green climate fund News

  • UN Green Climate Fund ‘headed for failure’ – Bloomberg

    The Green Climate Fund (GCF), designed to channel $100 billion a year in climate-related investment to the developing world by 2020, is destined for failure, according to Bloomberg New Energy Finance (BNEF). In a white paper published today, BNEF chief executive Michael Liebreich argued that the Transitional Committee set up ...


    By GLOBE Foundation

  • Key Role for Central Banks for Green Climate Fund

    The Green Climate Fund (GCF) – set up in 2010 under UN auspices with the aim of channelling funds to developing countries to fight climate change – is having a hard time of it. The aim was for the GCF to raise US$100 billion per year by 2020: so far total ...


    By Climate News Network

  • What`s next for the green climate fund?

    This past week, the board of the Green Climate Fund (GCF) met for the first time. This was an important milestone around the goal of increasing financial support to help developing countries mitigate and adapt to climate change. Expectations are high for the Fund, officially established at ...

  • Promising green technologies funded

    The federal government has announced a $53 million investment to help 17 new clean technology projects from across the country to reach the stage of commercialization. The announcement was made today by Joe Oliver, Minister of Natural Resources, and Sustainable Development Technology Canada's (SDTC) President and CEO Vicky Sharpe. "Through our support for cutting-edge clean energy technology ...


    By GLOBE SERIES

  • Virgin launches new green fund

    Virgin Money, the financial services arm of Sir Richard Branson's Virgin Group, has announced the launch of an invesent fund which only puts money into environmentally-friendly companies. The program called the Virgin Climate Change Fund will invest in all sectors, not just ...


    By GLOBE Foundation

  • Edmonton receives green municipal funding

    The City of Edmonton will receive two Federation of Canadian Municipalities (FCM) Green Municipal Fund (GMF) grants totalling $700,000 to support innovative waste processing and street sand recycling projects. The GMF support will help the City of Edmonton to develop advanced technology for the gasification of Edmonton’s municipal ...


    By GLOBE Foundation

  • £200m funding boost for Green Deal

    £200m of new and additional Government funding has today been announced to provide a special time-limited ‘introductory’ offer to boost the early take up of the Government's Green Deal energy efficiency scheme. With bills rising because of rocketing global energy prices, the Government wants to see as many people as possible benefiting when the Green Deal hits the high street ...

  • Climate funds must help integrate climate into policy

    Developing countries deserve more support for their efforts to prioritise climate change in development, writes climate expert Simon Anderson. At last year's conference of parties to the UN Framework Convention on Climate Change (UNFCCC), countries decided that "comprehensive, iterative assessments of development needs and climate vulnerabilities" should form the basis for national ...


    By SciDev.Net

  • What’s the future of the climate investment funds?

    The committees governing the $7 billion Climate Investment Funds (CIFs) – the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF) – will meet in Istanbul this week. ...

  • Why is choosing a host country for the green climate fund such an important decision?

    The second meeting of the Green Climate Fund (GCF), the institution that’s expected to become the main global fund for climate change finance, will take place tomorrow in Songdo, Korea. While the Board will ...

  • Governments agree transitional committee members for new green climate fund

    Parties to the United Nations Framework Convention on Climate Change (UNFCCC) have agreed the selection of the forty members who will be entrusted with the task of designing the Green Climate Fund, the new institution which will manage long-term finance mobilized to enable developing countries to address climate change. The selection of this Transitional Committee, which will prepare operational ...

  • The green climate fund board meeting: Highs, Lows, and a Host Country

    The Green Climate Fund (GCF) Board wrapped up its second meeting on Saturday with a major decision: selecting Songdo City in South Korea to ...

  • Climate deal leaves questions on green fund and tech transfer

    The UN Climate Change Conference (COP 17) in Durban, South Africa, ended yesterday (11 December) with an agreement that all major polluting countries would work towards legally binding targets for reducing carbon emissions. But the bitter showdowns and high drama which preceded the last-minute agreement sidelined two key issues for developing countries — the workings of a Green Climate ...


    By SciDev.Net

  • UN Green Climate Fund receives €750m record pledge from Germany

    The fund officially opened in South Korea in December last year and officials are aiming to raise US$100 billion (£58 billion) to assist developing nations in their efforts to develop low-carbon economies. The GCF opened up for big donations in May after completing rules on how it will collect and distribute the money and Executive Director Hela Cheikhrouhou (pictured right) said in June ...


    By Climate Action

  • Green Climate Fund Board selects Hela Cheikhrouhou as Executive Director

    The Board of the Green Climate Fund is delighted to announce the selection of Ms. Hela Cheikhrouhou as the Fund's first Executive Director. The consensus decision by the Board follows an extensive global recruitment process to select the head of the Fund's Secretariat, which is currently in its start-up phase. Ms. Cheikhrouhou, a Tunisian national, is currently Director of the Energy, ...

  • Green Climate Fund making good progress towards its operationalization

    The second meeting of the Board of the Green Climate Fund, that took place on 18-20 October in Songdo, Republic of Korea, made good progress towards the operationalization of the Fund. In addition to selecting the Republic of Korea to become the host country of the Fund, the Board approved its work plan until the end of 2013 and the related administrative budget, and it adopted its annual report ...


    By Green Climate Fund (GCF)

  • Now Japan Pledges $1.5 Billion to Green Climate Fund

    Japan today announced a pledge of $1.5 billion to the Green Climate Fund (GCF) ahead of next week's pledging conference in Berlin. The pledge, announced on the margins of the G20 Summit taking place in Brisbane, Australia, comes in the wake of a $3 billion pledge by the United States. Total pledges to date for the GCF, the financial instrument designed to assist developing countries achieve their ...

  • Eco Expo Asia 2016 closed with record-breaking exhibitor and visitor numbers

    Eco Expo Asia 2016 closed amid great acclaim with record-breaking exhibitor and visitor numbers. Held from 26 – 29 October, the Expo was jointly organised by Messe Frankfurt (HK) Ltd and the Hong Kong Trade Development Council, and co-organised by the Environment Bureau of the Government of Hong Kong Special Administrative Region. The ...


    By Messe Frankfurt (HK) Ltd

  • Pledges to Green Climate Fund at $10 billion – $90 billlon to go

    As of May 8,2015 a total of 33 governments have made pledges to the Green Climate Fund (GCF) of just over USD 10 billion, far short of the planned USD 100 billion target. Of this total only USD 4.0 billion (42%) in contribution agreements have actually been signed.  ...


    By GLOBE Foundation

  • Green Climate Fund Starts the Flow of Climate Finance to Developing Countries by Approving First 8 Investments

    The Green Climate Fund (GCF) Board approved US $168 million of funding for projects and programmes worth US$ 624 million, marking the end of its launch phase and kick-starting the flow of climate finance through the Fund to developing countries. The activities supported by the Board will generate up to US$ 1.3 billion in investments over the coming five years. The Board, meeting in Zambia this ...

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