Tag: Green Climate Fund

The 44th meeting of the Green Climate Fund (GCF) Board has approved USD 960.3 million in new climate finance for developing countries, greenlighting 18 new projects for climate action around the world. The new approvals raise GCF’s total portfolio past the USD 20 billion mark across 354 projects and programmes, reinforcing its position as the world’s climate fund for developing countries. In a landmark decision, and in strong support of the GCF’s reform agenda, the Board also selected host cities for regional offices, marking the first time GCF will have…

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A pioneering Green Climate Fund-financed project to establish one of the world’s first commercial-scale green hydrogen-based fertilizer plants has taken a big step towards implementation. The Green Climate Fund (GCF) and its partner, the International Finance Corporation, signed financing documents for the Villeta Green Fertilizer Project in Paraguay, developed by ATOME PLC, at a ceremony in the country’s capital, Asunción, on 13 March.  This flagship investment in green hydrogen and the fertilizer industry supports Paraguay’s goal of transforming its abundant renewable energy into higher value-added industrial production. The financing is…

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A Green Climate Fund-financed agricultural resilience project in one of the world’s most climate-stressed countries increased crop production and reduced deforestation, a new evaluation report released today has found. Findings from the impact evaluation conducted by Conservation International, in partnership with the Green Climate Fund’s Independent Evaluation Unit, found clear evidence of higher crop yields and lower deforestation rates among farming communities participating in the USD 16 million “Sustainable Landscapes in Eastern Madagascar” project. The project supported more than 24,000 smallholder farming households in and around the Ankeniheny-Zahamena and the…

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The Green Climate Fund (GCF) has announced an accelerated programme of action in support of the government of Chad’s climate priorities. GCF, the world’s climate fund for developing countries, has committed to mobilise at least USD 100 million for Chad, subject to GCF Board approval. The mobilisation of finance will provide urgently needed support for climate action, strengthening Chad’s efforts to adapt to the impacts of climate change. Mobilised finance will focus on the country’s climate priorities, supporting adaptive agriculture to reduce food insecurity and strengthening rural resilience in the…

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The Green Climate Fund (GCF) started 2026 with another significant reform that will strengthen the mobilization of private sector finance in support of countries’ national climate priorities. GCF has integrated its Department of Private Sector Facility team into the four Regional Departments that were established in 2024, enhancing the Fund’s ability to deliver at scale via stronger engagement with existing and potential new private sector partners in the regions to deliver coherent investment and coordinated programming at country and regional level. In addition, private sector specialists have also joined GCF’s Department…

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