Climate investment fund : OUARZAZATE LIGHTING UP THE SKY

Imagine a solar plant the size of around 3,500 soccer fields, an area almost equivalent to that of San Francisco.

Or a giant field of around 2 million mirrors that turn sunlight into enough clean energy to supply around 6% of an entire country.

Fiction this is not. This is Morocco’s Noor Concentrated Solar Power (CSP) Plant, the largest solar complex of its kind in the world. Located in the southern city of Ouarzazate, the more-than-6,000-acre facility is a stunning display of Morocco’s renewable energy ambitions.

Noor is the first CSP site in Morocco, and its 580-megawatt output is accelerating the country’s bid for a 52% renewable energy mix by 2030. It also represents a significant development in global CSP capacity, which in 2016, stood at only 4.8 gigawatts (GW).

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CBFP News

11-12-2019 07:41

international-climate-initiative-Nature often provides the best solutions for tackling climate change

The Federal Environment Ministry (BMU) is supporting adaptation to climate change via projects which benefit people and strengthen ecosystems at the same time. The restoration of mangroves and coral reefs protects coastal areas from increasingly heavy storms and the impacts of rising sea levels. Planting hillsides prevents erosion and floods during rainfall. On the occasion of the 25th UN Climate Change Conference (COP25), the BMU is increasing its financial commitments for Ecosystem-based Adaptation (EbA) by around 60 million euros.

06-12-2019 08:22

Unenvironment-African Ministers of the environment agree to accelerate action through effective mechanisms for sustainable development

Durban, 15 November 2019 – In a ministerial declaration issued today at the closing of the 17th Ordinary Session of the African Ministerial Conference on the Environment (AMCEN), African governments agreed to make the Conference the forum for making regional environment policies with effective mechanisms for implementation.

02-12-2019 09:49

First GCF Green Champions to be announced at COP25

The GCF Green Champions Awards was launched in August this year to recognise and promote the most noteworthy and successful efforts to fight climate change in developing countries. The nominees, which include outstanding individuals and organisations driving climate transformation, are among the prime examples of initiatives that exemplify environmental, social and business-led commitments to combat climate change.

02-12-2019 09:35

Thegef-The next challenge for business: adapting to climate change

The private sector must begin preparing for climate change and the ensuing disruption to operations and services with new approaches. The future success of the private sector may not only depend on how successfully it can mitigate, but also on how it can adapt to climate change. Extreme weather events are already causing havoc to operations, supply chains and commerce all over the world.

02-12-2019 09:32

GEF to showcase power of partnerships at Madrid climate summit

As financial mechanism of the UN climate convention (UNFCCC), the Global Environment Facility (GEF) will play a central role in Madrid in helping advance negotiations on topics such as finance and technology transfer, and in highlighting examples of where climate change action is bearing fruit, where it can be scaled up, and where more work must be done, especially in least developed countries.

02-12-2019 09:28

Adaptation Fund at COP25

The 25th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP25), as well as CMP15 and CMA2 will be held from December 2-13, 2019 in Madrid, Spain. The conference was originally scheduled to take place in Santiago, Chile, but the venue was changed due to the difficult situation the country was undergoing. However, Chile remains as the COP25 Presidency with Spain stepping forward to host this conference of “action”, demonstrating the spirit of cooperation and partnership in the fight against climate change.

Rwanda and Republic of Congo receive project funding approved during Adaptation Fund Board meeting - Adaptation Fund Board Approves US$ 63 Million in New Projects, Including First Innovation and Scale-Up Grants

The new grant window projects approved by the Board include small innovation grants for Armenia (through its NIE, EPIU) and Chile (through its NIE, AGCID), and one project scale-up grant for Rwanda through its NIE, the Ministry of Environment…Through its concrete project funding process, the Board approved six concrete adaptation projects totaling over US$ 52 million in Congo, El Salvador, Georgia, Malawi, the Republic of Moldova, and a regional project in Djibouti, Kenya, Sudan and Uganda

02-12-2019 09:14

GCF-Green Climate Fund Board commits an additional USD 407.8 million to combat climate crisis

No mobilization for Central Africa during the 24th GCF Board meeting which allocates USD 407.8 million, raising GCF's total portfolio to USD 5.6 billion. The Board 24th approved 13 new projects. Similarly, for Central Africa no projects were approved under the Simplified Approval Process (SAP) as well as accreditation during the 24th GCF Board meeting…

Climate investment fund : OUARZAZATE LIGHTING UP THE SKY

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