The Green Climate Fund (GCF) has moved a record round of climate projects closer to implementation with the signing of agreements for ten new projects on 29 October 2026, according to a press release. The agreements were signed with GCF’s Accredited Entity partners on the sidelines of the Fund’s 46th Board meeting (B.46) in Songdo, Republic of Korea. At B.46, the GCF Board approved USD 1.97 billion, which includes 21 new projects, the largest amount approved at a single Board meeting. This brings total GCF commitments for climate finance to a record USD 3.3 billion in 2026. The signings continue GCF’s efforts to shorten the journey from Board decision to climate action on the ground.
At the previous Board meeting, B.45, seven project agreements were signed as the meeting concluded. For one project, the transition at B.46 was even more immediate. A project in Mexico became effective following the signing of its project agreement, a subsidiary agreement between the Accredited Entity and the Executing Partner, and the notice of project effectiveness. Its first disbursement was made within three working days of the project agreement becoming effective, due to advance preparation and close collaboration among the partners. Together, the ten projects will support climate action across Africa, Asia and the Pacific, Central Asia, Latin America and the Caribbean.
The investments span resilient agriculture, forests and landscapes, water security, marine and coastal ecosystems, and locally led adaptation. Several mark important milestones for GCF and its partners, including GCF’s first investment in Algeria, supporting climate resilience across the steppe and dry forest areas of the country’s Green Dam. Another is the first single-country GCF project in Cameroon, which will advance climate-smart forest management, land restoration and sustainable non-timber forest product value chains. A separate project with Ethiopia’s Ministry of Finance will strengthen the climate resilience of vulnerable households nationwide. The Mexico project is the first to operationalise GCF’s REDD+ Results-Based Payments policy, recognising Mexico’s achievement of 12.9 MtCO₂eq in verified REDD+ results.
Additional investments will help protect Fiji’s Great Sea Reef and strengthen the resilience of coastal communities and marine protected areas in Indonesia. Other projects will improve water security in Bogotá and surrounding communities in Colombia, covering more than 28,000 hectares of high-Andean ecosystems. The Africa Sovereign Climate Facility, implemented with Africa Finance Corporation (AFC), will strengthen sovereign climate investment in Angola, Benin, Côte d’Ivoire and Nigeria. A regional initiative with GIZ will restore landscapes and support climate-resilient development in Kyrgyzstan, Tajikistan and Uzbekistan. The Climate Actions for Building Resilience in Coastal Communities (CABRIC) programme is the first multi-country GCF adaptation programme to be implemented by the Caribbean Community Climate Change Centre (CCCCC).
CABRIC will support vulnerable coastal communities in the Bahamas, Belize, Grenada, Jamaica and Saint Lucia. The Ethiopia project (SAP073) will build resilience in seven districts through solar-powered water access, climate-smart agriculture, watershed restoration and diversified livelihoods. Partners involved in the ten signed projects include the Food and Agriculture Organization of the United Nations (FAO), the International Union for Conservation of Nature and Natural Resources (IUCN), World Wildlife Fund, Inc. (WWF), and Conservation International Foundation (CI). Signing the agreements as B.46 concludes provides early momentum for these investments, moving them beyond Board approval and towards delivery. The projects will advance with GCF’s Accredited Entity and country partners.