The Green Climate Fund: Summary of Decisions of the Board of Directors
This report offers an overview of the development, evolution and current state of the Green Climate Fund. It includes a summary of the decisions made thus far by the Board of Directors. It also highlights the progress made by the Fund, and the challenges it must overcome in order to achieve its objectives.
In 2010, the United Nations Framework Convention on Climate Change created the Green Climate Fund with the goal of contributing significantly and ambitiously to the goals set by the international community to combat climate change.
The Fund will be the primary mechanism through which developing nations receive financial resources from developed nations to undertake adaptation and mitigation activites that will help them confront extreme changes in climate.
The Latin America nations that are members of the Convention will be beneficiaries of the financing. That’s why a clear understanding of the objectives and operation of this institution can contribute to better use of these resources in the region.