Kénitra

El Kelâa des Sraghna

Khénifra

Khémisset

Khouribga

Laâyoune (EH)

Larache

Marrakech

M’diq-Fnideq

Médiouna

Meknès

Midelt

Mohammadia

Tanger-Tétouan-Al Hoceïma

Moulay Yacoub

L'Oriental

Nador

Fès-Meknès

Nouaceur

Rabat-Salé-Kénitra

Ouarzazate

Oujda-Angad

Béni Mellal-Khénifra

Oued Ed-Dahab (EH)

Casablanca-Settat

Ouezzane

Marrakech-Safi

Rehamna

Drâa-Tafilalet

Rabat

Souss-Massa

Safi

Guelmim-Oued Noun (EH-partial)

Sefrou

Laâyoune-Sakia El Hamra (EH-partial)

Salé

Dakhla-Oued Ed-Dahab (EH)

Settat

Agadir-Ida-Ou-Tanane

Sidi Ifni

Aousserd (EH)

Sidi Bennour

Assa-Zag (EH-partial)

Sidi Slimane

Azilal

Sidi Kacem

Béni Mellal

Skhirate-Témara

Berkane

Taourirt

Benslimane

Tarfaya (EH-partial)

Boujdour (EH)

Taounate

Boulemane

Taroudannt

Berrechid

Taza

Casablanca

Tata

Chefchaouen

Tétouan

Chichaoua

Tiznit

Chtouka-Ait Baha

Tinghir

Driouch

Tanger-Assilah

Errachidia

Youssoufia

Essaouira

Tan-Tan (EH-partial)

Es-Semara (EH-partial)

Zagora

Fahs-Anjra

Fès

Figuig

Fquih Ben Salah

Guelmim

Guercif

El Hajeb

Al Haouz

Al Hoceïma

Ifrane

Inezgane-Ait Melloul

El Jadida

Jerada

Morocco

Poor land management, particularly deforestation for agriculture, contributes significantly to carbon emissions, worsening global warming and diminishing land productivity. While sustainable land management (SLM) practices offer climate adaptation and mitigation benefits, they face adoption barriers such as limited financing, high investment risks, low technical capacity, and poor supply chain traceability. Addressing and overcoming these barriers is key to reversing land degradation and promoting sustainable development.

The Mirova Sustainable Land Fund 2 (MSLF2) aims to tackle the interconnected challenges of land degradation and climate change by investing in SLM projects in selected countries (Costa Rica, Côte d'Ivoire, Ghana, Malaysia, Morocco, Peru, and the Philippines). It supports reversing land degradation by investing in practices in agroforestry, regenerative agriculture, and sustainable forestry. These approaches will enhance soil health, increase biodiversity, and improve carbon sequestration, making agriculture and forestry more resilient to climate variability and extreme weather events.

Employing a blended finance structure, MSLF2 combines public and private capital to mitigate risks and attract private investment in SLM projects.  The fund will offer flexible financing options to small- and medium-sized enterprises and provide technical assistance to help investee companies enhance their investment readiness and operational capacity.

This project was brought under the Project-Specific Assessment Approach (PSAA), an initiative to streamline and broaden access to GCF finance for new partners, countries, and technologies.

Local CSOs and CBOs in landscapes-seascapes around the world access grant financing and technical assistance, including capacity development and knowledge sharing to maintain and enhance their socio-ecological resilience, well-being and socio-economic conditions for global environmental benefits.

Smallholder farmers in Africa are increasingly vulnerable to climate change. Rising temperatures, droughts, and shifting rainfall patterns threaten their livelihoods and food security. Cultivating 80 per cent of Africa's farmland, they face several challenges, including poor market access and limited inputs, which reduce agricultural productivity, crop yields, and income, further limiting their adaptive capacity.

The programme aims to enhance the climate resilience of smallholder farmers and the agriculture value chain, ultimately promoting increased productivity and food security. It will invest in venture, early and early-growth stage companies that offer bundled adaptation solutions tailored for smallholder farmers. This adaptation-focused blended-finance venture capital fund will build upon the success of ARAF I (FP078), which was anchored by GCF. The Technical Assistance Facility will also support investee companies and smallholder farmers in climate resilience, integrating gender considerations, measuring impact and advancing business development.  

The programme enables smallholder farmers to adopt climate-resilient agricultural practices and access adaptation funding while also providing early-stage capital for innovative climate solutions, business models and technologies to early-stage ventures and micro, small, medium-sized enterprises (MSME).

GCF’s USD 30 million equity contribution will be matched by USD 90 million equity co-financing towards a USD 120 million fund. GCF will also provide USD 4 million in non-reimbursable grant to a USD 12 million Technical Assistance facility.

Mobilising private sector climate finance is an urgent priority to enable vulnerable countries to move towards a climate-resilient future rapidly.

This programme aims to achieve a systemic transformation of the financial sector in 13 countries by providing concessional financing for climate change mitigation and adaptation projects for small and medium enterprises, housing associations, municipalities, public utilities, and others.

Building upon Green Economy Financing Facility (FP025), it aims to leverage existing networks in each of the participating countries to develop climate-compatible financial systems, so that five per cent of banking sector assets, amounting to USD 180 billion, will be channeled to Paris-aligned pathways by the tenth year of programme implementation.

The programme comprises a lending envelope of USD 620 million for banks, microfinancing institutions and leasing companies, and a grant-funded technical assistance facility of USD 49 million to assist financial institutions with developing green transition plans. To foster gender-inclusive development and greater economic inclusion, the programme intends to commit at least 20 per cent of the loans to women or women-led businesses and 30 per cent to end borrowers outside the countries’ main cities.

Geography

Morocco

Recent documents

Adaptation Fund

Climate Investment Funds

Green Climate Fund

Global Environment Facility