Thursday 1st October 2020
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Tag Archives: Green Climate Fund (GCF)

GCF approves $878.8m for 15 new projects in developing countries

GCF Co-Chairs

The Green Climate Fund (GCF) continues empowering developing countries to take climate action in the face of the COVID-19 pandemic with its allocation of $878.8 million in new financing at its 26th Board meeting, which ended on Friday, August 21, 2020. Green Climate Fund (GCF) Co-Chairs: Sue Szabo and Nauman Bashir Bhatti The 26th Board meeting approved 15 projects, raising ...

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GCF grant to help Côte d’Ivoire, others mitigate greenhouse gas emissions

Yannick Glemarec

The Board of the Green Climate Fund (GCF) on Friday, August 21, 2020 approved several new projects, including one for Côte d’Ivoire that marks the first time the Food and Agriculture Organisation of the United Nations (FAO) has helped an African country obtain a grant from the international entity. GCF executive director, Yannick Glemarec Along with the $11.8 million approval ...

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Manual seeks to mainstream gender in climate action


The UN Women, with support from the Green Climate Fund (GCF), has launched a new guidebook to help practitioners mainstream gender into climate change projects and programmes. It has been described as a “go-to” publication, which presents methodologies and tools to address the gender gap. Gender mainstreaming for climate change is the process of assessing and responding to the differentiated ...

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Zambia to host climate fund board meeting


Zambia has been awarded the opportunity to become the first African country to host the board meeting of the Green Climate Fund (GCF). Secretary to the Treasury, Fredson Yamba, said the choice of Zambia as the host of the important gathering of over 300 delegates was in recognition of the country’s positive image in international community. “I am pleased to ...

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AFC partners with GCF, invests in renewable energy

Andrew Alli, President & Chief Executive Officer, AFC

Through partnering with the Green Climate Fund, AFC will have access to valuable resources to support investments across a variety of green projects The Africa Finance Corporation (AFC) has been accredited as a partnering institution to the Green Climate Fund (GCF), making it the fund’s first African development finance institution. AFC was invited by the GCF to consider becoming an ...

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Green Climate Fund to channel cash via 20 partners


The Green Climate Fund has agreed on 13 new finance partners but drew fire from campaign groups for including Deutsche Bank, a major coal investor. During the GCF board’s four-day meeting that held recently in Songdo, South Korea, it chose 20 accredited entities, tasked with submitting proposals for funding as well as channelling and leveraging tens of billions of dollars to poorer nations to help ...

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Civil society seeks shift in private sector investment at Lima talks


Solving the problem of global climate change is impossible without huge shift in private sector investments, since this sector represents trillions of dollars with vast majority of economic activities around the world. This is the view of Civil Society in contributing to a discussion at the ongoing climate change talks in Lima, Peru. According to Dr. Thomas Jallah of the ...

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Christiana Figueres: Climate finance flowing, but inadequate


Climate financing across the globe has hit record high to about $650 billion in the last two years, but UN climate chief Christiana Figureres says it is not enough to meet the growing financial needs to tackle global warming. A new financial assessment report presented to at the UN Climate Change Conference in Lima, Peru puts the lower range of global ...

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Lekan Fadina: Africa’s finance negotiation options in Lima

Prince Lekan Fadina, Executive Director at Centre for Investment, Sustainable Development, Management and Environment (CISME), is a negotiator and member of Nigeria’s official delegation to COP 20 in Lima, Peru   COP 20 in Lima, Peru is an important event that its outcome will have a great impact on the global climate and development agenda. It is coming with the ...

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Green Climate Fund urged to prioritise grassroots, women, youth-led strategies

The Global Greengrants Fund (GGF) recently convened a Summit on Women and Climate in Bali, Indonesia.  In a letter to the Green Climate Fund (GCF), the GGF, in collaboration with the International Network of Women’s Fund and Alliance of Funds, calls for the creation of a strategy for influencing the GCF to fund grassroots work, as well as indigenous, women’s ...

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