GCF Updates

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Updates on GCF’s Activities

Photo Credithttp://www.apmdd.org/ 

GCF lays climate finance groundwork in Africa and the Pacific

The Green Climate Fund has provided USD 700,000 to Rwanda through its Ministry of Natural Resources. Maldives, Nepal and other countries have also received a total of USD 1.4 million to help boost their capacities for climate programmes through the United Nations Environment. Please, see more here.

GCF Structured Dialogue with the Pacific

The Green Climate Fund held a dialogue with representatives from Pacific Island countries together with the Fund’s accredited stakeholders. The three-day activity aimed at furthering GCF proposals to incentivize the private sector’s engagement. Please, see more details here.

Mainstreaming Gender

The adverse effects of climate change affect women more severely than men. The article tries to outline how the Green Climate Fund is addressing this issue. The Fund is thought to be the first climate finance mechanism that seeks to mainstream gender perspectives by articulating the issue through its objectives and guiding principles. More articles on gender and climate can be read here

Slowly disbursing of funds

Among the projects approved by the GCF Board members, 16 Funded Activity Agreements (FAAs) have been signed. Among them, the following projects have received tranches as disbursed by the GCF:

  • Maldives: first USD 3m tranche of GCF’s total contribution of USD 23.6m link
  • Liberia: USD 2.2m grant for climate adaptation link
  • Tuvalu: first USD 2m tranche of its USD 36m contribution link
  • Mongolia: GCF completes USD 20m transfer to Mongolian energy sector link
  • Namibia: transferring over USD 400,000 as part of the USD 10m overall grant link; second project: transferred USD 3.4m as the first tranche of the USD 9.5m grant
  • Peru: GCF has transferred the first USD 1m tranche of USD 6.2 m grant link

Some projects waiting for disbursements

Based on the present report published on the GCF website, there are 16 FAAs signed, including the aforementioned projects, which are the :

Peru – “Building the resilience of wetlands in the province of Datem del Marañón”

Namibia – “Climate Resilient Agriculture in three of the vulnerable extreme northern crop-growing regions (CRAVE)”

Maldives – “Support of vulnerable communities in Maldives to manage climate change induced water shortages”

Morocco – “Development of Argan orchards in degraded environment”

Namibia – “Empower to adapt: creating climate-change resilient livelihoods through community-based natural resource management in Namibia (CBNRM)”

Malawi – “Scaling-up the use of modernized climate information and Early warning systems in Malawi”

Pakistan – “Scaling-up of Glacial Lake Outburst Flood (GLOF) risk reduction in Northern Pakistan”

Ecuador – “Priming financial and land use planning instruments to reduce emissions from deforestations”

Tuvalu – “Tuvalu coastal adaptation project TCAP”

Armenia – “De-risking and scaling up investment in energy efficient building retrofits”

Sri Lanka – “Strengthening the resilience of smallholder farmers in the Dry Zone to climate variability and extreme events through an integrated approach to water management”

The Gambia – “Large-scale ecosystem-based adaptation in The Gambia: developing a climate-resilient, natural resource-based economy”

Vietnam – “Improving the resilience of vulnerable coastal communities to climate change related impacts in VietNam”

Mauritius – “Accelerating the transformational shift to a low-carbon economy in the Republic of Mauritius”

Uganda – “Building resilient communities, wetland ecosystems and associated catchments in Uganda”

Samoa – “Integrated flood management to enhance climate resilience of the Vaisigano River catchment in Samoa”

An Open Letter to the Green Climate Fund Board

During the GCF Board meeting in Songdo (5-6 July), the active GCF CSOs sent a letter to the Board Members demanding that the Bank of Tokyo and JICA not be approved as accredited entities due to their track record of heavily financing fossil fuels (especially coal) and human rights violations committed, among other issues. For more details please see here.

See more News & Stories at the GCF.

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