Fiji, Sept. 4 -- The Green Climate Fund (GCF) has doubled its commitments to the Pacific over the past three years and could approve another US$1 billion in projects for the region, but Executive Director Mafalda Duarte says the growing demand is putting increasing pressure on the Fund's available resources.
In a PACNEWS exclusive interview this week in Koror, Duarte said the GCF had increased its Pacific commitments to around US$1 billion, unlocking an estimated US$2.4 billion in total investment.
The increase comes as Pacific leaders continue to press international climate funds to move faster and reduce the complexity and costs involved in accessing finance.
Duarte said simplifying access remained a central part of the GCF's reform ag...