First Investments Approved by Green Climate Fund
by Robert Kropp
Eight climate change mitigation or adaptation projects—three in Africa, three in Asia-Pacific, and
two in Latin America—mark the end of the Green Climate Fund's two-year launch period and the
beginning of providing financing to developing nations. First in a two-part series.
Established at the COP16 climate change negotiations in 2010, the Green Climate Fund (GCF) was
intended to have developed nations provide $100 billion in annual assistance by 2020 to climate
change adaptation by developing nations. With further leverage provided by private investment, the
GCF, if funded as originally intended, could help close the pronounced gap in climate change
readiness by developed and developing nations.