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GCF board endorses $500 mln for new projects to support climate action

All News 13:14 July 04, 2021

SEJONG, July 4 (Yonhap) -- The Green Climate Fund (GCF), the South Korea-based United Nations climate fund aimed at helping poor nations fight global warming, has approved US$500 million in funding for new projects and programs, according to Seoul's finance ministry Sunday.

During a virtual meeting held from June 28 to July 2, the GCF's board discussed new funding and accreditation proposals.

Launched in late 2010, the GCF aims to channel money from industrialized nations to developing countries to help them tackle climate change-related problems.

GCF board endorses $500 mln for new projects to support climate action - 1

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