The Green Climate Fund (GCF) has approved a significant $686.8 million investment across 11 projects, bringing the total climate action commitment to $1.5 billion when combined with co-financing. This new funding will benefit 115.5 million people across 42 countries, helping mitigate 45.3 million metric tonnes of CO₂ emissions.
Key Focus Areas: Climate Resilience, Forestry, and Early Warning Systems
The new initiatives aim to bolster climate resilience and sustainable practices in some of the world’s most vulnerable regions. Notable projects include efforts in Serbia to enhance forest resilience and in Togo to improve the climate adaptability of vulnerable communities. The GCF’s funding will also expand its regional presence, improving access and impact in developing countries, according to GCF Executive Director Mafalda Duarte. She emphasized, “If climate action is local action—which it is—then the Green Climate Fund needs to be local too.”
Private Sector Involvement and Regional Growth
The GCF continues to partner with the private sector to amplify its impact. In Senegal, a collaboration with La Banque Agricole will support climate-smart agriculture, while a project with Mirova aims to address deforestation in agricultural regions by promoting sustainable land use. These private sector collaborations are part of a broader effort to diversify funding sources and scale up climate action.
A Stronger Focus on Africa, LDCs, and SIDS
With 63% of adaptation funds directed toward Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African nations, the GCF prioritizes support for those most vulnerable to climate change. The Fund’s portfolio now includes 297 projects, with $16.6 billion in GCF funding and $62.7 billion in co-financing.
Board Co-chair Seyni Nafo highlighted the importance of this expanded reach, saying, “It is particularly gratifying to see that we are broadening our impact by bringing first-time projects to Togo and Serbia.”
Next Steps for Global Climate Action
The GCF’s ongoing work showcases how global partnerships are driving climate action where it’s needed most. The next GCF Board meeting is set for June 30 to July 3, 2025, in Port Moresby, Papua New Guinea. As climate change continues to threaten vulnerable regions, the Fund’s investments are seen as a crucial step toward building resilience and securing a sustainable future.
