Se Young Park Created a Post in Climate Change,Sustainable Finance,Industry and Entrepreneurship At its latest board meeting in March 2021, the Green Climate Fund (GCF) approved $1.2 billion in funding for 15 climate change projects in developing countries. However, funding for only two of these 3 years ago At its latest board meeting in March 2021, the Green Climate Fund (GCF) approved $1.2 billion in funding for 15 climate change projects in developing countries. However, funding for only two of these projects, or 1.5% of the total amount, went directly to developing country institutions. Most of the climate finance provided by the GCF flows through international institutions such as the UN Development Programme (UNDP) or the World Bank. The GCF has accredited 62 developing country institutions as eligible for direct access so far, but 42 of them have yet to receive actual project funding. Why is it crucial to give developing countries greater direct access to finance? https://www.wri.org/insights/why-green-climate-fund-should-give-developing-countries-greater-direct-access-finance Share Share on Facebook Share on Twitter LinkedIn Add this Repost 1 like 0 comments