UN Green Climate Fund Supports North Korea’s First Project to Tackle Climate Change

The UN Green Climate Fund (GCF) has announced that it has sanctioned $752,000 in funding for North Korea to help Pyongyang deal with climate change, marking the primary financing project by the fund for the solitary nation, report said.

The fund will help North Korea improve its "readiness" to tackle climate change, Yonhap News Agency said in the report.

North Korea is a party to the UN Framework Convention on Climate Change and to the landmark Paris climate agreement.

In January, North Korea listed a national designated authority as its communication channel with the GCF.

Yannick Glemarec, executive director of the GCF, told Yonhap News Agency that North Korea can receive conditional financing for low-emission, climate-resilient development.

"(North Korea) is eligible to GCF support provided it meets all the environmental and social safeguards for its project with (the) GCF," he said.