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 […]