Tag: Green Climate Fund

GCF and UNICEF strengthen partnership to scale climate action

Stuart Mitchell

The Green Climate Fund (GCF) and UNICEF have signed an Accreditation Master Agreement, paving the way for new opportunities to scale climate action that reaches children and vulnerable communities on the frontlines of climate change. The agreement establishes the legal and operational framework for UNICEF to work with GCF as an Accredited Entity, enabling the development and implementation of climate projects that integrate resilience into essential services such as water, sanitation, health, education and social protection. The agreement reflects a shared commitment to ensuring climate finance delivers tangible benefits where…

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GCF portfolio hits USD 20 billion for climate action, Board selects host countries for new regional offices

Stuart Mitchell

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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Peru’s Natural Legacy Secures $37.5 Million Funding Boost from Green Climate Fund

Stuart Mitchell

The Green Climate Fund (GCF) approved $37.5 million in grants for Peru’s Natural Legacy – Amazon & Climate (PdP A&C): Effective Management of Peruvian Amazon Protected Areas for Climate Change Mitigation and Adaptation Saturday. This landmark total investment of $74.5 million, including $37 million in cofinance, will strengthen climate mitigation and adaptation across more than 15 million hectares of the Peruvian Amazon and bolster the resilience of thousands of Indigenous people living in and around protected areas. The project brings together the Government of Peru, the Peruvian Trust Fund for…

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GCF portfolio hits USD 20 billion for climate action, Board selects host countries for new regional offices

Stuart Mitchell

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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Financing agreed on pioneering investment in industrial decarbonisation in Paraguay

Stuart Mitchell

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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