The Green Climate Fund, the Global Partnership for Education and Save the Children launch the world’s largest investment for green schools

The Green Climate Fund (GCF), the Global Partnership for Education (GPE) and Save the Children have launched today an unprecedented US$70 million investment at COP28 to build climate-resilient schools in vulnerable countries. Climate change is threatening every child’s right to a quality, safe education. Nearly one billion girls and boys – roughly half the world’s children – live in countries at extremely high risk for the harmful effects of climate change. Every year, climate events interrupt learning for about 40 million children, a figure likely to rise as the intensity…

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IFC and Green Climate Fund to Partner on Green Hydrogen Investment

The Green Climate Fund (GCF) and IFC are collaborating on a proposed investment that will increase the resilience of the energy grid in Barbados, particularly during extreme rains, tropical storms, or hurricanes. At its board meeting this week, GCF approved the provision of up to $41 million in blended concessional financing to support IFC’s proposed investment in RenewStable Barbados, a 50 MW solar generation facility with green hydrogen and lithium-ion battery storage that will provide clean and stable electricity to the Barbadian grid. RenewStable Barbados will represent the first time…

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