The Green Climate Fund (GCF), a multilateral financing vehicle that provides funding to help developing countries meet their Paris Agreement commitments, has announced 12 grants totaling $755.8 million.

Commitments include $66 million over seven years in support of Recharge Pakistan, a World Wildlife Fund effort to build Pakistan’s resilience to climate change through ecosystem-based adaptation and green infrastructure. The commitment will be used to integrate flood-risk management and support forest and wetland restoration, create recharge basins and retention areas, and develop the climate resilience of local businesses in agriculture and forestry. Additional grants include support for the Palli Karma-Sahayak Foundation, which is working to develop resilient homesteads and sustainable livelihoods for the vulnerable coastal people of Bangladesh; the United Nations Development Programme’s efforts to enhance climate resilience in the Trois Rivières region of Haiti through integrated flood management; the Dutch Entrepreneurial Development Bank, which will invest in inclusive agriculture and protecting forests; Save the Children Australia’s SOLKAS project, which is designed to strengthen the resilience of targeted communities and rural youth on the Solomon Islands against climate change impacts; the World Food Programme’s efforts to enhance the climate change adaptive capacity of smallholder farmer communities in the Poro Region of Côte d’Ivoire, with a focus on vulnerable women and youth; and Acumen’s Hardest-to-Reach project, which aims to provide affordable and green energy access to first-time users in low-income populations in 16 African countries.

The announcement was part of the GCF board’s 36th meeting, which included adoption of the fund’s 2024-27 strategic plan. The latest projects boost GCF’s funding portfolio to 228 projects totaling $12.8 billion.

“The board has given the green light to 12 new projects with a strong focus on increasing direct access and building resilience in the developing countries that are particularly vulnerable to the adverse impacts of climate change,” said GCF board co-chair Nauman Bashir Bhatti. “With the new strategic plan approved, I am confident that GCF is moving in the right direction to deliver enhanced support and impact for developing countries.”

(Photo credit: Getty Images/zms)