The Green Climate Fund (GCF) is heeding calls to help developing countries bolster their defences against the increasingly damaging effects of climate change, while overcoming COVID-19 fiscal constraints.
Green Climate Fund (GCF) Executive Director Yannick Glemarec will highlight the Fund’s key role in helping bridge the climate finance gap at the Climate Adaptation Summit 2021 starting today. GCF is central to the summit’s goal of ramping up adaptation measures, amid intensifying climate effects.
Millions of poor farmers living in the world’s most climate-impacted parts of the Sahel have cause for hope today because of their governments’ support for accelerating Africa’s Great Green Wall (GGW), an area covering 11 countries from Senegal and Mali in the West to Ethiopia and Djibouti in the East. A new investment programme is planned to support Sahelian governments through a partnership between the Green Climate Fund (GCF) and the International Fund for Agricultural Development (IFAD) in order to boost climate finance for these rural populations.
The Green Climate Fund (GCF) has signed detailed agreements with its partners to implement four new projects, just hours after funding approval was granted by the GCF Board. The signing of the Funded Activity Agreements (FAAs) in the margins of last week’s B.27 Board meeting accelerates the delivery of climate finance to developing countries.
The Green Climate Fund (GCF) Board has given a major boost to climate finance for developing countries with the approval of over USD 1 billion of funding for low-emission, climate-resilient development. The 27th Board meeting also adopted the Updated Strategic Plan for the Green Climate Fund 2020-2023, setting an ambitious direction for GCF during its first replenishment period.