The Green Climate Fund (GCF) has signed implementation agreements for three climate finance projects immediately after they were approved by the GCF Board during its meeting on 12-14 November.
The Green Climate Fund (GCF) is now financing climate action in over 100 developing countries after the final Board meeting of 2019 approved 13 new projects.
The increasing severity of climate effects threatens to halt progress around the world in combatting a variety of development goals. That is why increasing flows of finance need to be directed towards bolstering food security by making agriculture more sustainable and climate resilient.
The shared urgency of addressing climate change took an historic step forward today with 27 countries pledging to replenish the Green Climate Fund (GCF) by USD 9.78 billion equivalent for the next four years. The resources will help developing countries reduce greenhouse gas emissions and adapt to the negative effects of global warming, such as rising sea levels, record temperatures, prolonged drought, and more frequent and severe weather events.
GCF co-organised a consultation and technical meeting on climate change, agriculture and food systems with Global Affairs Canada and the International Development Research Center.