Top Posts
New study shows overheating world will add 57...
NAICOM urges W’African insurers to invest in climate...
Climate change: Nigeria, development partners launch Net Zero...
Nigeria launches net zero project to fight climate...
CSOs reject water privatisation, seek more investment to...
NAICOM speaks on impact of climate change
NDDC, others push for climate change awareness in...
Heaviest monsoon in a decade kills 458 people...
Council releases first fully electric bin lorry
Report: A fifth of migratory species face extinction...
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

New study shows overheating world will add 57...

October 16, 2025

Heaviest monsoon in a decade kills 458 people...

October 9, 2025

Council releases first fully electric bin lorry

October 9, 2025

Study shows US asthma inhalers produce same emissions...

October 7, 2025

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

UN ends high-level week with calls for peace,...

September 30, 2025

China announces plans to cut greenhouse gas emissions...

September 25, 2025

China locks down as Super Typhoon Ragasa nears...

September 24, 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