The past few weeks were historic in the emerging sector of climate finance.
On June 23-29, Green Environment Fund (GEF) held the Sixth GEF Assembly in Vietnam. The GEF was established on the eve of the 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems.
It has since provided over $17.9 billion (Sh1.8 trillion)in grants and mobilised $93.2 billion in co-financing for over 450 projects in 170 countries.
One of these challenges is climate change. The Da Nang, meeting paved the way for its seventh funding cycle, GEF-7.