Green Climate Fund Promises Paradigm Shift In Clean Energy Funding

Here's good news for tackling climate change: the Green Climate Fund has announced it will only invest in energy projects that depart from "business as usual" and have a major impact to counteract climate change. The recently established Green Climate Fund (GCF) aims to make an ambitious financial contribution to global efforts in meeting goals set out to combat climate change. Reuters reports that the recent announcement was made on the back of a letter from environmental organizations and development agencies that called on the GCF not to allow its funds to be used to finance fossil fuels or other polluting energy sources - either directly or indirectly.

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