Mogadishu, Somalia – The Green Climate Fund’s (GCF) Executive Director, Mafalda Duarte headed the first-ever GCF delegation to Somalia, announcing an accelerated programme of climate action investment – anticipated at USD 100 million over the next year.
Duarte released her 50by30 vision at the UN Climate Action Summit in September 2023, announcing intentions to build a fund capable of impactfully and efficiently managing USD 50 billion by 2030 – with a clear focus on helping the most vulnerable countries and communities.
Acknowledging the vision provided by the Government of Somalia, GCF is ready to commit to a strategy of investments and readiness support of over USD 100 million to Somalia by mid-2025, as well as a long-term commitment to empower Somalia to develop country-priority projects and subsequent investments.
Duarte released her 50by30 vision at the UN Climate Action Summit in September 2023, announcing intentions to build a fund capable of impactfully and efficiently managing USD 50 billion by 2030 – with a clear focus on helping the most vulnerable countries and communities.
Acknowledging the vision provided by the Government of Somalia, GCF is ready to commit to a strategy of investments and readiness support of over USD 100 million to Somalia by mid-2025, as well as a long-term commitment to empower Somalia to develop country-priority projects and subsequent investments.
