GIZ can now apply for project financing from green climate fund
By Evelyn Añago
Oct. 17 – GIZ can now implement even more climate change projects, with its recent accreditation as an implementing organization by the Green Climate Fund (GCF).
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.
To comply with GCF requirements, GIZ had to adjust some processes and rules. The effects of this will also be noticeable in the field structure.
‘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.’