GIZ accredited by Green Climate Fund
17.10.2016 – Improving local climate change mitigation, adapting to the impacts of climate change: GIZ can now apply for project financing from the fund.
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has been accredited as an implementing organisation by the Green Climate Fund. GIZ can now apply for financing from the fund for projects with a total volume of up to USD 250 million. It can also pass on subsidies.
‘I’m delighted that GIZ is now an accredited organisation. This is recognition of the experience we have gathered over many years around the world in our work on climate change mitigation,’ said Tanja Gönner, Chair of GIZ’s Management Board. ‘This key international climate funding instrument will enable us to implement even more climate change mitigation projects in future.’
Together with interested partner countries, GIZ will prepare projects for the fund, for example in Africa, Asia and Latin America. The projects will aim to improve local climate change mitigation and support populations in adapting to the inevitable impacts of climate change.
The Green Climate Fund was established by the 194 states attending the 2010 Cancún Climate Change Conference. It provides funding for climate projects in developing countries, both to reduce greenhouse gas emissions and to help adapt to the impacts of climate change. The German Federal Government is one of the main donors to the Green Climate Fund and is represented on its Board. Alongside GIZ, another German development cooperation organisation, KfW Development Bank, also has Green Climate Fund accreditation.