Uzbekistan and Jordan Agree on Uranium and Mineral Exploration
Uzbekistan and Jordan have signed agreements to cooperate in exploring uranium, copper, rare metals, and other critical mineral deposits....
The world’s largest climate fund approved a record volume of climate finance for developing countries, scaling up its efforts in response to growing global demand for climate finance.
The Green Climate Fund plans to release about $1.2 billion for 17 projects mostly in Asia and Africa.
Officials said that projects will bring urgently needed funding for adaptation and mitigation action and include the first single-country GCF projects in Mauritania, Saint Lucia, and Papua New Guinea.
They added that some of the most climate-vulnerable countries in the world will benefit, targeting Least Developed Countries (LDCs), Small Island Developing States (SIDS) and African States.
Expansion
The Green Climate Fund (GCF) has allocated $227 million to support an initiative aimed at expanding green bond markets across 10 countries. These markets enable companies to raise capital for projects that mitigate climate change or contribute positively to the environment.
South Asia
In South Asia, the GCF will invest $200 million in the India Green Finance Facility to accelerate the development of renewable energy and energy efficiency.
East Africa
Meanwhile, in East Africa, it will direct $150 million toward enhancing the food system, aiming to benefit nearly 18 million people.
Portfolio of projects
GCF now has a portfolio of 314 projects amounting to USD $18 billion in GCF resources, USD 67 billion including co-financing.
The 42nd GCF Board meeting was hosted by the Government of Papua New Guinea.
"At a time when collective climate action is more needed than ever, GCF is stepping up to deliver on its mandate. I am also pleased that the Board is moving ahead on regional presence, which will bring GCF much closer to developing countries,” GCF Co-Chair Seyni Nafo said in a statement.
Call for proposals
To strengthen its regional presence, the GCF Board has decided to issue a call for proposals from countries interested in hosting regional offices and an outpost of the Fund. The Board has defined clear criteria, a selection process, and a timeline for evaluating proposals. Submissions from interested countries will be reviewed by the Secretariat, whose recommendations will then be submitted to the Board for consideration.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Super Typhoon Ragasa lashed Hong Kong with hurricane-force winds and torrential rain on Wednesday.
When Climate Week kicks off in New York City on Sunday (21 September), it will mark the largest event of its kind yet, with organisers reporting a record number of companies participating and more events than ever before.
Rising temperatures are taking a mounting toll on Bangladesh, with heat-related illnesses and productivity losses costing the economy up to $1.78 billion - about 0.4% of GDP - in 2024, according to a World Bank report released Tuesday
Australia will suffer more frequent and extreme climate events, often happening simultaneously, which will strain industry, services and infrastructure, a government report said on Monday, ahead of the announcement of a new emissions target.
Scientists have detected DNA from an invasive barnacle species in Canada's Arctic, raising alarm over the loss of the region's natural defence against ecological threats.
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