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	<title>Green Climate Fund Archives - International Finance</title>
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	<title>Green Climate Fund Archives - International Finance</title>
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		<title>IFC and Green Climate Fund team up to boost climate-smart investment in emerging markets</title>
		<link>https://internationalfinance.com/finance/ifc-green-climate-fund-team-boost-climate-smart-investment-emerging-markets/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ifc-green-climate-fund-team-boost-climate-smart-investment-emerging-markets</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 12 Dec 2017 07:49:18 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[climate financing]]></category>
		<category><![CDATA[Green Climate Fund]]></category>
		<category><![CDATA[IFC]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=12572</guid>

					<description><![CDATA[<p>Will support investments in climate change mitigation and adaption projects in developing countries</p>
<p>The post <a href="https://internationalfinance.com/finance/ifc-green-climate-fund-team-boost-climate-smart-investment-emerging-markets/">IFC and Green Climate Fund team up to boost climate-smart investment in emerging markets</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-family: georgia, palatino, serif; font-size: 12pt;">IFC, a member of the World Bank Group, has signed an agreement with the Green Climate Fund that will enable IFC to pool its resources with those of more than 40 governments that have contributed about $10 billion to support investments in climate change mitigation and adaption projects in developing countries.</p>
<p>The Green Climate Fund is a facility set up by the United Nations to help developing countries meet their climate goals. It makes innovative use of blended finance, relying on public investment to stimulate private finance. IFC, which became an accredited entity of the fund in 2016, is one of the world’s largest financiers of renewable energy for developing countries and is also active in resource efficiency, green buildings, climate smart agribusiness, and innovative finance such as green bonds.</p>
<p>“Climate change is a global threat,” said IFC CEO Philippe Le Houérou. “Addressing it requires a vast increase in financing—far beyond the capabilities of governments alone. That’s why IFC’s partnership with the Green Climate Fund is an important step. It will enable us to use relatively small amounts of public funds to leverage significantly larger private sector resources to scale-up climate-smart investments.”</p>
<p>“I am confident IFC’s expertise in the private sector will help expand GCF’s capacity to help overcome key financial barriers,” said Howard Bamsey, the Executive Director of the Green Climate Fund. “This will pave the way for investments at scale in climate action where they are most needed.”</p>
<p>IFC has committed to increase its climate financing to 28 percent of its portfolio by 2020—up from about 25 percent currently. Since 2005, IFC has invested more than $18 billion in long-term financing for renewable energy, energy efficiency, sustainable agriculture, and green buildings, while supporting private sector adaptation to climate change.</p>
<p>In the fiscal year that ended June 30, 2017, IFC provided a record $4.7 billion in climate-smart financing to businesses in developing countries – including funds mobilized from other investors. Through its advisory work, IFC enabled $630 million in climate-related investments in power, resource efficiency, and public-private partnerships. </span></p>
<p>The post <a href="https://internationalfinance.com/finance/ifc-green-climate-fund-team-boost-climate-smart-investment-emerging-markets/">IFC and Green Climate Fund team up to boost climate-smart investment in emerging markets</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>WFP mobilizes grant from the Green Climate Fund to protect farmers from climate change</title>
		<link>https://internationalfinance.com/finance/wfp-mobilizes-grant-green-climate-fund-protect-farmers-climate-change/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=wfp-mobilizes-grant-green-climate-fund-protect-farmers-climate-change</link>
					<comments>https://internationalfinance.com/finance/wfp-mobilizes-grant-green-climate-fund-protect-farmers-climate-change/#respond</comments>
		
		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Fri, 13 Oct 2017 13:36:16 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Green Climate Fund]]></category>
		<category><![CDATA[United Nations]]></category>
		<category><![CDATA[WFP]]></category>
		<category><![CDATA[World Food Programme]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=10613</guid>

					<description><![CDATA[<p>The project is designed to improve the food and income security of some 45,000 vulnerable farming households in the regions of Kaffrine, Kolda, Tambacounda, Fatick and Kaolack</p>
<p>The post <a href="https://internationalfinance.com/finance/wfp-mobilizes-grant-green-climate-fund-protect-farmers-climate-change/">WFP mobilizes grant from the Green Climate Fund to protect farmers from climate change</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div id="news_detail_intro" class="intro">
<p>A project designed by the United Nations World Food Programme (WFP) and the government of Senegal to make smallholder farmers in West Africa better able to cope with the impact of climate change has been approved by the Green Climate Fund (GCF). The US$10 million project will benefit some 400,000 smallholder farmers and vulnerable people in Senegal, helping them become more resilient to climate shocks such as drought which has afflicted much of Africa in recent decades.</p>
</div>
<p>The project, the first to have been submitted by WFP to the Fund, was approved by the 18th GCF Board Meeting in Cairo, Egypt. It will be managed by the government of Senegal in partnership with WFP.</p>
<p>“Climate shocks that impact food production and livelihoods are a real threat to ending hunger and meeting the Sustainable Development Goals in Senegal,” said Guy Adoua, the WFP Representative in the country. “This project is a step in the right direction to mitigate the challenges posed by climate change.  It will permit smallholder farmers have access to agricultural insurance, learn to make savings, increase and diversify what they produce and invest in agricultural inputs.”</p>
<p>The project is designed to improve the food and income security of some 45,000 vulnerable farming households in the regions of Kaffrine, Kolda, Tambacounda, Fatick and Kaolack. It builds on the Rural Resilience Initiative (R4) &#8211; a global partnership between WFP and Oxfam America &#8211; which links weather-indexed insurance, financial services, and soil and water conservation schemes for the benefit of farmers in hazard-prone environments.</p>
<p>Senegal is highly vulnerable to shocks and stresses associated with climate change. Irregular rainfall patterns and the 2011/2012 drought have highlighted the impact of climate hazards on food production, access to markets, and livelihoods. The long-term vision is for the government of Senegal to mainstream climate change adaptation and climate risk management into its national safety net and social protection programmes.</p>
<p>The GCF is a global fund that supports developing countries in their climate mitigation and adaptation efforts. Established within the framework of the UN Framework Convention on Climate Change in 2010, the GCF represents the newest and largest architecture of climate finance with over US$10 billion in pledges.</p>
<p>The post <a href="https://internationalfinance.com/finance/wfp-mobilizes-grant-green-climate-fund-protect-farmers-climate-change/">WFP mobilizes grant from the Green Climate Fund to protect farmers from climate change</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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