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.
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.
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.