Largest approval by GCF to a single-country equity fund for a private sector climate mitigation program — The Board of the GCF has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund (GGEF), managed by EverSource Capital, the Dutch development bank will invest USD 137mln in the energy value chain, water, waste and transport sectors that promote low carbon and climate-resilient initiatives in line with India’s climate objectives and SDGs.