Ministry of Environment, Forest and Climate Change
azadi ka amrit mahotsav

Grants from Green Climate Fund

Posted On: 08 AUG 2024 1:21PM by PIB Delhi

The Green Climate Fund (GCF) was set up under the United Nations Framework Convention on Climate Change (UNFCCC) at the 16th Conference of the Parties (COP-16) in 2010 to support developing countries in reducing greenhouse gas emissions and strengthening capacity to adapt to climate change. The Fund aims to mobilize funding at scale to invest in low-emission and climate-resilient development. All developing country Parties to UNFCCC are eligible to receive resources from the GCF in the form of grants, loans, equity, and guarantees. The GCF has started approving projects/programmes to developing countries from 2015 onwards.

The Government of India has been engaging with the GCF and so far, eleven (11) projects/ programmes have been approved to India with a total allocation of USD 782.4 million to mitigate and adapt to climate change in sectors including water, clean energy, coastal, livelihood, transport, medium and small enterprises and climate start-ups. The details of projects are given below:

S.N.

Project/ Programmes

Year of approval

GCF Funding

(in Million USD)

1

Ground Water Recharge and Solar Micro Irrigation to Ensure Food Security and Enhance Resilience in Vulnerable Tribal Areas of Odisha

2017

34.357

(Grant)

2.

Line of Credit for Solar rooftop segment for Commercial, Industrial and Residential Housing

2018

100

(Concessional Loan)

3.

Enhancing Climate Resilience of India’s Coastal Communities

2018

43.418

(Grant)

4.

Green Growth Equity Fund (GGEF)

2021

137 (132.5 Equity, 4.5 Grant)

5.

India E-Mobility Financing Program

2022

200

(Equity)

6.

Climate Investor Two

2022

145

(multi-country)

(Grant)

7.

Green Guarantee Company (“GGC”)

2022

40.5

(multi-country)

(Equity)

8.

Climate Investor One

2022

100

(multi-country)

(Grant)

9.

Project GAIA ("GAIA")

2023

152.5

(multi-country)

(Equity)

10.

Avaana Sustainability Fund

2024

24.5

(Equity)

11.

Financing Mitigation and Adaptation Projects (FMAP) in Indian MSMEs

2024

215.6 (200 Concessional Loan, 15.6 Grant )

 

This information was given by the Minister of State for Environment, Forest and Climate Change, Shri Kirti Vardhan Singh in a written reply in the Rajya Sabha today.

*****

MJPS/GS



(Release ID: 2043003) Visitor Counter : 1563


Read this release in: Tamil , Urdu , Hindi , Hindi_MP