GCF agreement with Rwandan government set to reduce climate risks
GCF replenishment wins strong endorsement at COP24
Postcard from Katowice: Thursday, December 13
GCF agreement set to spur Moroccan green growth
GCF joins German development bank to make Tanzania more climate resilient
Postcard from Katowice: Wednesday, December 12
GCF Brings Clean Energy to Off-Grid Areas of Burkina Faso
Postcard from Katowice: Tuesday, December 11
GCF and WMO agree to strengthen science in climate response
Postcard from Katowice: Monday, December 10
Postcard from Katowice: Saturday, December 8
Postcard from Katowice: Friday, December 7
Agreement set to increase India's rooftop solar reach
Postcard from Katowice: Thursday, December 6
GCF funding agreement with Namibia first under new simplified approach
Postcard from Katowice: Wednesday, December 5
Postcard from Katowice: Tuesday, December 4
GCF affirms its commitment to Least Developed Countries
GCF support for adaptation planning helps developing countries build the case for increased action and investment
GCF supporting energy transformation in Small Island Developing States (SIDS) with the financing of energy storage systems
GCF affirms partnership with the Caribbean Development Bank
Grenada PM calls for decisive climate action at GCF Structured Dialogue with the Caribbean
GCF signs off funding for Barbados water sector resilience project
Green Climate Fund invests USD 1 billion for developing country climate action, launches first replenishment
GCF strengthens partnership with FMO to combat climate change
Climate finance drives down renewable price in Egypt by half
GCF Board to open Bahrain meeting
Reframing development goals to catalyze climate finance
A thought-provoking session at the GCF pavilion today explored how the private sector can mobilise capital to help developing countries deal with climate change. "We need innovation both in finance, technology and thinking to accelerate our response to climate change," Ayaan Adam, Director of GCF's Private Sector Facility, told the audience of the Innovative Finance session. Panellists and the audience discussed how to unlock private sector finances to generate the trillions of dollars needed to reduce emissions and make societies more climate resilient.
GCF accelerates project implementation at COP
GCF continued to use its presence at COP24 to drive climate action on the ground with its climate finance partners. This morning, it signed an agreement with Moroccan-based corporate and investment bank CDG Capital to enable this Direct Access Entity to begin proposing projects to receive GCF financing. In the evening, it set in place the legal framework to begin passing funds to Rwanda's Ministry of Environment in a project that will increase the climate resilience of farmers.
GEF-GCF event focuses on breaking silos for climate action
Naoko Ishii, CEO of the Global Environment Facility, stressed the importance of a system-based approach, and of breaking silos to fight climate change at a joint meeting with GCF at COP24. Javier Manzanares, GCF Executive Director a.i. identified three priorities for common action with GEF: scaling up projects, encouraging direct access, and developing country programmes. The need for cooperation was emphasised by Carlos Manuel Rodriguez, Minister of Environment and Energy of Costa Rica, who stated that the two funds are the way forward in Costa Rica, and need to work together.
Simplified Approval Process: promoting access to GCF resources
GCF’s event on the Simplified Approval Process (SAP) featured contributions from Ambassador Feturi - known as the champion of the process for his role in its development, as well as from the Rwandan Ministry of Environment, the Cook Islands, and the Environmental Investment Fund of Namibia - a GCF accredited entity which brought the first SAP project to be approved by the GCF Board.
Not just buildings! Climate resilient infrastructure debate stresses need for broad approach
Climate-resilient infrastructure is not just about concrete buildings, but also includes the "soft" infrastructure of social welfare: this was one of the key messages of a climate-resilient integrated infrastructure event hosted by GCF at COP24 today. Iñigo Ruiz-Apilanez, a civil engineer with engineering consultancy Arup, told participants that an effective adaptation approach requires considering social stresses, such as differences in incomes and who owns climate-impacted land. Lia Nicholson, a government project expert from Antigua and Barbuda, warned nations will increasingly face climate impacts such as in her country, which was hit by a category 5 hurricane last year after a three-year drought.
- Green Climate Fund invests USD 1 billion for developing country climate action, launches first replenishment
- Green Climate Fund B.20 meeting press release
- GCF Board approves over USD 1 billion in funding for climate mitigation and adaptation
- GCF Board opens B.19 meeting, elects Lennart Båge and Paul Oquist as new Co-Chairs