SEO Riders:
– GCF passes largest-ever single-round funding—US $1.225 bn for 17 global climate projects.
– Board adopts comprehensive accreditation reforms to expedite access and enhance local partnerships.
– Moves to establish regional offices and launch staff regulation improve presence and capacity.
At its recent meeting in Papua New Guinea, the Green Climate Fund (GCF) Board approved US $1.225 billion in funding for 17 climate resilience and mitigation projects across 36 developing countries—marking the largest single-round disbursement in the institution’s history. The record-breaking investment is intended to bolster climate action in vulnerable regions while signaling a renewed sense of urgency underscored by GCF Co-Chair Seyni Nafo as “a record amount of new climate finance” responding to growing global needs.
In conjunction with the funding approval, the Board enacted a sweeping reform package to its accreditation framework, aiming to reduce the time taken for institutions to gain access from up to three years down to roughly nine months. These reforms remove procedural bottlenecks while preserving accountability, enabling broader involvement from direct access entities, particularly national and regional partners. The GCF also initiated a call for proposals to host regional offices and approved updated Staff Regulations to attract and retain top talent, further strengthening its operational footprint and governance.
