In Short : The Green Climate Fund (GCF) provides grants and financial assistance to help developing countries combat climate change. Grants support mitigation projects to reduce emissions, adaptation projects to enhance resilience, capacity building for effective climate action, and innovative technologies. Additionally, the GCF encourages private sector investment in climate-friendly initiatives, promoting low-emission, climate-resilient development […]
$120 Million from Green Climate Fund to Support ADB’s Community Resilience Partnership Program in Asia and Pacific – EQ
In Short : The Green Climate Fund (GCF) has allocated $120 million to support the Asian Development Bank’s (ADB) Community Resilience Partnership Program in the Asia-Pacific region. This funding aims to enhance community resilience to climate change impacts, focusing on vulnerable populations. In Detail : TBILISI, GEORGIA : The Green Climate Fund (GCF) has approved […]
Execution of the Funded Activity Agreement with the Green Climate Fund on the Maldivian Project: Promoting coastal conservation measures to respond to the climate crisis – EQ Mag
On October 20, the Japan International Cooperation Agency (JICA) executed a Funded Activity Agreement (FAA) on the “Building Climate Resilient Safer Islands in the Maldives” project with the Green Climate Fund (GCF)*. The signing took place online between JICA Senior Vice President Ueshima Takumi and GCF Executive Director Yannick Glemarec in the venue of the […]
4 Climate Finance Priorities for the Biden Administration
Providing funding to poorer nations to undertake climate action is not only a moral and legal responsibility for developed countries, but also a strategic investment in a cleaner and more resilient world. Such support pays dividends by reducing the severity and costs of climate impacts, including extreme weather, ecosystem loss and political instability both at […]
African Development Bank approves $20 Million facility for Green Mini-Grid Program in Democratic Republic of Congo
The African Development Bank Board has approved a $20 million facility to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based mini-grid solutions in the […]
Tonga Power Ltd signs purchase agreement with Sunergise to built solar plant
ADB is supporting this transition to a cleaner and more sustainable energy mix through a $12.2 million grant to the Tonga Renewable Energy Project. The largest solar plant in the south Pacific will be built in Tonga through the country’s second commercially financed public-private partnership (PPP) after an agreement was signed in Nuku’alofa today. Tonga […]