Did you know that Monaco is the biggest contributor per capita to the Green Climate Fund? Now the Principality is stepping up its support with a boost of €3.3 million.  

Monaco’s Minister of Foreign Affairs and Cooperation, Isabelle Berro-Amadeï, announced on Wednesday 5th July that the Principality would step up its contributions to the Green Climate Fund (GCF) by pledging an extra €3.3 million to its cause.  

During the first round of the Fund’s replenishment period between 2020 and 2023, Monaco became the highest contributor per capita in the world.  

This latest injection of financial support is a 10% increase on that first commitment.

“This pledge is a demonstration of Monaco’s commitment to supporting climate action in the most vulnerable countries,” said Berro-Amadeï. “It sends a strong signal of Monaco’s confidence in GCF’s ability to deliver transformative impact on the ground and to mobilise funds on a much wider scale.” 

Executive Director ad interim for the GCF Henry Gonzalez said, “The Green Climate Fund welcomes Monaco’s contribution to GCF, affirming its commitment to climate finance and its trust in GCF to spur global climate action. We appreciate Monaco’s increased contribution, which signals the level of ambition and momentum for other nations to follow as their contributions are critical for GCF to continue its work of supporting the world’s most climate vulnerable.” 

Read more:  

Monaco, as largest donor per capita, welcomes UN Green Climate Fund amid world tour

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Photo source: Stefano Tanasi, Unsplash