Catalysing climate investments in developing countries in the context of COVID-19

The Green Climate Fund (GCF) is employing four pathways to accelerate climate innovation and investment in developing countries: fostering supportive regulatory environments, funding accelerators and incubators, de-risking first-mover investments, and strengthening domestic financial institutions. These efforts aim to address the gap in achieving Paris Agreement goals, with GCF managing a portfolio of USD 10 billion and assets totaling USD 37.2 billion across 127 developing countries.

• Current Nationally Determined Contributions (NDCs) are insufficient to meet Paris Agreement goals, with projections suggesting a global temperature increase of at least 3°C this century.
• The Green Climate Fund manages a portfolio of USD 10 billion and total assets of USD 37.2 billion, including co-financing, supporting 190 initiatives across 127 developing countries.
• GCF utilizes four pathways to encourage innovation: creating supportive regulatory environments and green stimulus measures, supporting accelerators and incubators, de-risking first-mover investments, and strengthening domestic financial institutions.
• Specific investment examples include USD 279 million for the Amazon Bioeconomy Fund in six Latin American countries and USD 150 million in first-loss equity for the Global Sub-national Climate Fund, which involves 42 countries, nearly half of which are Least Developed Countries (LDCs) and Small Island Developing States (SIDS).
• GCF is collaborating with Jamaica to create the first Caribbean exchange for green bonds to fund net zero and climate resilient infrastructure in the region.

APA

Green Climate Fund (2021). Catalysing climate investments in developing countries in the context of COVID-19. https://www.greenclimate.fund/about/news-and-updates/catalysing-climate-investments-developing-countries-context-covid-19

Chicago

Green Climate Fund. Catalysing climate investments in developing countries in the context of COVID-19. 2021. https://www.greenclimate.fund/about/news-and-updates/catalysing-climate-investments-developing-countries-context-covid-19.

Wikipedia

{{cite press release |author=Green Climate Fund |title=Catalysing climate investments in developing countries in the context of COVID-19 |date=3 November 2021 |url=https://www.greenclimate.fund/about/news-and-updates/catalysing-climate-investments-developing-countries-context-covid-19 |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{greenclimatefund2021catalysing, author = {{Green Climate Fund}}, title = {{Catalysing climate investments in developing countries in the context of COVID-19}}, publisher = {Green Climate Fund}, year = {2021}, month = nov, url = {https://www.greenclimate.fund/about/news-and-updates/catalysing-climate-investments-developing-countries-context-covid-19}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }