Green Climate Fund Starts the Flow of Climate Finance to Developing Countries by Approving First 8 Investments

The Green Climate Fund (GCF) Board approved US $168 million of funding for projects and programmes worth US$ 624 million, marking the end of its launch phase and kick-starting the flow of climate finance through the Fund to developing countries. The activities supported by the Board will generate up to US$ 1.3 billion in investments over the coming five years.