Project
Photo: GCFAdvocating before the Green Climate Fund
The Green Climate Fund is the world's leading multilateral climate finance institution. As such, it has a key role in channelling economic resources from developed to developing nations for projects focused on mitigation and adaptation in the face of the climate crisis.
Created in 2010, within the framework of the United Nations, the fund supports a broad range of projects ranging from renewable energy and low-emissions transportation projects to the relocation of communities affected by rising seas and support to small farmers affected by drought. The assistance it provides is vital so that individuals and communities in Latin America, and other vulnerable regions, can mitigate greenhouse gas emissions and address the increasingly devastating impacts of global warming.
Climate finance provided by the Green Climate Fund is critical to ensure the transformation of current economic and energy systems towards the resilient, low-emission systems that the planet urgently needs. To enable a just transition, it’s critical to follow-up on and monitor its operations, ensuring that the Fund effectively fulfills its role and benefits the people and communities most vulnerable to climate change.
Reports
Read our recent report "Leading participatory monitoring processes through a gender justice lens for Green Climate Fund financed projects" here.
Partners:
Related projects
Latest News
Letter to the Board of the Green Climate Fund
Organizations, movements and civil society groups from developing countries -with decades of experience working for the rights and aspirations of peoples and communities- express their unified call for the adoption of the most robust environmental and social protections at the Green Climate Fund.
Read more
"No thank you" says the Green Climate Fund Board to transparency and civil society input
By Andrea Rodríguez, legal advisor, AIDA,@arodriguezosuna Once again civil society organizations expressed disappointment at the lack of transparency and civil society engagement at the latest meeting of the board of the Green Climate Fund (GCF), an operating entity of the United Nations Convention Framework for Climate Change (UNFCCC). The 24-member board met June 25-28 in Songdo, South Korea to further advance a process of putting the GCF into operation. The GCF will operate as a mechanism for transferring funds from the developed to developing world in order to help developing countries finance adaptation and mitigation practices to combat climate change. Civil society organizations have been constantly asking the GCF board for better opportunities for civil society to effectively be involved in the GCF decision-making process. Organizations have sent letters to board members, advisors and the GCF Interim Secretariat. But these many attempts to draw attention and consideration to civil society’s concerns have come to no avail. The board has constantly closed the doors to civil society’s active and effective participation. At board meetings, civil society may only have two active observers in the meeting room: one representing the north and the other the south. The other accredited observers have to sit in an overflow room to watch the meeting. The two active observers may only engage in the meeting if invited by the co-chairs of the board. Only one intervention can be made per each agenda item of the meeting and for no more than three minutes each time. On the last day of the Songdo meeting, the co-chairs disallowed any interventions from civil society, claiming there was not enough time. Ironically, the most important decisions were made on the last day. Given these limitations imposed by the co-chairs, the two active observers in the meeting room approached several board members to share key points on different papers from the perspective of civil society. The co-chairs, however, penalized this action and forbade the active observers from talking to board members. Despite the frustration of the being undermined and excluded, civil society was hoping to win at least one battle at the meeting: getting the board to decide in favor of live webcasting. Live webcasting shows a commitment to accountability and transparency. It provides opportunities for people without the resources to travel to board meetings to get involved in the meeting while also limiting the CO2 emissions generated by each board meeting through a reduction in the number of international flights taken for attendance. Webcasting is widely used by climate-related funds and is even used by the UNFCCC, the international environmental treaty of which the GCF is part. In Songdo, the GCF board decided against live webcasting on the argument that it would be too expensive at US$20,000 to US$30,000 per meeting. The board’s reference prices, however, are far more than the market average of US$1200 per day. According to the Adaptation Fund (AF) Secretariat and its webcast provider, live-streaming of AF board meetings costs about $1,000-$1,250 per day of broadcast, depending on site specific issues. Instead of live webcasting, the GCF board agreed to make webcasts of the meeting accessible three weeks after the event upon registration. Civil society organizations believe that this three-week delay prohibits organizations from advocating on the issues related to the discussions and decisions at the meeting. The Green Climate Fund has decided to have a strategic focus on climate mitigation and adaptation and seek to maximize sustainable development. Nevertheless, it is difficult to understand how the fund would ever be able to maximize “sustainable development” if its decisions are not made with the support of effective stakeholder participation and engagement throughout the whole process.
Read moreMéxico failed to attend the Green Climate Fund’s fourth Board meeting
Senator Ernesto Cordero, Mexico’s representative on the Board, must be held accountable for his failure to attend a key event for establishing financial support for fighting climate change. Mexico City, Mexico. Senator Ernesto Cordero, Mexico’s representative on the Green Climate Fund (GCF) Board, missed the fourth meeting of the entity, held June 25-28 in Songdo, South Korea. At the meeting, Board members started setting the rules of operation of the Fund, a financial mechanism essential for developing countries to secure the financial support needed to combat climate change. According to the GCF Secretariat, Cordero’s absence was because he had to attend important sessions of the Mexican Congress. Also missing at the Songdo meeting was Chile, the alternate member for Mexico. Chile’s representative also informed the Secretariat of his inability to attend the event. With the absence of both of these countries, one of the seats held by Latin America on the GCF Board was left empty. The Board consists of 24 members: 12 representatives from developing countries and an equal number from developed nations. Each member has an alternate who may participate in the Board meetings without voting rights unless they assume the role of the Board member. Latin America has three seats on the Board, broken down by regional groups: Colombia is paired up with Peru, Belize with Cuba, and Mexico and Chile. Each pair also represents other countries. In this regard, Mexico and Chile’s absence from the fourth meeting jeopardizes the interests of the Latin American countries represented by the duo, which includes Brazil and Argentina. It also contradicts the active role Mexico has played in recent years in climate change negotiations worldwide. What is more, a good opportunity was missed to influence the decisions taken in South Korea. The Fund is being developed to become a main source of financial resources to combat climate change, and at this Board meeting critical decisions were taken to this end. These included decisions on the Fund’s mission, the results and performance indicators to follow, procedures for access, home ownership, financial instruments, structure and organization, among others. The formation of the Green Climate Fund must meet the needs of all regions, but especially those in Latin America. Mexico, Chile and the other countries with a seat on the Board must commit to be active and efficient participants, and to be consistent with their national policies on climate change. It is of utmost importance to ensure the involvement of Latin American governments in international spheres like the GCF because this will ensure effective benefits for the people of this region. For more information on the Green Climate Fund, visit this page.
Read more