GIZ signs accreditation agreement with the Green Climate Fund

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is committed to climate change mitigation and clean energy worldwide, and has now been officially accredited as an implementing organisation by the Green Climate Fund (GCF). Howard Bamsey, Executive Director of GCF, and Tanja Gönner, Chair of GIZ’s Management Board, signed the agreement during the United Nations Climate Change Conference (COP 23) in Bonn on 15 November.

The federal enterprise can now apply for funding for projects with a total volume of up to USD 250 million. GIZ is now developing project proposals that aim to improve climate change mitigation in developing countries and emerging economies and support people in adjusting to the impacts of climate change.

‘The Green Climate Fund is a key instrument for international climate finance. This accreditation is, therefore, an important step to ensuring that our global commitment to climate change mitigation is even stronger in the future,’ explains Gönner. Around a third of GIZ’s portfolio is already dedicated to reducing harmful emissions and adapting to the impacts of climate change.

GCF was launched in 2010 at the United Nations Climate Change Conference in Cancun, Mexico, by 194 countries. The aim was to provide funding for climate projects in developing countries – to help them cut greenhouse gas emissions and adjust to climate change. The German Government is one of the biggest contributors to GCF and is represented on its Board. Alongside GIZ, another German development cooperation organisation, the Kreditanstalt für Wiederaufbau (KfW), also has GCF accreditation.

Original source: GIZ
Published on 15 November 2017