Korea (South)greenclimate.fund
Its role Investor / Financier
The Green Climate Fund is an international financial institution established under the United Nations Framework Convention on Climate Change to support developing countries in addressing climate change through mitigation and adaptation initiatives.
Headquartered in Incheon, South Korea, the fund provides grants, concessional loans, equity investments, and guarantees for projects in renewable energy, sustainable agriculture, water management, and climate resilience. It operates globally, with a focus on vulnerable regions in Africa, Asia, Latin America, and the Pacific islands.
Governed by a 24-member Board with balanced representation from developed and developing countries, the Green Climate Fund is capitalized by contributions from developed nations. It aims to mobilize private sector resources and plays a central role in the global climate finance system by channeling funds to governments, accredited entities, and private partners for low-emission and climate-resilient development.
Also known as GCF.
chemXplore tracks 1 project involving Green Climate Fund.
US$665M funded (US$420M debt, US$245M equity); 260,000 t/yr low‑carbon CAN with 10‑year Yara offtake; powered by 100% renewable hydropower; production by Oct 2029.
FID enables construction of the first industrial-scale low-carbon fertiliser plant using green hydrogen, producing 260,000 t/y CAN and targeting commercial operation by 2029.
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