Green Climate Fund

From the Green Climate Fund: updated simplified approval process for LDCs, SIDS and African States

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20 May 2022. The Green Climate Fund (GCF) Board closed its 32nd meeting. In addition to the approval of new projects and other decisions, the Board "adopted an updated Simplified Approval Process (SAP), simplifying climate finance access for small-scale projects in Least Developed Countries (LDCs), Small Island Developing States (SIDS) and African States".

High-Level Leaders Dialogue: Green and Climate Resilience Bonds – Scaling up Access to Affordable Finance in Developing Countries, notably in LDCs

Reports from the Inter-Agency Task Force on Financing for Development and the Intergovernmental Panel on Climate Change raise the alarm bells on a lost decade for sustainable development and a shrinking window of opportunity to address the devastating impacts of climate change. Transitioning to a green, climate resilient global economy will require the mobilization of unprecedented capital. However, developing countries, notably LDCs and African countries, continue to have the lowest access to affordable finance.

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