The first Green Climate Fund (GCF) Board meeting of 2018 approved 23 projects valued together at USD 1,093.5 million of GCF funding.
The new approvals bring the GCF portfolio to a total of 76 projects and programmes, amounting to USD 3,730.2 million in GCF funding to assist developing countries in their low emission and climate resilient development.
The Board elected Ambassador Lennart Båge and Dr. Paul Oquist as its Co-Chairs for 2018, representing developed and developing countries respectively. A number of significant policy decisions were also made to strengthen GCF's operations, including adopting an Indigenous Peoples Policy, and an Environmental and Social Policy. In addition to the funding approvals, the Board approved an additional USD 60 million for the implementation of the Readiness Programme to assist developing countries in accessing GCF funds.
"We have had a highly positive week, approving over USD 1 billion in projects, which is a record amount in a single GCF Board meeting," stated Paul Oquist, GCF Co-Chair.
The list of the approved projects by the 1
st GCF Board meeting in 2018, includes two adaptation projects for Tajikistan:
- FP067 - USD 9.27 million for Building climate resilience of vulnerable and food insecure communities through capacity strengthening and livelihood diversification in mountainous regions of Tajikistan with the World Food Programme;
- FP075 - USD 5 million for the Institutional Development of the State Agency for Hydrometeorology of Tajikistan with the Asian Development Bank (ADB).
Source:
https://www.greenclimate.fund/-/gcf-board-approves-over-usd-1-billion-in-funding-for-climate-mitigation-and-adaptation?inheritRedirect=true&redirect=%2Fhome
