The disbursement of Green Climate Fund financing is picking up pace, following a major focus of the Fund this year on implementing approved projects.
In GCF’s most recent disbursement of climate finance, in early June, it transferred the first USD 1 million tranche of an approved USD 6.2 million grant to help Peru’s indigenous communities manage wetlands to avoid deforestation and the release of peatland emissions.
GCF is preparing further disbursements in coming months to get funds flowing to the 43 projects it has already approved. To achieve this aim, GCF is working closely with Accredited Entities, which propose and carry out funding proposals, to expedite the transfer of USD 2.2 billion in funds already allocated to them.
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