The Green Climate Fund was created to channel money from the developed to the developing world to help create projects and programs for climate change adaptation and mitigation.
The Fund will support a wide range of projects, from low-carbon transportation to the relocation of communities affected by the rising tide. The Fund is vital to the future health of Latin American countries, as it will provide them with the economic help needed to respond to climate change.
A 24-member Board, with equal representation from developed and developing countries, governs the Fund. Latin American countries represented include Chile, Peru, Colombia, and Mexico; Cuba and Belize share a seat. The Board meets three times a year, each time further developing the structure and principles of its operations.