Green Climate Fund board approves forest and land restoration projects for Algeria and Mexico

28 October 2026

At its forty-sixth Board meeting, held at Songdo in the Republic of Korea and reported on 28 October 2026, the Green Climate Fund cleared two projects coming to 184.8 million US dollars together. Algeria's project, which works on climate resilience in the steppe and the dry forest belt of its Green Dam, receives a grant of 43 million US dollars from the Fund alongside 56.5 million US dollars that the government puts in. It covers 454,138 hectares in six provinces over seven years, with restoration planned on more than 59,000 hectares, and it builds on the Green Dam, or Barrage Vert, begun in 1971. Mexico's is a results-based payment of 85.3 million US dollars for emission reductions already achieved, about 12.9 million tonnes of carbon dioxide equivalent, and it is carried out with CONAFOR, the National Forestry Commission. No project had been approved under the Fund's new results-based payment policy before this one. For both, the Food and Agriculture Organization is the accredited entity.