Tag: Green Climate Fund

Uganda Secures Africa’s First Green Climate Fund Result-Based Payment

Stuart Mitchell

The Green Climate Fund (GCF) has approved a US$31 million results-based payment for Uganda in recognition of the country’s measurable success in reducing deforestation and greenhouse gas emissions. The approval is a historic milestone for Uganda and Africa, being the first GCF results-based payment project on the continent. The funding follows the presentation of the project titled “Uganda REDD-plus Results-Based Payment for Emission Reductions (2016–2017)” at the forty-third GCF Board meeting held from 27 to 30 October 2025 in Songdo, Republic of Korea. The Food and Agriculture Organization of the…

Read More

GCF and partners catalyse USD 600 million to boost adaptation finance

Stuart Mitchell

The Green Climate Fund (GCF), along with its partners MUFG Bank Ltd. (MUFG) and FinDev Canada, have achieved a major milestone in scaling private investment for adaptation with the USD 600 million first closure of the GAIA Climate Loan Fund. GAIA will principally provide loans to adaptation projects in markets most severely impacted by, and least equipped to respond to, climate change, helping to bridge the estimated USD 300 billion annual adaptation finance gap in developing countries most vulnerable to climate impacts. The climate loan fund, co-founded by MUFG, Japan’s…

Read More

The Green Climate Fund achieves record-breaking year as Board channels USD 3.26 billion to developing countries in 2025

Stuart Mitchell

The Green Climate Fund (GCF) Board approved a record volume of climate finance for developing countries this week, greenlighting 22 new projects for climate action around the world. The USD 1.332 billion total is the largest amount approved at a GCF Board meeting and brings the year’s total to USD 3.26 billion, a new high surpassing the previous record of USD 2.9 billion in 2021. This record achievement emphasizes the Fund’s ongoing commitment to deliver support to developing countries as it heads to COP30 in Belem, Brazil. Ten years after…

Read More

GCF finance supports landmark climate action in Indonesia

Stuart Mitchell

Indonesia has achieved a significant milestone in scaling up climate action through the Reducing Emissions from Deforestation and Forest Degradation (REDD+) programme, with financing support from the Green Climate Fund (GCF). USD 499.8 million has been committed to the country under the Results-Based Payments system in recognition of its successful reduction of emissions from the forestry and land-use sectors. A total of USD340.7 million has been disbursed, of which USD 103.8 million is financing from GCF, which was channelled through the United Nations Development Programme (UNDP). Since REDD+ began, Indonesia…

Read More

Nine new projects set for implementation after approval at record-breaking GCF Board meeting

Stuart Mitchell

Nine new projects backed by the Green Climate Fund (GCF) are ready for implementation. Project agreements were signed for each project on the margins of GCF’s 42nd Board meeting (B.42), where the projects were approved. In addition, three projects received their first disbursement shortly after the agreement signings. B.42, which took place in Papua New Guinea from 30 June to 3 July 2025, saw a record volume of GCF investment approved in a Board meeting – USD 1.225 billion for 17 projects. GCF now has a portfolio of 314 projects…

Read More