GCF Project Briefs 2015
This excerpt is from the GCF’s Project Briefs 2015
The 11th meeting of the Board in Zambia saw the approval of the Green Climate Fund’s first investment decisions in 2015. Eight projects were given the go-ahead, for a total GCF investment of USD 168 million of its funds for projects and programmes worth USD 624 million, marking the end of GCF’s launch phase and kick-starting the flow of climate finance through the Fund to developing countries. The activities supported by the Board will generate up to USD 1.3 billion in investments over the coming five years. The eight projects cover both mitigation and adaptation activities and include three in Africa, three in Asia-Pacific, and two in Latin America and the Caribbean. Summarized details of these initial GCF projects are given in this overview publication.
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