Can the Cali Fund Deliver on Its Billion-Dollar Biodiversity Pledge?

Can the Cali Fund Deliver on Its Billion-Dollar Biodiversity Pledge?

A garden of medicinal plants in Cali, Columbia. The Cali Fund, unveiled earlier this year, will ensure that companies that profit from digital sequencing will pay into a fund to protect biodiversity. Credit: Stella Paul/IPSBy Stella PaulHYDERABAD, India, Jul 14 2025 (IPS) When the Cali Fund was unveiled in February on the sidelines of COP16.2 in Rome, the announcement sent ripples through the global conservation community. For the first time eve…

Green Climate Fund Board approves $1.225bn for new projects, reforms accreditation model  - EnviroNews - latest environment news, climate change, renewable energy

The Green Climate Fund (GCF) Board has approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The $1.225 billion total is said to be the largest amount approved at a single Board meeting, during a year in which the Fund is scaling up its activities in response to the global demands for climate finance. GCF Executive Director, Mafalda Duarte GCF now has a portfoli…