started · updated
Green Climate Fund approves 1.97 billion USD for 21 global projects
The Green Climate Fund (GCF) has approved 1.97 billion USD to support 21 projects aimed at climate mitigation and adaptation. This brings the total funding approved by the GCF this year to a record 3.2 billion USD. The decisions were made during the GCF 46th Board meeting held in Songdo, South Korea.
Key regional allocations include:
In Mexico, the GCF approved 85.3 million USD to recognize emission reductions from deforestation and forest degradation. Supported by the FAO, this six-year project will focus on forest conservation and sustainable livelihoods, benefiting approximately 33,720 people.
In Algeria, a 43 million USD grant will support the Green Dam initiative to combat desertification across six provinces. The project aims to restore over 59,000 hectares of degraded land and provide solar energy kits to rural households.
In Southern Africa, 140 million USD was allocated for green hydrogen and industrial decarbonization. Namibia will receive 56 million USD through the SDG Namibia One Fund, while South Africa will receive 84 million USD for its SA-H2 Fund.
In Colombia, a donation of approximately 146 billion COP (roughly 35 million USD) will support the “Building Water Resilience” program in Bogotá. The initiative aims to protect high-altitude ecosystems like the Chingaza and Sumapaz páramos to secure water for 10 million people.
Entities
Algeria · Bogotá · Chile · Colombia · Fiji · Food and Agriculture Organization of the United Nations · Green Climate Fund · Mexico · Namibia · National Forestry Commission · United Alliance for Climate Action
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] South Africa will receive 84 million USD from the GCF allocation. thebrief.com.na · solarquarter.com
- [● 2 SOURCES] Namibia will receive 56 million USD from the GCF allocation. thebrief.com.na · solarquarter.com
- [● 2 SOURCES] The GCF approved 140 million USD for green hydrogen and industrial decarbonization in Namibia and South Africa. thebrief.com.na · solarquarter.com
- [○ 1 SOURCE] The Green Climate Fund approved 146 billion COP for water protection in Colombia. www.minambiente.gov.co
- [● 3 SOURCES] The GCF approved 85.3 million USD for Mexico to recognize reductions in emissions from deforestation. imagenagropecuaria.com · diario.mx · lucesdelsiglo.com
- [● 3 SOURCES] Mexico's project will benefit approximately 33,720 people. imagenagropecuaria.com · diario.mx · lucesdelsiglo.com
- [● 5 SOURCES] The GCF 46th Board meeting was held in Songdo, South Korea. imagenagropecuaria.com · diario.mx · lucesdelsiglo.com · solarquarter.com · thebrief.com.na
- [○ 1 SOURCE] The GCF approved 184.8 million USD for projects in Algeria and Mexico. thevaultznews.com
- [○ 1 SOURCE] The GCF is providing approximately FJ$79.3 million for the Fiji Coral Reef Resilience Project. www.fbcnews.com.fj
- [○ 1 SOURCE] The Asian Development Bank is finalising a 250 million USD Pacific investment from the GCF. devpolicy.org
- [● 2 SOURCES] The Matanataki Pacific Fund 1 will receive approximately 33.8 million USD in GCF equity investment. www.fbcnews.com.fj
- [○ 1 SOURCE] Total funding approved by the GCF this year has reached 3.2 billion USD. zielonagospodarka.pl