4:06 pm - Tuesday November 27, 6068
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development

Green Climate Fund: Course correction needed?

The Green Climate Fund (GCF) is meant to be a new, innovative institution that will directly support climate action in developing countries, with a particular focus on the poorest and most vulnerable who thus far have had little access to climate finance. Further, the GCF is to do this through projects and programmes that also address sustainable development and bring social, environmental, economic and gender benefits. But last week, at its penultimate meeting before the major United Nations climate summit in Paris, the GCF Board took decisions that flew in the face of this vision for the Fund. [caption id="attachment_18235" align="alignright" width="604"]