GCF

GCF Allocates $440 Mn For 9 Climate Resilience and Low Emission Projects

The 22nd meeting of the Green Climate Fund (GCF) recently ended with a raft of decisions to strengthen GCF for its first replenishment.  The Board during the meeting approved nine new climate resilience and low emission projects totaling $ 440 million in GCF resources and took steps to strengthen operations, reinforce standards and close policy […]

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EBRD Deepens Green Finance in Armenia with €2.5 Mn Loan

Possible investments include technologies such as thermal insulation, photovoltaic solar panels, geothermal heat pumps and water efficient irrigation systems. The European Bank for Reconstruction and Development (EBRD) is intensifying efforts to strengthen energy efficiency in Armenia with the launch of a new Green Economy Financing Facility for the country, co-financed by the Green Climate Fund (GCF). Small and medium-sized enterprises (SMEs) […]

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EBRD & GCF Provide $50.4 Mn for Solar Project in Kazakhstan

The new plant will generate over 102 GWh of electricity per year and will help reduce CO2 emission by 86,000 tons per year. Renewable power generation is set to play a greater role in Kazakhstan’s energy mix as a result of financing led by the European Bank for Reconstruction and Development (EBRD) for the construction of […]

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Green Climate Fund Invests $1 Bn for Developing Countries

The 19 new projects amount to a total investment from GCF of USD 1,038 million, and including co-financing the projects will channel over USD 4,244 million of climate finance for low-emission, climate-resilient development. The Green Climate Fund (GCF) in its 21st board meeting in Bahrain has approved over one billion dollars of new projects and […]

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MNRE invites proposal for availing Green Climate Fund (GCF) support in renewable energy areas

The Ministry of New and Renewable Energy (MNRE) has invited proposals from State governments, industry, developers, electrical utilities, private and public institutions, international agencies and other stakeholders for availing Green Climate Fund (GCF) support in renewable energy areas. MNRE in a statement said proposals shall have potential to deliver transformative impact on climate change mitigation […]

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