Direct access becomes news at GCF - The Pacific Islands are the first to take advantage

 

 

 

This is a call for Central Africa to hurry up before it's too late. Read again: GCF: Funds flow in GCF’s first direct access project with Pacific Islands - The signing of the Funded Activity Agreement (FAA) allows GCF to transfer USD 296,730 to SPREP in the first tranche of the Fund’s contribution of nearly US 23 million to a USD 26.6 million adaptation project in Vanuatu,..

 

 

GCF: Funds flow in GCF’s first direct access project with Pacific Islands

 

Songdo, 23 Oct 2017 - QUICK TAKE - The Green Climate Fund has signed a funding agreement with the Secretariat of the Pacific Regional Environment Programme (SPREP) improving Pacific islands’ ability to deal with climate-induced disasters.

 

 

The signing of the Funded Activity Agreement (FAA) allows GCF to transfer USD 296,730 to SPREP in the first tranche of the Fund’s contribution of nearly US 23 million to a USD 26.6 million adaptation project in Vanuatu, which topped the 2016 World Risk Report of natural hazards as the most vulnerable nation.

 

 

FAAs set the legal framework for GCF Accredited Entities to carry out GCF-approved climate projects. SPREP, approved by GCF as an Accredited Entity in 2015, focuses on climate change and environmental issues affecting Small Island Developing States (SIDS) in the Pacific.

 


 
This is the first FFA signed with a Pacific islands direct access Accredited Entity.

 

 

Learn more…

 

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CBFP News Archive

2017

Thegef: GEF-7 Replenishment
SEP2D web site launch
GCF: Mainstreaming gender
REFADD prepares for COP 23
CBFP Flash News July 2017
unep: Annual Report 2016
MEFDDE Newsletter, May 2017
greenclimate.fund : Careers
IUCN: Annual report 2016
Infosylva 09/2017
Sixth SGTAPFS meeting
EU Forest Watch April 2017
What is World Water Day?
GCF- Get accredited
IAF and the 2030 Agenda