Category: Climate Finance
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Unlocking Nature-Based Solutions for a Sustainable Future with Blended Finance
The world is facing a convergence of crises, including accelerating climate change, unprecedented biodiversity loss, and the degradation of ecosystems that are the foundation of life on Earth. However, nature-based solutions offer a path forward, as they are central to achieving climate goals, ensuring water security, and preserving the richness of life on our planet.…
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Green Climate Fund 2023: Driving Transformative Climate Finance for Developing Nations
As we are at the #ClimateWeekNYC and #UNGA, read our 2023 Annual Report demonstrating its growing impact. The Green Climate Fund has now committed $13.5 billion to 243 projects across 129 developing countries, leveraging over $50 billion in co-financing for climate action. In 2023 alone, GCF approved $2.1 billion for 34 new transformative projects. The Fund is…
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Scaling Climate Resilience with Index-Based Insurance for Smallholder Farmers
Index-based insurance is emerging as a powerful tool for climate resilience, especially for smallholder farmers. Key success factors include reducing basis risk, improving user understanding, and ensuring financial accessibility. A World Bank study found that index-based insurance can cut farmer vulnerability by up to 25%. In Ethiopia, the R4 Rural Resilience Initiative has insured over…