“The GCF is open for business, innovative actions await financing, and the start of a new phase of global climate action lies within our reach. Let’s not miss this chance.”
“The GCF is open for business, innovative actions await financing, and the start of a new phase of global climate action lies within our reach. Let’s not miss this chance.”
The Board of the Green Climate Fund will meet on the 30th of June in Oslo with potential donor countries to discuss who will contribute to the fund, when and how those contributions will be made.
The Green Climate Fund (“GCF”) will be the primary funding vehicle of the UNFCCC. Fully funded, the GCF can make crucial resources available to countries with pressing needs due to climate change induced risk and enable the transition to low carbon development.
Already, countries who are already impacted by climate change are demonstrating leadership in terms of adaptation and resilience. Faced with the realities of climate change, developing countries are innovating to manage climate risk and kick start their transition to low carbon development.
The climate solutions originating from these countries offer real potential to deliver the innovative ideas and the common ground needed to reach a climate agreement in Paris 2015 which is ambitious and equitable.
Writing a guest blog for the Climate Justice Diaglogue, a joint initative of the Foundation and the World Resources Institute, Mr Ricardo Lagos, former President of Chile 2000-2006, President, Fundacion Democracia y Desarrollo and Mr Festus Mogae, former President of Botswana 1998 -2008, Member, African Union High-level Panel for Egypt stated:
“To reach a robust agreement in Paris, we have to change the dynamics in the negotiation process. An injection of much-needed climate finance would signal a commitment to act, rebuild trust between the Parties and in the international process, and create a much more favourable context for an international agreement. Of fundamental importance is the capitalisation of the Green Climate Fund (GCF). This fund, mandated in Copenhagen to support climate action on the ground, is now ready to receive contributions”
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