Tag: Green Climate Fund

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…

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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…

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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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