GCF and GGGI Highlight Key Partnerships for Climate Finance in Jordan
The GCF's investment of USD 295 million in Jordan's water project underscores vital climate finance partnerships. As climate impacts increase, collaboration is essential for supporting countries in project implementation and financing.
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The Green Climate Fund (GCF) has committed USD 295 million to the Jordan-Aqaba water desalination project, which aims to enhance water security in Jordan. This initiative is part of a broader partnership with the Global Green Growth Institute (GGGI), established through an agreement in 2017 to advance climate finance readiness.
GCF and GGGI have mobilized USD 74 million across 38 countries, supporting institutions like the Mongolia Green Finance Corporation. Discussions emphasized the importance of institutional capacity and the private sector's role in developing bankable projects and utilizing public finance to attract private investments. Jordan's commitment includes hosting a GCF regional office to further climate initiatives.
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