EMEA > Africa > GCF approves massive EBRD project to green industries in seven countries

GCF approves massive EBRD project to green industries in seven countries

Published 21:57 on August 21, 2020 / Last updated at 22:46 on November 23, 2022 / / Americas (LATAM & Caribbean), Asia Pacific (Asia), International, Nature-based Carbon (Forestry), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure), Voluntary (VCM Governance), Africa, Middle East

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The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in heavy industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative's annual budget.
The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in heavy industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative's annual budget.


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