Green Climate Fund

The IDB and GCF are creating the first Latin American and Caribbean regional fund to promote electric mobility and green hydrogen

August 10, 2022

The Inter-American Development Bank (IDB) and the United Nation’s Green Climate Fund (GCF) are teaming up to create the first Latin American and Caribbean regional fund to promote electric mobility and green hydrogen. Nine countries expect to receive US$450 million in loans and grants from the fund to aid in lowering carbon emissions and building […]

New financing source for climate-related projects in the Caribbean secured

November 19, 2018

The Green Climate Fund (GCF) and the Caribbean Development Bank (CDB) have signed a legal agreement to facilitate climate finance projects in the Caribbean. The Accreditation Master Agreement (AMA) was signed on the sidelines of the GCF’s Caribbean Structured Dialogue which took place in Grenada earlier this month. The meeting brought together stakeholders to plan […]

USD 1bn from Green Climate Fund to support climate action projects

October 24, 2018

Nineteen new projects supporting climate action in developing countries were approved for financing at the 21st meeting of the Green Climate Fund (GCF) Board, and will receive a total of USD 1.048 million. The GCF board also launched the Fund’s first formal replenishment, a key moment in the development of what is now the world’s […]

Barbados gets access to millions in funding for climate finance

October 12, 2018

This week, Barbados signed an agreement with the Green Climate Fund which will allow the country to access significant grants for climate finance. The Readiness Grant agreement was signed by the Economic Affairs and Investment Minister Marsha Caddle in South Korea, on the sidelines of the fund’s Global National Designated Authority and Private Investment for Climate […]

Pacific Islands: climate fund to boost renewables transition

December 22, 2016

The Green Climate Fund (GCF) has approved $17m in funding to install energy storage systems, support private sector investment, and for capacity building to support the Asian Development Bank (ADB) program to assist seven Pacific island countries to transition to a renewable energy future. The ADB proposed Pacific Islands Renewable Energy Investment Program will assist […]

Argentina: $133m from Green Climate Fund for RenovAr projects

December 21, 2016

The Green Climate Fund (GCF) has approved USD 133 million (EUR 128m) in funding for green energy projects in Argentina at its final board meeting for the year. The Argentine energy ministry further explained the funds will go towards financial guarantees and to extend loans for projects that secured contracts in the RenovAr renewable energy […]

Green climate fund approves loan for 143 MW solar project in Chile

July 22, 2016

The South Korea-based Green Climate Fund approved a loan for a large-scale PV project in Northern Chile. The site will have an initial capacity of 143 MW, though future expansion could put total capacity at 250MW. Project implementation will be done by Sonnedix, a US-based company. While Chile’s government has taken measures to attract renewable […]