GCF: European Investment Bank and Green Climate Fund sign partnership agreement

 

 

Luxembourg, 28 Sep 2017

The European Investment Bank and the Green Climate Fund have signed an Accreditation Master Agreement, allowing them to work together to finance climate action in developing countries.

 

The agreement was signed at EIB’s headquarters in Luxembourg by Howard Bamsey, GCF Executive Director, and Jonathan Taylor, EIB Vice President, in the presence of EIB President Werner Hoyer.

 

Speaking at the signing ceremony, Howard Bamsey stated the partnership between EIB and GCF is a crucial one, since it has the potential to finance game-changing climate projects that meet the needs of developing countries.

 

“I am excited that today’s agreement means that we can advance our collaboration, particularly regarding the GEEREF NeXt project, which will deliver renewable energy and energy efficiency investment funds across the developing world at scale, opening the doors to transformative private sector investment,” he said.

 

Mr Bamsey continued: ‘It will also let us move towards implementing our project in Madagascar. Together with another partner, Conservation International, this initiative will enhance the resilience of smallholder farmers and reduce deforestation in one of the most vulnerable countries to climate change in the world.”

 

Accreditation Master Agreements (AMAs) establish the terms and conditions for partnerships between GCF and its Accredited Entities. The signing of AMAs is a prerequisite for all GCF Accredited Entities to implement GCF-approved projects. Accredited Entities work in collaboration with National Designated Authorities (NDAs), which are nominated by the recipient countries of climate finance.

 

The European Investment Bank is the largest multilateral provider of climate finance in the world. Since 2010, the EIB has met its commitment to dedicate a proportion of total lending to climate action. Since 2012, this target has been to exceed 25 percent of total lending (In 2016, climate action represented over 26 percent of the total lending, or EUR 19.5 billion). In 2015, the EIB committed to dedicate 35 percent of its lending to developing countries to climate action by 2020 (In 2016, this represented 26 percent of its own resource lending, or EUR 1.9 billion).

 

En savoir plus..

Go back

CBFP News

WWF: Rainforest deforestation more than doubled under cover of coronavirus -DW

Tropical rainforests shrank by 6,500 square kilometers in March — an area seven times the size of Berlin. Criminal groups are taking advantage of the pandemic and the unemployed are getting desperate, the WWF said.

Read more …

Nouabalé-Ndoki National Park Monthly update April 2020

"At a time when many countries are beginning their gradual deconfinement and when there is a glimmer of hope on the horizon of returning to normal life, I wanted to share with you some good news that also fills us with hope for the future of the Nouabalé-Ndoki National Park."

Read more …

Resources and follow-up from the virtual FAO-EcoAgriculture Partners Roundtable

Last April 30th FAO and EcoAgriculture Partners organized a virtual Roundtable on Territorial Perspectives for Development, in which over 170 people participated.

Read more …

ATIBT -CBFP: Private Sector mobilized around the CBFP Facilitator of the Federal Republic of Germany

ATIBT co-facilitated the mobilization of the private sector of the timber sector to participate in the first meeting of the private sector college of Congo Basin Forest Partnership with the new facilitator Dr Christian Ruck and his team German Facilitation.

Read more …

Development and institutionalization of a PAFC certification system for the Congo basin: opening of the second public consultation on Sustainable Forest Management Certification Standard, 23 May 2020 - 22 June 2020

This second public consultation will be open for a period of 30 days from tomorrow Saturday the 23rd of May 2020 and will be closed on Monday the 22nd of June 2020. The public consultation is open to all stakeholders of forest management in the Congo Basin interested in participating to the PAFC Congo Basin certification standards development process.

Read more …

Forest defenders on the COVID-19 frontline stand ready to assist the global EU response – Fern

These efforts go hand in hand with ensuring continued responsible management of natural resources and preventing unsustainably and illegally sourced forest commodities. In the Democratic Republic of Congo, forest-monitoring organisations Observatoire de la Gouvernance Forestière (OGF) and Réseau des observateurs indépendants des ressources naturelles (RENOI) are set to carry out COVID awareness-raising in at-risk forest areas, and will also assess COVID’s impact on forest management and governance commitments under the Central African Forest Initiative (CAFI). Across the Congo Basin, fears that a proper lack of oversight may put forests and forest peoples in danger are looming despite emerging initiatives.

Read more …

22 May 2020 International Day for Biological Diversity

The theme of the 2020 International Day for Biological Diversity is “Our Solutions are in Nature”. It shows that "Biodiversity remains the answer to a number of sustainable development challenges that we all face. From nature-based solutions to climate, to food and water security, and sustainable livelihoods, biodiversity remains the basis for a sustainable future."

Read more …

CBFP News Archive

2020