in an advanced state with one DAE, additional direct access is needed. Few institutions understand or meet requirements for accreditation. This workstream will identify and support ...
Document > Approved readiness proposal Indonesia
NDA Strengthening and Country Programming support for Viet Nam through the Ministry of Planning and Investment
In 2013, Viet Nam was officially chosen as one of the ten pilot countries to receive support from the ... Readiness Programme and MPI was the official partner for CF Ready. In 2014, this effort was followed‐up by a Climate Finance Training ...
Document > Approved readiness proposal Viet Nam
Entity Support for Peru through Profonanpe
... America and Africa to seek their own accreditation. With one project already approved by the GCF and under ... stages, either as an implementing or executing entity. For example, Profonanpe requires improving the capacity of ... safeguards (ESS), climate change, and project management (for further details refer to the following sections). ...
Document > Approved readiness proposal Peru Profonanpe
Strategic Frameworks and entity support for Chile through CAF
... guides. Specifically, 3 proposals are presented: Support for the design of financial structuring for prioritized proposals: One of the main barriers during the formulation of local ...
Document > Approved readiness proposal Chile CAF
Strategic frameworks support for Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Haiti, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname through CDEMA
... (MHEWS) are integrated systems of hazard monitoring, forecasting and prediction, disaster risk assessment, ... of hazardous events. A MHEWS with the ability to warn, of one or more hazards increases the efficiency and consistency ... mechanisms and capacities. It involves multiple disciplines for updating and identifying accurate hazards and monitoring ...
Document > Approved readiness proposal Multiple countries
Entity support for Peru through Profonanpe (Phase 3)
... and (ii) wishes to boost Profonanpe’s capacity for funds management, given the new strategies that the institution is envisioning. On one hand, a first Readiness support provided by the GCF ... among other, new fiduciary functions to be explored. Therefore, the NDA supports this initiative that could lead to an ...
Document > Approved readiness proposal Peru Profonanpe
Enhancing Early Warning Systems to build greater resilience to hydro and meteorological hazards in Timor-Leste
... to the effects of climate change and considered to be one of the top 10 countries in the world most at risk to ... and biodiversity. This project will address the urgent need for a comprehensive multi-hazard early warning system (MHEWS) for increasing the resilience of the most vulnerable people ...
Document > Concept note Timor-Leste UNEP
Public-Social-Private Partnerships for Ecologically-Sound Agriculture and Resilient Livelihood in Northern Tonle Sap Basin (PEARL)
The Northern Tonle Sap Basin (NTSB) is one of the most important agricultural regions in Cambodia. ... food security and economy, as agriculture accounts for nearly a third of Cambodia's GDP. The proposed project, "Public-Social-Private Partnerships for Ecologically-Sound Agriculture and Resilient Livelihood ...
Document > Concept note Cambodia FAO