Record volume of climate finance for developing countries

12 July 202526 July 2025By admin

The Green Climate Fund (GCF) board has approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The $1.225bn fund is the largest amount approved at a single board meeting. GCF now has a portfolio of 314 projects amounting to $18bn in GCF resources, $67bn including co-financing.

The projects will bring urgently needed funding for adaptation and mitigation action and include the first single-country GCF projects in Mauritania, Saint Lucia and Papua New Guinea. The adaptation projects will benefit some of the most climate-vulnerable countries in the world, mainly targeting least developed countries, small island developing states and African states.

The package of projects also includes investments which will mobilise private investment for climate action, including a $227m equity investment in the Global Green Bonds Initiative that will unlock new green bond markets, particularly in sub-Saharan Africa, and a $200m investment to drive green finance in India.

developing countries, green bond, investment, project

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