GREEN CLIMATE FUND (GCF) FUNDING

Current Context: The Green Climate Fund announced approval of over USD 120 million for climate resilience projects in Ghana, Maldives, and Mauritania, via UNEP-developed programmes.

 About GCF

• Established: At COP16 (Cancún, 2010); world’s largest climate-specific fund under UNFCCC .
• Headquarters: Songdo (Incheon), South Korea.
• Mandate: Provide equal funding (~50% mitigation, 50% adaptation), with at least half adaptation funds to SIDS, LDCs, Africa .

 New funding details

• Ghana: US $70 million (US $63 m grant) to strengthen agro-ecosystem and rural livelihoods across 8 districts, aiding ~120 communities.
• Maldives & Mauritania: Nature-based solutions, climate-resilient agriculture, early warning systems, improved water security—benefitting 5+ million people.