Green Climate Fund

Carbon Market Watch News
By Juliane Voigt on 28 Sep 2017

Financing partners face criticism as UN’s climate fund meets

The Green Climate Fund (GCF) board meets from 30 September- 2 October in Cairo, Egypt. Board members are expected to approve 16 funding proposals and accredit 5 new entities that will then be able to distribute funds. The GCF is under pressure to get on with the job of disbursing the 10 billion US dollars…

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Opinion
By Juliane Voigt, Pierre-Jean Brasier on 13 Apr 2017

UN climate fund should learn from past mistakes and reject large hydro dam projects

In a controversial move, the Board of the Green Climate Fund (GCF) has approved three large hydro dam projects, despite concerns raised by civil society on the extensive adverse social and environmental effects these projects can have. This development has to be seen very critically, especially considering past negative experiences under the Clean Development Mechanism…

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Letters
15 Mar 2017

Open letter to Green Climate Fund Board on keeping the fund fossil fuel free

March 2017 Dear Members and Alternate Members of the Board: We write to urge you to develop and adopt an investment policy for the treasury of the United Nations Green Climate Fund that maintains its current fossil fuel-free status and is consistent with international best practice for environmental, social, and governance (ESG) standards. To that…

Carbon Market Watch News
16 Mar 2016

Green Climate Fund under pressure after accrediting contested banks

Despite strong opposition from the civil society, the Green Climate Fund (GCF) Board last week in Songdo accredited two entities – HSBC and Crédit Agricole – that have been contested for money laundering, investment in fossil fuel and poor protection of human and environmental rights. This unveils the double standard poor track record plays in accrediting big or small entities.

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Carbon Market Watch News
4 Feb 2016

The missing ingredients for successful NAMAs

During the Paris negotiations in December publication of Carbon Market Watch’s policy brief revealed that long-term success of Nationally Appropriate Mitigation Actions (NAMAs) depends on having clear guidelines on stakeholder consultations, oversight of sustainable development impacts and sector-specific environmental criteria. The strategic plan for the Green Climate Fund (GCF) and the NAMA Facility revision process are crucial opportunities to acknowledge these success factors.

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Briefings
7 Nov 2015

Report of the 11th Board meeting of the Green Climate Fund (GCF) Board

Between 2-5 November 2015, the 11th meeting of the Green Climate Fund (GCF) Board was held in Livingstone, Zambia. This meeting was a landmark for the GCF as for the first time the Board considered actual funding proposals to be approved and funded by the GCF.

Carbon Market Watch News
3 Nov 2015

Green Climate Fund urged to reject accreditation applications from HSBC and Crédit Agricole

With the aim to approve first projects before COP21 in Paris, today the Board of the Green Climate Fund (GCF) will consider the first 8 funding proposals to receive Fund’s resources. Despite the opposition from the civil society, the Fund is also considering to accredit two high profile fossil fuel funders – HSBC and Crédit Agricole, – that are aiming to channel the Fund’s resources.

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Policy Submissions
30 Oct 2015

Submission to the Board of the GCF: Lessons learned from the CDM for the approval of GCF’s funding proposals

It is crucial that the decision of the Board of the Green Climate Fund (GCF) to approve the first funding proposals reflect the lessons learned from the previous experience of relevant institutions and climate mechanisms, in order to support high quality proposals that aim to deliver positive impacts for people and their ecosystem. The Clean…

Press release
25 Sep 2015

US and China launch Common Vision for Paris back to back with adoption of new universal Sustainable Development Agenda

25 September 2015. Today, in a significant move, US and China launched a common vision for Paris, including a new climate finance commitment by China of $3.1 billion to the Green Climate Fund. At the same time, the UN adopted a universal Sustainable Development Agenda to address poverty, need for development and environmental protection. The announcement combined with the new goals give new momentum for the Paris climate conference to better integrate sustainable development objectives.

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