GCF board approves $190m for projects to support climate actions

✔ Fact Checked by TDPel News Desk

By Pelumi Emmanuel

Published: April 1, 2022 | 12:44 PM

The Green Climate Fund (GCF), an international organization on fighting climate change, has approved $190 million in funding for two new green energy projects, South Korea’s finance ministry said Friday.

The board of the GCF, headquartered in Songdo of Incheon, 40 kilometers west of Seoul, endorsed the funding plan for projects to help 14 emerging countries fight climate change, according to the Ministry of Economy and Finance.

It said $73 million will be spent to support a climate-smart agricultural project for Colombia and $114 million will be used to back green financing plans for 13 African countries.

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

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About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.