GCF and UNIDO partnership agreement bolster climate-resilient industrial development

The Green Climate Fund (GCF) has taken another step towards greening the industry sector, one of the largest sources of greenhouse gas emissions, by signing a partnership agreement with the United Nations Industrial Development Organization (UNIDO). 

The Accreditation Master Agreement (AMA) paves the way for UNIDO to submit climate project proposals to GCF for funding.

“Our partnership with UNIDO opens new opportunities for us to bring innovative climate solutions. Being able to utilise UNIDO’s technical expertise in industrial development is key to accelerating the decarbonisation of the industrial sector and driving the shift to low emission, climate-resilient growth in developing countries,” said Javier Manzanares, GCF Deputy Executive Director. 

While industrialization has always been a driver for development, Sustainable Development Goal 9 stresses the importance of building sustainable, resilient, and inclusive infrastructures.  

“The signing of the Accreditation Master Agreement concludes UNIDO's accreditation with the Green Climate Fund (GCF). The GCF is the world's largest fund dedicated towards combating climate change by investing in low-emission and climate-resilient development. This partnership will propel new opportunities for UNIDO to expand its delivery towards inclusive and sustainable industrial development," said Zou Ciyong, UNIDO Managing Director of the Directorate of Programme, Partnerships and Field Coordination.

UNIDO became a GCF Accredited Entity at the 26th Meeting of the GCF Board in August 2020. GCF has 103 Accredited Entities to date who work directly with developing countries on project design and implementation.