Green Climate Fund
Green Climate Fund restructures, aiming to become donors’ “partner of choice”
GCF chief Mafalda Duarte tells Climate Home how she plans to boost the fund’s impact and position it to secure more resources
In Somalia, Green Climate Fund tests new approach for left-out communities
GCF head Mafalda Duarte promises a more proactive plan to bring cash to the most vulnerable countries struggling with climate impacts
UN climate fund axes Nicaragua forest project over human rights concerns
In its first such move, the Green Climate Fund has pulled out of a project after developers failed to address environmental and social compliance issues
Green Climate Fund ambition at risk after ‘disappointing’ pledges
The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday
Green Climate Fund may have to curb ambition as funding stagnates
The UN’s flagship global climate fund looks likely to have to rein in its ambition, after France announced just a 4% boost in its contribution.
UN climate fund suspends project in Nicaragua over human rights concerns
The Green Climate Fund suspended a $117 million forest conservation project in Nicaragua over escalating violence against indigenous people.
After “sleepless nights”, governments strike deal on Green Climate Fund strategy
Developed countries pushed for more focus on private money while developing governments wanted more public money from rich nations
Germany promises €2bn to global Green Climate Fund
The pledge sets the bar for other wealthy countries and puts the fund on track for what it calls a “mid” level of ambition
UN’s Green Climate Fund too scared of risk, finds official review
The UN’s flagship climate fund is struggling to clearly manage risks in its projects, an independent review has found, making it wary of taking on high-impact projects in developing countries
Green Climate Fund credibility hangs over response to violence in Nicaragua project
Indigenous people in Nicaragua have accused a Green Climate Fund project of exacerbating violence with settlers invading their land
Mafalda Duarte named as next chief of UN climate fund
The CEO of the Climate Investment Funds has been picked to head the Green Climate Fund as its board faces its first complaint case
Africa objects to US chairing UN climate fund, citing unpaid $2bn
The Green Climate Fund is making cutbacks to its project portfolio, while the US fails to deliver on a years-old funding pledge
Rich nations deflect GCF climate finance burden to private sector
The US wants to open the door for philanthropists and businesses to contribute to the Green Climate Fund, despite fund staff’s doubts
South African bank held to net zero standard for GCF accreditation
Developing country board members objected that it was unfair to hold institutions in rich and poor countries to the same green standards
After US fails to pay its debt, UN’s flagship climate fund warns of austerity
Without more money coming in, the Green Climate Fund’s head warned that the pipeline of carbon-cutting projects in developing countries would have to be cut
Dispute grips Green Climate Fund over net zero condition for accessing finance
Board members from developing countries insisted that making a 2050 net zero goal a condition for accreditation to the fund breaches equity principles
GCF considers renewed partnership with UNDP, amid corruption investigations
The Green Climate Fund board has been advised to re-accredit the UN development agency, despite unresolved corruption claims against projects in Samoa and Armenia
Row erupts at Green Climate Fund over who defines climate adaptation
Two adaptation projects didn’t make it pass the UN’s flagship fund’s technical panel, while board members decide to partner with a fossil fuel backing Japanese bank
Joe Biden’s $1.2bn budget for Green Climate Fund falls short of campaigner demands
The proposed US contribution to the UN’s flagship climate fund this year is not enough to catch up with other donors
Green Climate Fund whistleblowers urge US to take its money elsewhere – until ‘toxic’ workplace is fixed
As John Kerry promises to “make good” on a $2 billion pledge to the GCF, the UN’s flagship fund faces critically low confidence in its senior management