On July 6, JICA became one of the first Japanese entities to be accredited by the Green Climate Fund (GCF) Board. Established in 2010 at the 16th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 16), the GCF is a multilateral fund that provides financial support for measures to address climate change in developing countries.
Climate change undermines the foundation of human welfare, including natural ecosystems, and social and economic systems, and poses a dire threat to economic growth and poverty reduction as well as human security in every country in the world. In December 2015, the international community established the aim of “holding the increase in the global average temperature to well below 2° C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5° C above pre-industrial levels” in the Paris Agreement, adopted at the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 21).
From the long-term perspective, JICA provides support to developing countries in their efforts to transition to a low-carbon and climate-resilient society and economy in accordance with the Paris Agreement. As a GCF accredited entity, JICA is now eligible to develop and implement projects and programs to address climate change with GCF funding. JICA will therefore further expand its support to fight climate change with developing countries.