Karandaaz secures green climate fund accreditation
KARACHI: Karandaaz Pakistan has secured accreditation from the Green Climate Fund (GCF), enabling it to directly access and channel international climate finance toward initiatives in Pakistan aimed at mobilising private investment, reducing investment risks and supporting climate-resilient enterprise growth. The accreditation was approved by the GCF Board at its 46th Board Meeting (B.46) in…
Karandaaz Pakistan has received accreditation from the Green Climate Fund (GCF), granting it direct access to international climate finance to support climate-resilient enterprises in Pakistan. The approval came during the GCF Board's 46th meeting in South Korea. Karandaaz will now be able to blend and channel global climate finance into initiatives aligned with Pakistan's climate goals.
The organization aims to mobilize private capital, de-risk investments and support sectors vulnerable to climate change. Pakistan is highly vulnerable to climate impacts and requires significant international and domestic resources to meet its climate targets. As a national impact investment platform, Karandaaz will leverage its expertise in local financial markets to expand climate finance for businesses and institutions.
Over the past ten years, Karandaaz has worked to address financing gaps for climate-smart interventions in Pakistan, helping MSMEs adopt resource-efficient technologies and expand clean energy solutions. The accreditation was approved by the GCF Board at its meeting in South Korea, bringing Karandaaz into the fund's global network of direct access entities.
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