Green Climate Fund Approves First Projects

bangladesh_sunset

Sunset in Bangladesh

International support for climate action in developing countries reaches new heights with the Green Climate Fund’s (GCF) first wave of approved projects. This initial funding will allocate 168 million USD towards eight specific mitigation and adaptation efforts in Africa, Asia-Pacific, and Latin America.

The approved programmes range from early warning systems for citizens threatened by extreme climate events in Malawi to clean water supply and wastewater management for Fiji. Each project was selected through a rigorous proposal process, the details for which are available on the GCF website.

The concept for the GCF was introduced in 2010 as a mechanism to provide international climate financing to developing countries. The fund was formally launched two years ago by the 194 Parties to the UNFCCC and has since raised more than 10 billion USD in pledges from 38 state governments.

maldives_from_air

View of the Maldives, Photo Credit: Stefanie Laubscher

The eight initial projects are:

 

Accredited entities responsible for implementing the initial programmes include:

Peruvian Trust Fund for National Parks and Protected Areas, PROFONANPE (Peru)

United Nations Development Programme, UNDP (International)

Centre de Suivi Ecologique, CSE (Senegal)

Kreditanstalt für Wiederaufbau, KfW (International)

Acumen Fund, Inc., Acumen (Regional)

Inter-American Development Bank, IDB (International)

Asian Development Bank, ADB (International)