• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • Climate Finance

    GCF board approves record $1.2B in funding and accreditation overhaul

    The Green Climate Fund promises to slash its accreditation process, which can take up to three years, down to just nine months, while setting a record for single-round climate finance approvals.

    By Ayenat Mersie // 07 July 2025

    The Green Climate Fund board has approved its largest single round of climate finance — $1.225 billion for 17 projects — and has adopted sweeping reforms to overhaul its often-criticized accreditation system to make it easier for organizations to access the funds.

    The decisions, made at the fund’s latest board meeting which concluded on Thursday, come as global development finance faces mounting constraints, with GCF leadership underscoring the need to keep ambition high.

    “We felt that 2025, given the context, we as the largest climate fund needed to keep our ambition high. We needed to make sure that we were leading that coalition of the ambitious,” Henry Gonzalez, GCF’s chief investment officer, told Devex.

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in

    More reading:

    ► Green Climate Fund expands its reach with first regional offices

    ► Global climate funds are cutting out smallholder farmers, report finds

    ► Why the Green Climate Fund plays a unique role in climate finance

    • Funding
    • Environment & Natural Resources
    • Banking & Finance
    • The Green Climate Fund (GCF)
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ayenat Mersie

      Ayenat Mersie

      Ayenat Mersie is a Global Development Reporter for Devex. Previously, she worked as a freelance journalist for publications such as National Geographic and Foreign Policy and as an East Africa correspondent for Reuters.

    Search for articles

    Related Stories

    Climate financeGreen Climate Fund expands its reach with first regional offices

    Green Climate Fund expands its reach with first regional offices

    Climate financeEnvironment ministers mull climate finance, Africa’s development future

    Environment ministers mull climate finance, Africa’s development future

    Devex DishDevex Dish: Has the world reached peak food aid?

    Devex Dish: Has the world reached peak food aid?

    Devex NewswireDevex Newswire: The RIF ax officially comes down at the US State Department

    Devex Newswire: The RIF ax officially comes down at the US State Department

    Most Read

    • 1
      Opinion: How climate philanthropy can solve its innovation challenge
    • 2
      The legal case threatening to upend philanthropy's DEI efforts
    • 3
      Why most of the UK's aid budget rise cannot be spent on frontline aid
    • 4
      2024 US foreign affairs funding bill a 'slow-motion gut punch'
    • 5
      Opinion: It’s time to take locally led development from talk to action
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement