Green Climate Fund 22nd Meeting of the Board

26-28 February 2019

GCF Headquarters, Songdo, Republic of Korea

 

Approved projects - Pacific

Nine projects were approved at B.22, however none located in the Pacific.

Accreditation updates

At B.22, the Board approved nine new organisations as Accredited Entities. From the Pacific, this included the Pacific Community (SPC).

Other Pacific-relevant news

During the meeting the Board adopted six investment criteria for assessing funding proposals, which will be piloted for one year. The criteria against which proposals will be assessed are:

 

  • Impact potential
  • Paradigm shift potential
  • Sustainable development potential
  • Needs of the recipient
  • Country ownership
  • Efficiency and effectiveness

 

See https://www.greenclimate.fund/how-we-work/funding-projects for more information.

The GCF’s Readiness and Support Program was provided with further funding of USD 122.5 million, with revised aims intending to provide more targeted support to countries, including a longer-term approach to readiness.

B.23 Meeting

The B.23 GCF Board meeting will be held at GCF Headquarters in Songdo, Incheon, Korea from 6 to 8 July 2019.

For access to an independent overview of substantive points of action from GCF B.22, please refer to the Climate Finance Advisory Service (CFAS) Briefing.

https://www.cfas.info/en