Green Climate Fund aims for rapid scale-up of investments to USD 2.5b
The first eight projects approved by the Green Climate Fund (GCF) are a cautious beginning, but the fund must quickly scale up investments, the Co-chair of the fund Henrik Harboe says. Frustrated by the slow pace of project approvals, GCF Board members from India, Egypt and Saudi Arabia pushed through the ambitious, concrete investment target for 2016.
