The United Nations’ Green Climate Fund (GCF) has approved $686.8 million in funding for 11 new environmentally focused projects across 42 countries, marking a significant step toward supporting vulnerable communities and reducing global emissions.
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With additional co-financing, the total investment reaches an impressive $1.5 billion. According to GCF estimates, these projects will directly benefit 115.5 million people while mitigating the equivalent of 45.3 million tonnes of carbon dioxide emissions.
Among the approved initiatives are first-time, single-country investments in Serbia and Togo. The Serbian project aims to enhance the resilience of the nation’s forests, while Togo’s programme focuses on bolstering the environmental resilience of its most vulnerable communities.
In a move to improve accessibility for developing countries, the GCF board has also decided to establish a regional presence. A spokesperson stated, ‘A regional presence will enhance access to the Fund and increase the environmental impact of its projects.’
The GCF board approved six new project-implementing partners during the same meeting, including five national and regional institutions, furthering the Fund’s commitment to direct access for developing nations.
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Established in 2010 under the Cancún Agreements from COP16, the GCF serves as the primary financial mechanism for both the UN Framework Convention on Climate Change and the Paris Agreement. Its mission is to facilitate the transfer of funds from wealthier nations to developing ones to address nature-related challenges.
With the addition of these new projects, the Fund’s portfolio now includes 297 initiatives totalling $16.6 billion in direct funding—an amount that climbs to $62.7 billion when accounting for co-financing.
The current distribution of funds reflects global priorities: Africa receives the largest share at 38%, followed by Latin America and the Caribbean with 32%, the Asia-Pacific region with 27%, and Eastern Europe, Central Asia, and the Middle East accounting for 3%.
The GCF board, which typically convenes three times annually, will hold its next meeting from 30 June to 3 July in Port Moresby, Papua New Guinea.
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As global environmental initiatives like the UN’s Green Climate Fund drive billions toward carbon mitigation and resilience, the value of investing in nature-based solutions has never been clearer. At DGB Group, we’re at the forefront of this transformation—developing large-scale projects that not only generate high-quality, verified carbon credits but also foster biodiversity and support local communities. For investors looking to align financial growth with meaningful environmental impact, our green bonds and impact investment opportunities offer a powerful way to lead the charge toward a sustainable future. Learn more about how you can be part of this change today.
