GCF: Green Climate Fund announces ambitious plans for next Board meeting: USD 1.1 billion in project proposals, including first GCF climate finance for China

 

 

New York, 28 Sep 2018

The Green Climate Fund has today announced that its Board will consider projects to a value of USD 1,148.4M for approval at its meeting next month.

 

 

Speaking in the margins of the UN General Assembly in New York, Javier Mazanares, GCF Deputy Executive Director, stated,

 

 

"Today we are proposing 20 projects to the Board for consideration at its meeting next month. They include what would be our first ever project in China, a Green Cities programme targeting Central Asia and Eastern Europe, a new fund for transformative climate finance in Africa, and a number of innovative mitigation and adaptation projects targeting Africa, Asia, Pacific islands and Latin America."

 

 

"The range of climate projects being proposed to the Board demonstrates our ambition to support the Paris Agreement by providing climate finance for low emission and climate-resilient development. Whilst the last Board meeting proved challenging, we are hopeful that the next meeting in Bahrain will reach agreement to increase our portfolio to a total of over USD 4.6 billion of climate projects."

 

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