Green Climate Fund

Forest protection and restoration are among the world's most effective and low-cost solutions to fighting the climate crisis. At #GCFB44, the Board approved a mitigation project with the Japan International Cooperation Agency (JICA) for REDD+ results-based payments to Viet Nam for its 2014 forest efforts. The country 🇻🇳 will reinvest the proceeds for conservation and restoration in two agro-ecological regions. This is Viet Nam's first REDD+ results-based payment for past results and GCF's last under its REDD+ results-based payments pilot programme: https://gcf.co/fp294 REDD+ results-based payments are now permanently integrated into GCF's project activity cycle, which continuously incentivises developing countries to cut emissions from deforestation and forest degradation. #ClimateAction Eryn Gayle Echavez de Leon

At #GCFB44, the Board approved Climate-Smart Technology Facility, a #climateaction project that aims to embed climate finance within Kenya's banking system. GCF's $43.6 million investment, through KCB Bank Group, will establish a scalable, de-risked local currency lending facility to expand access to finance for vulnerable MSMEs and farmers to improve food and water security and climate resilience. Learn more about KCB Bank Kenya Limited's first project with GCF: https://gcf.co/fp292 Georges E. Sander, CFA

Our project in Kenya and Senegal has reduced more than 5.7 million tonnes of CO₂. How? Through 'Improved Cookstoves'. Improved Cookstoves (ICS) are an alternative to traditional stoves and can serve as a transitional step toward cleaner technology. Considering that approximately 2.1 billion people still rely on traditional fuels such as kerosene or coal for cooking, the adoption of ICS helps mitigate greenhouse gas emissions by reducing them on the consumer side. Backed by GCF’s $43.9 million investment, in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the 'Promotion of Climate-friendly Cooking' project expanded access to ICS. It strengthened the countries' clean cooking market by professionalising local cookstove producers — turning small workshops for ICS into scalable businesses. The project also significantly contributed to the climate targets of Kenya and Senegal's Nationally Determined Contributions (NDC). With the project coming to a close soon, learn more about its #climateaction impact and explore the stories of ICS producers (link below ⏬) to understand how climate finance delivered market transformation in Kenya 🇰🇪 and Senegal 🇸🇳. #GCF10

At #GCFB44, the Board approved FORECCSA+, a #climateaction project that scales climate adaptation for the most vulnerable communities across 11 provinces in Ecuador. 🇪🇨 GCF's $23.4 million investment in the project through the Instituto Interamericano de Cooperación para la Agricultura (IICA) aims to strengthen climate resilience for women and food security in the country by improving access to climate information, enhancing production systems and market access, and strengthening local governance. The project builds on the success of the FORECCSA project funded by the Adaptation Fund and goes further by placing greater emphasis on sustainable, income-generating opportunities. See the 🔗 in the comments ⏬ to learn more. Valentina Villoria Soto-Rosa Maria Camila López Gil

At #GCFB44, the Board approved GCF's first single-country adaptation project in Armenia. 🇦🇲 Our $9.5 million investment in SAP068 through the "Environmental Project Implementation Unit" State Agency of the Ministry of Environment, Armenia (EPIU) aims to strengthen national climate resilience by establishing a people-centred multi-hazard early warning system that modernises hydro-meteorological observation and forecasting. #ClimateAction By shifting to risk-informed anticipatory action, Armenia is charting a path toward climate resilience aligned with the UN's Early Warnings for All initiative. #EW4All https://gcf.co/sap068

What does it take to bring modern energy access to the most vulnerable communities in Eastern and Southern Africa? GCF Climate Investment Principal Mihir Sorti explains how our $250 million investment through The World Bank Group will expand clean energy access in 21 countries across Eastern and Southern Africa through distributed renewables, clean cooking, and productive energy use via a private sector-led delivery mechanism. More about ASCENT-GREEN here: https://gcf.co/fp291 #GCFB44 #ClimateAction

Stronger hurricanes. Erratic rainfall. Prolonged droughts. For Jamaica's smallholder farmers, climate change isn't abstract; it's destroying crops and making it harder to earn a living. GCF Climate Investment Associate Principal Marc Kristof Dumas-Johansen explains how our $40.6 million investment through FAO is building a resilient agricultural sector in Jamaica. The ADAPT Jamaica project employs a holistic approach that includes scaling climate-resilient agriculture, as well as food loss and waste practices and technologies. This is GCF's first single-country project in Jamaica – learn more about it: https://gcf.co/fp299 #GCFB44 #ClimateAction

📣 NEWS: GCF hits #climateaction milestones with the selection of host countries for new regional offices and the approval of $960.3 million in climate finance for new projects — raising its investment portfolio above $20 billion. #GCFB44 ❇️ Landmark decision of selecting host countries in Africa, Latin America and the Caribbean, Eastern Europe, Central Asia and the Middle East, and the Pacific marks the first time GCF will have a physical presence closer to the developing countries it serves ❇️ 18 new projects include ASCENT-GREEN, a $250 million programme to expand energy access across 21 countries in Eastern and Southern Africa, and the first-ever single-country GCF investments in Chad, Jamaica, and the Bahamas ❇️ 10 new entities approved for accreditation, six of which are Direct Access Entities from Barbados, Bhutan, Kyrgyzstan, Nigeria, Republic of Korea, and the State of Palestine These milestones reinforce GCF's position as the world’s climate fund for developing countries. More details here: https://gcf.co/4sDOZ8R

Congratulations to the host countries selected by the GCF Board at #GCFB44 today! Panama City, Panama 🇵🇦 - host for the GCF Regional Office covering Latin America and the Caribbean Ministry of Environment of Panama Amman, Jordan 🇯🇴 - host for the GCF Regional Office covering Eastern Europe, Central Asia, and the Middle East Nairobi, Kenya 🇰🇪 - the host for the GCF Africa Regional Office covering East and Southern Africa THE NATIONAL TREASURY KENYA Abidjan, Côte d'Ivoire 🇨🇮 - host for the GCF Africa Regional Office covering Central, North, and West Africa Suva, Fiji 🇫🇯 - host for the GCF Sub-Regional Office covering the Pacific As the world's climate fund for developing countries, this brings us closer to the countries we serve for more efficient delivery of #ClimateAction.

How do you attract investment in climate technologies in markets where no one has proven it can work? GCF Climate Investment Associate Daham Lee speaks about how our $37.5 million equity investment via CC Global Services Holdings will crowd in private sector investor capital and demonstrate the commercial viability of scaling climate technologies in Kazakhstan, Mongolia, and Uzbekistan. Learn more about CC Asia Climate Fund's role as a first-mover: https://gcf.co/fp297 #GCFB44 #ClimateAction