Green Climate Fund adopts aid projects worth 755 million

The UN Green Climate Fund (GCF) has finalized its strategy for 2024-2027. A total of 755.8 million US dollars will be provided for climate action projects in developing countries. At the 36th meeting of the Board of Directors on July 13 at the GCF headquarters in Incheon, South Korea, members approved the plans for the coming years after long and, at times, controversial debates. The board’s Pakistani co-chair Nauman Bashir Bhatti said the board had „given the green light to 12 new projects (…) in the developing countries that are particularly vulnerable to the adverse impacts of climate change.“