Top Posts
Study shows climate change could make ‘droughts’ for...
Pakistan demands collective response in climate change fight
AfDB sets aside $40m to drive AGIA green...
Report: African cities move to address carbon-neutral development
Niger govt bans tree cutting, establishes agency to...
HEDA asks senate to hold IOCs accountable for...
FG issues flood alert for in 29 states,...
Lagos State Govt reassures residents over flash floods
NGO empowers women on climate resilience in Kaduna
Brazil launches COP30 accommodation platform after pressure from...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Green Climate Fund says it approved $3bn in climate financing in 2021

by admineconai April 12, 2022
written by admineconai April 12, 2022
1.1K

A global platform established to respond to climate change by investing in low-emission and climate-resilient development, Green Climate Fund (GCF) says it approved nearly $3 billion in new climate financing last year.

In its Annual Results Report for 2021, GCF said it supported over 190 projects in 127 developing countries aimed at reducing emission and inaugurating climate-resilient development pathways.

The organisation noted that its portfolio reached the $10 billion mark in GCF resources, totalling $37 billion in co-financing, adding that in 2022, it has signed an implementation agreement to scale up climate action across 13 African countries.

Read also: Radical environmental group advocates deflating tires of SUVs to combat climate change

The programme, which is implemented by the International Fund for Agricultural Development (IFAD), empowers African national and local banks to direct funds to help farmers cope with increasingly erratic climate effects while also reducing farming emissions.

According to reports, the GCF Board meeting also approved $ 114.4 million in new investment to the Inclusive Green Financing Initiative (IGREENFIN I).

Story was adapted from the Nation.

Carbon emissionClimate financeFund
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Radical environmental group advocates deflating tires of SUVs to combat climate change
next post
Study: Climate change caused Southern African storms

Related Posts

Study shows climate change could make ‘droughts’ for...

August 18, 2025

Pakistan demands collective response in climate change fight

August 18, 2025

Brazil launches COP30 accommodation platform after pressure from...

August 7, 2025

Pakistan’s deadly floods worsened by global warming: study

August 7, 2025

Putin decree allows Russia to increase greenhouse gas...

August 7, 2025

New study shows climate change cancelling major events

August 4, 2025

ICJ says countries to be held accountable for...

August 4, 2025

Report shows PR firm working for Shell wins...

July 30, 2025

Study shows climate change could make ‘droughts’ for...

July 30, 2025

UN agency says deadly floods show need for...

July 22, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World