Tag: Green Climate Fund

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…

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Record-breaking Green Climate Fund Board meeting approves USD 1.225 billion for new projects, reforms accreditation model and invites bids to host regional presence

Stuart Mitchell

The Green Climate Fund (GCF) Board recently approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The USD 1.225 billion total is the largest amount approved at a single Board meeting, during a year in which the Fund is scaling up its activities in response to the global demands for climate finance. GCF now has a portfolio of 314 projects amounting to USD 18 billion in GCF resources, USD 67 billion including co-financing.  The projects will bring urgently needed…

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Record-breaking Green Climate Fund Board meeting approves USD 1.225 billion for new projects, reforms accreditation model and invites bids to host regional presence

Stuart Mitchell

The Green Climate Fund (GCF) Board recently approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The USD 1.225 billion total is the largest amount approved at a single Board meeting, during a year in which the Fund is scaling up its activities in response to the global demands for climate finance. GCF now has a portfolio of 314 projects amounting to USD 18 billion in GCF resources, USD 67 billion including co-financing.  The projects will bring urgently needed…

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Caribbean countries launch landmark platform to scale up climate investment

Stuart Mitchell

The creation of a platform to accelerate the mobilisation of finance for the boosting of resilience across the Caribbean region was announced today.   The landmark Regional Platform for catalyzing Resilience and Climate Action in the Caribbean aims to identify and deliver country-focused game-changing investment opportunities while enhancing a regional approach to resilience building in the era of a climate crisis. This first ever regional Resilience investment platform was convened under the stewardship of Her Excellency Mia Amor Mottley, Prime Minister of Barbados and Chair of CARICOM. Prime Minister Mottley…

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Pioneering Barbados water project kick starts

Stuart Mitchell

The Green Climate Fund and the Government of Barbados recently announced that a groundbreaking project that leverages an innovative financing model to scale up climate action and simultaneously avoid increasing the burden of public debt is all set to begin implementation. The pioneering project, with huge positive implications for climate resilience in the region, was today greenlighted for its first injection of GCF finance. The USD 110 million Barbados Climate Resilient South Coast Water Reclamation Project financed jointly by GCF (Green Climate Fund) and the IDB (Inter-American Development Bank) is…

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