Terra Global Capital becomes the 127th entity Accredited by the Green Climate Fund (GCF) for Grants, On-Lending, and Blending, marking a significant milestone in Terra Global delivering on its mission to attract climate finance capital to nature-based solutions.
The Green Climate Fund is a critical element of the historic Paris Agreement and is the world’s largest climate fund. It is mandated to support developing countries to raise and realize their Nationally Determined Contributions (NDC) ambitions towards low-emissions, climate-resilient pathways. The GCF provides de-risking investments to mobilize finance at scale by using scarce public resources to improve the risk-reward profile of low emission climate resilient investment and crowd-in private finance, notably for adaptation, nature-based solutions, least developed countries (LDCs) and small island developing states (SIDS).
The accreditation signifies Terra Global’s ability to manage GCF’s resources in line with the Fund’s fiduciary standards and manage environmental and social risks at the project level. Through a comprehensive review, Terra Global demonstrated that its policies and processes have met the GCF’s fiduciary, whistleblower, KYC/anti-money laundering, ESG policies, feedback/grievance, and gender policy requirements.
Upon receiving accreditation, Terra Global gains significant traction towards securing access to different pools of funding that can provide the upfront investments needed to achieve climate change mitigation and adaption outcomes through forest conservation and restoration, which also produce co-benefits for communities and biodiversity.
Terra Global Capital’s accreditation as a GCF Accredited Entity validates its dedication to securing blending sources of funds to catalyze transformative action to promote just transition through nature-based solutions. To learn more about our projects and investment opportunities, please email us at information@terraglobalcapital.com.
