India Raises $782.4 Million From the Green Climate Fund for Climate Mitigation and Adaptation Projects

India has won commitments of $782.4 million from the Green Climate Fund toward mitigation and adaptation climate projects, thus registering some major success in the global fight against climate change.

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The GCF, established in 2010 as an output of COP-16, is a facility that will assist developing countries in reducing greenhouse gas emissions.

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The GCF made its first project and program approvals in 2015 and offers several resources in the form of grants, loans, equity, and guarantees to this end.

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The sectors for which India has undertaken to clear projects are in the areas of water, clean energy, coastal resilience, livelihoods, transportation, medium and small enterprises, and climate startups.

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