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GCF Board approves nearly USD 600m in new climate projects after selecting Mafalda Duarte as new Executive Director - GCF
The thirty-fifth meeting of the Green Climate Fund (GCF) Board has ended with the approval of USD 587.7 million in new climate finance for developing nations, as well as the selection of a new Executive Director.
Mafalda Duarte has been selected as the next Executive Director of GCF, with Henry Gonzalez, GCF Deputy Executive Director, appointed to serve as interim Executive Director until Duarte starts her tenure with GCF. The outgoing Executive Director Yannick Glemarec is reaching the end of his four-year term and will leave GCF on 2 April 2023.
Speaking at the end of his last Board meeting, Glemarec said, “It has been an honour to lead GCF and its outstanding staff for these past four years and to shepherd the organisation’s growth and evolution. As we near the end of the first replenishment period, GCF has become the hub of the climate finance architecture with over 200 public and private delivery partners, breaking down investment barriers and catalysing finance at scale for developing countries.”
He added, “I am delighted that Mafalda has been appointed as my successor. Mafalda brings proven experience in climate fund management to GCF that will enable the organisation to continue its rapid growth during the second replenishment period and deliver on its ambitious mandate to avert catastrophic climate change.”
The meeting was the first to be held under the direction of the Board’s new Co-chairs Nauman Bashir Bhatti of Pakistan and Victoria Gunderson of the United States, as well as the first of 2023.
Co-chair Nauman Bashir Bhatti said, “The projects approved at this meeting send a strong message that despite multiple global challenges, GCF’s Board is committed to maintaining strong momentum on climate action for developing nations, by providing critical financial resources, while ensuring predictability, speed, and scale. The Board looks forward to working constructively with Mafalda to support the Fund’s development in a critical replenishment year.”
Co-chair Victoria Gunderson said, “These project approvals and the appointment of a new Executive Director show that GCF is continuing to deliver on its mandate to serve the needs of developing nations. The productive discussions we had at this Board meeting are testament to the continuing growth and evolution of the organisation and the development of its catalytic portfolio. The Board looks forward to working with Mafalda to continue this journey.”
The meeting approved over USD 587 million in new climate finance across seven projects. These include projects in Cambodia, Lao People’s Democratic Republic, the Philippines, Bolivia, Colombia as well as renewable energy and climate resilient infrastructure programmes spanning multiple countries.
Project agreements (Funding Activity Agreements) were signed for four of the projects on the sidelines of the Board meeting shortly after their approval, ensuring they can move rapidly to implementation. Full details of the projects approved are listed below.
With these new project approvals, GCF’s portfolio now stands at 216 projects worth USD 12 billion in investment of GCF resources and USD 45 billion total assets under management when including co-financing.
The Board also approved the accreditation of The Nature Conservancy based in the United States, and the re-accreditations of Caribbean Community Climate Change Centre (CCCCC) based in Belize and Inter-American Development Bank (IDB) based in the United States. This brings the total number of GCF Accredited Entities to 114, including 72 regional or national Direct Access Entities.
The Board was updated on the Fund’s ongoing second replenishment by Dr Mahmoud Mohieldin who was appointed as Facilitator for the replenishment process. The replenishment will culminate in a pledging conference in October, when new contributions to GCF will be formalised.
The Board heard updates on the Fund’s Risk Management Framework and the Updated Strategic Plan 2024-2027, which will be presented for approval at the next Board meeting. Other items of note were a presentation by the Independent Evaluation Unit on the final report of the Secondary Performance Review of GCF and a request to the Secretariat to prepare a proposal on financing of results-based payments for REDD+ for Board consideration and approval later this year.
The meeting concluded with a farewell to Glemarec where the Co-chairs and Board members expressed their appreciation to the outgoing Executive Director for his leadership and contributions to the Fund.
Geneva and Yaoundé, 26 May 2023. The Ministry of Economy, Planning and Land Planning of Cameroon (MINEPAT) and CAFI are launching two Calls for Expressions of Interest today to all relevant implementing organisations concerned, representing a maximum of 60 million US$.
WWF is supporting the Government of Cameroon in her effort to restore more than 12 million hectares of degraded landscapes in the country. In 2017, the Ministry of Environment and the Ministry of Forestry and Wildlife committed, on behalf of the Government of Cameroon, to restore 12,062,768 ha of degraded landscapes under AFR100 and the Bonn Challenge by 2030. Of these, 80% are in the three northern regions of Adamaoua, North and Far North; with the remainder in the high plateau, Centre region, vast forest and coastal areas (Mangroves).
As part of our ongoing commitment to promoting transparent and accountable governance of climate and environmental funds, we are pleased to invite you to two upcoming online sessions. These sessions will offer valuable insights, strategies, and best practices for combating corruption, and reinforce our collective efforts to create a more sustainable future. We hope you will join us for these important discussions.
International Day for Biological Diversity, celebrated each year on 22 May, is an opportunity to not only acknowledge the crucial role healthy biodiversity plays in the survival of the planet but also to assess the nature crisis. With the theme ‘From Agreement to Action: Build Back Biodiversity,’ this year’s Day follows the historic adoption of the Kunming-Montreal Global Biodiversity Framework by 196 nations at the 15th meeting of the Conference of the Parties in Montreal, Canada, in December 2022.
Bukavu, May 10, 2023 – The Kahuzi-Biega National Park (PNKB) is deeply saddened to announce the death of its ecoguard Alain Lukinga, born in Kakongya on June 12, 1989, who sacrificed his life for the protection of the PNKB in an armed clash in Cibumbiro between the villages of Kajeje and Lukananda in the Mudaka groupement, in Kabare territory in South Kivu.
The SWM Programme is the first international initiative to tackle the wild meat challenge by addressing both wildlife conservation and food security. It is an initiative from the Organisation of African, Caribbean and Pacific States (OACPS), funded by the European Union with co-funding from the French Facility for Global Environment (FFEM) and the French Development Agency (AFD).
In a bid to boost indigenous people and local communities’ (IPLC) engagement in wildlife protection around Lobéké National Park in Southeast Cameroon, Lobéké Management has signed social pacts with 34 Bantu and Baka communities in the Park. Thirty-four social pacts were signed between the communities and the Lobeke Management in December 2022, with each pact corresponding to a community project worth FCFA 300,000.
This report highlights the impacts of direct as well as indirect deforestation through mining. It presents for the first time ever the deforestation embodied in the consumption of products and showcases the extensive deforestation potential that artisanal and small-scale mining (ASM) can have on forest ecosystems.
A new toll road in Indonesia’s East Kalimantan province is under construction to improve access to the interior of Borneo, including to the nation’s new capital city, Nusantara. Construction of the road, however, poses immediate environmental risks, as the route cuts through a forested area with high conservation value that connects the Sungai Wain protected forest, coastal mangroves, and Balikpapan Bay. Prior to road construction, the integrated forest and coastal ecosystem supported populations of orangutans, sun bears, proboscis monkeys and Irrawaddy dolphins. Conservationists say the construction of this toll road belies the Indonesian government’s claims that the development of the new capital will be green and sustainable.
The tobacco industry causes a fifth of Zimbabwe’s forest loss. What is being done to minimise this? At the beginning of this century, the Zimbabwean government embarked on an audacious land reform programme, ostensibly to correct the injustices suffered by local people when the land was colonised. The controversial programme saw an estimated 170,000 black Zimbabwean families – mostly small-scale farmers – taking over agricultural production from about 3,000 white-owned farms.
SAN MARTÍN, Peru (AP) — The Cordillera Azul National Park on the eastern flank of the Peruvian Andes takes in a sweep of Amazon rainforest, mountains and waterfalls in a territory about the size of Connecticut, so precious that tens of millions of dollars in carbon credits have been sold in a program that supporters said would protect its trees.
To fight climate change and biodiversity loss, the new law obliges companies to ensure products sold in the EU have not led to deforestation and forest degradation. While no country or commodity will be banned, companies will only be allowed to sell products in the EU if the supplier of the product has issued a so-called “due diligence” statement confirming that the product does not come from deforested land or has led to forest degradation, including of irreplaceable primary forests, after 31 December 2020.
A number of reports have found that an Indonesian government program to establish large-scale agricultural plantations across the country has led to deforestation. More than 1,500 hectares (3,700 acres) of forests, including carbon-rich peatlands, have been cleared in Central Kalimantan province for the so-called food estate program, according to a spatial analysis by the NGO Pantau Gambut. Last year, the NGO Kaoem Telapak detected 100 hectares (250 acres) of deforestation in food estate areas in North Sumatra. Villagers whose lands have been included in the program have also reported an increase in the severity of floods since their forests were cleared to make way for the food estates.
Press release 3 May 2023 | The German government will make two billion euros available for the Green Climate Fund (GCF). German Chancellor Olaf Scholz announced the commitment at the Petersberg Climate Dialogue in Berlin today. This makes Germany the first major donor to announce its contribution for the upcoming pledging conference for the Green Climate Fund. The conference will take place in Bonn on 5 October and will be chaired by Development Minister Svenja Schulze. The Green Climate Fund is one of the largest climate action funds of the world. The creation of the fund was an important objective of the developing countries, which have an equal say in how funds are spent on climate mitigation and adaptation projects in developing countries.
With GEF and LDCF support, Nespresso, IUCN, and TechnoServe are working together to promote more sustainable and resilient coffee farming practices in South Kivu. Antoinette Shabanyere’s 1,800-tree coffee farm in the South Kivu province of the Democratic Republic of the Congo is at the forefront of efforts by local communities to adapt to climate change.
The Second Consultation Meeting (CM-2) for GCF’s second replenishment (GCF-2) was held on 27-28 April. Hosted by GCF and moderated by Dr. Mahmoud Mohieldin, the replenishment facilitator, the two-day virtual meeting convened over 100 current and prospective contributors where they received updates on GCF and discussed matters related to the replenishment process.
The Food and Agriculture Organisation (FAO) Country Representative, Suze Percy-Filippini is impressed with the progress made by the department of Forestry in the implementation of the Forest Farm Facility –FFF Program in the Choma District of Southern Province.
This case study forms part of a series of six case studies on mobilizing internal finance within Forest and Farm Producer Organization (FFPOs) prepared by forest and farm FFPOs for the Forest and Farm Facility (FFF). It describes the Jwa Ngwaane Community Cooperative Credit Union, established by the Kassena Nankana Baobab Cooperative Union (KANBAOCU) through the mobilization of 96 Village Savings and Loans Associations.
The African Regional Exchange, a three-day workshop co-organized with CIFOR-ICRAF, the Kenya Forestry Research Institute and the Kenya Forest Service, brought together farmers, bankers, governments, and development partners from across Africa to discuss ways to ensure smallholder farmers have access to the finance they need to improve and scale up sustainable forest and farm management practices.
This agrobiodiversity case study (No.6) from Zambia is the sixth of six case studies prepared by forest and farm producer organisations (FFPOs) for the Forest and Farm Facility (FFF). It describes the actions of the Choma District Tree Nursery and Growers Association (CDTNA). CDTNA represents 111 members, either individual nursery growers or collective enterprises that furnish diverse tree seedlings for forest and agroforestry restoration projects across Southern Zambia.
Oyéoussi Charles Balogoun is the Africa Representative of the NGO Panel under the United Nations Convention to Combat Desertification (UNCCD). The Civil Society Panel (CSO Panel) of the United Nations Convention to Combat Desertification (UNCCD) represents nearly 500 organisations accredited to the Convention. Charles Balogoun is also the Global President and Chairman of the Board of the non-governmental organisation (NGO) Afrique Espérance. He answers ENVIRONNEMENTALES’s questions on the state of desertification in Africa.
A common vision of sustainable finance is being developed in Central Africa. The project is at the heart of an international forum scheduled for 8 and 9 May 2023 in Douala, Cameroon, under the theme « Trajectories towards sustainable finance ». An initiative of the Bank of Central African States (BEAC), in partnership with the International Finance Corporation (IFC) and the Sustainable Banking and Finance Network (SBFN).
Delegates to the Sixth Meeting of the Forum of the Countries of Latin America and the Caribbean on Sustainable Development emphasized the need for forward-looking, high-impact initiatives involving all relevant actors, to enable the structural transformations Latin America and the Caribbean (LAC) needs to “resume and sustain the path to 2030.”
Kenya loses 2–2.4 percent of its gross domestic product annually due to the effects of climate change, such as drought and floods according to according to a 2018 Kenya National Bureau of Statistics study. Droughts alone cost the country 8 percent of GDP every five years. Arid and semi-arid rangelands (ASALs) occupy over 80 percent of Kenya’s landscape, and are home to about 36 percent of the total human population, and seventy per cent of the nation’s livestock and 90% of wildlife. Livestock's contributions account for 80 percent of household incomes in arid lands, and 65 percent in semi-arid lands.
Sitting at the forefront of the climate crisis, forest and farm producer organizations (FFPOs) have a vital role in supporting smallholder resilience and attaining climate change and biodiversity goals. Together, their members have a transformative potential to achieve sustainable development and respond to climate change at scale.
WASHINGTON, April 18, 2022 -- The Biden-Harris Administration and U.S. Department of Agriculture’s Forest Service today announced $31.1 million for 15 projects funded through the Collaborative Forest Landscape Restoration Program (CFLRP) that, with partnership support, aim to reduce the risk of severe wildfires, support local economies, create jobs and enhance forest and watershed health in eight states. These funds were made available through a combination of funding from the Bipartisan Infrastructure Law and annual appropriations.
The Board of Directors of the Center for International Forestry Research and World Agroforestry (CIFOR-ICRAF) has announced the appointment of Eliane Ubalijoro as Director General of CIFOR-ICRAF and Director General of ICRAF. Ms. Ubalijoro is the first African woman to hold the position of Director General of a CGIAR research centre and Director General of two centres in the 60-year history of the CGIAR.
Mambomé Trésor, an indigenous Baka man of Mambele village near the Lobeke National Park is able to use the Sapelli smartphone to collect data on natural resources important to Baka; report illegal practices and document cases of human-wildlife conflicts.
Annual peatland fires in Indonesia affect ecology, air quality, nutrient distribution of the soil, and human health. A modeling study finds that under current climate change projections and with rapid deforestation in Borneo, fire risk increases by the end of the century. The findings show that deforestation is a significant factor in fire risk. While local governments can’t control global climate change, they work to stem forest loss and invest in reforestation of tropical forests and revitalization of peatlands to mitigate fire risks in the future, researchers say.
As of 30 April 2023, 44 per cent of the assessed contributions for the year 2023 had been paid to the CMS Trust Fund, which amounts to €1,426,924. The total unpaid contributions as of 30 April 2023 amount to € 3,506,882 (€ 1,779,787 for 2023 and € 1,727,095 for prior years).
Climate change is already posing a threat to the development of the poorest countries and its impacts will make it far more difficult for them to achieve progress in future. So climate action and development policy are bound up closely with each other. Without external support, developing countries and emerging economies are often not able to afford the measures needed to achieve their national mitigation targets and to adapt to the consequences of climate change.
The GEF’s adaptation support for Least Developed Countries (LDCs) is delivered through the Least Developed Countries Fund (LDCF). The LDCF is the only multilateral fund that focuses exclusively on the unique climate adaptation challenges of LDCs and is embraced by LDCs as their own. The fund has a strong track record of supporting LDCs to address adaptation priorities over more than two decades. It delivers targeted support to the world’s most vulnerable countries, and their people and ecosystems.
18/04/2023 A major meeting this week brought together farmers, bankers, governments and development partners from across Africa and beyond to discuss ways to ensure smallholder farmers, the backbone of the region’s food system, have access to the finance they need to improve and scale up sustainable forest and farm management practices.
The final quarter of 2022 was particularly busy and memorable for us. Earlier in the year, during the first staff meeting I held as project manager, it was clear that perhaps the greatest concern for the LWC staff was the lack of a reliable source of fresh water....
The SWM Programme’s latest 3D virtual photographic exhibition is now online, and features two new exhibition rooms with images from Gabon and Madagascar by the award-winning photographers Brent Stirton and Rijasolo! Through a careful selection of photographs and videos you can get a first-hand glimpse of the SWM Programme efforts to improve wildlife conservation and food security in both countries.