GCF and UNEP partner to protect mangroves and coastal ecosystems in Dominica and Mozambique

The Green Climate Fund (GCF) and the United Nations Environment Programme (UNEP) will boost support for global mangrove protection with the announcement of two mangrove conservation and coastal management projects in Dominica and Mozambique. Coastal communities in Dominica and Mozambique are vulnerable to the impacts of climate change, particularly intense tropical storms. Mangroves, often overlooked and underappreciated, can play a crucial role as ‘green infrastructure’ and in integrated ecosystem-based approaches to coastal protection. More than a haven for diverse marine life, mangroves are powerful allies to increase the climate resilience…

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Recharge Pakistan Project receives $77.8 million funding boost from the Green Climate Fund, United States Agency for International Development, The Coca-Cola Foundation and World Wildlife Fund

The Green Climate Fund (GCF) has announced $66 million in funding to support the Government of Pakistan’s efforts to reduce the twin climate impacts of flooding and drought and improve resilience in some of the country’s most vulnerable communities. Titled “Recharge Pakistan: Building Pakistan’s Resilience to Climate Change through Ecosystem-Based Adaptation for Integrated Flood Risk Management,” the initiative is the largest investment at the national level to-date in an ecosystem-based approach to flood and water resources management. The new 7-year project brings together a broad set of funders to help…

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Deutsche Bank and the Green Climate Fund sign agreement at COP26 to invest in de-carbonization solutions for Sub-Saharan Africa

Deutsche Bank alongside the Green Climate Fund (GCF) has executed an agreement which commits the GCF to contribute USD 80 million as the seed and anchor investor to a renewable energy investment program. DWS, the independent asset manager majority-owned by Deutsche Bank, will be the executing entity and it has committed to contribute 3% of the anticipated USD 500 million investment facility. The program will be implemented in Sub-Saharan Africa by DWS’s Sustainable Investments team. The signing took place at an official ceremony held at COP26 in Glasgow hosted by…

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Green Climate Fund invests USD 1 billion for developing country climate action, launches first replenishment

The 21st meeting of the Green Climate Fund (GCF) Board ended in Bahrain,by approving over one billion dollars of new projects and programmes to support climate action in developing countries, and formally launching the Fund’s first replenishment. The 19 new projects amount to a total investment from GCF of USD 1,038 million, and including co-financing the projects will channel over USD 4,244 million of climate finance for low-emission, climate-resilient development. GCF now has a portfolio of 93 projects amounting to over USD 4,605 million of GCF resources. At the close…

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