Record-breaking Green Climate Fund Board approves USD 1.225 billion for new projects

Record-breaking Green Climate Fund Board meeting approves USD 1.225 billion for new projects, reforms accreditation model and invites bids to host regional presence.

As reported in the GCF press release,
"The Green Climate Fund (GCF) Board this week approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The USD 1.225 billion total is the largest amount approved at a single Board meeting, during a year in which the Fund is scaling up its activities in response to the global demands for climate finance. GCF now has a portfolio of 314 projects amounting to USD 18 billion in GCF resources, USD 67 billion including co-financing. "

Read the full Press release here.