México failed to attend the Green Climate Fund’s fourth Board meeting

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.