US$10 billion pledged to the Green Climate Fund | WWF

US$10 billion pledged to the Green Climate Fund

Posted on 20 November 2014    
Molinos de viento hechos de las 5 principales monedas del mundo, representando la inversión en energías renovables. Toy windmills cut from five major world currency banknotes over blue sky, representing finance and financial investment in renewable energy.
© Shutterstock / pryzmat / WWF
Contributions of US$ 10.2 billion were pledged to the Green Climate Fund for use by developing countries over four years to address climate change challenges, both in reducing carbon emissions and coping with impacts. Announced ahead of the Peru climate summit in November, this first "seed funding" is for WWF "a significant beginning", enabling the Fund to start operating - and the contributions by developing countries such as Peru, Indonesia, Panama and Mexico are particularly encouraging. The Fund is a financial mechanism created under the UN Framework Convention on Climate Change, and will help encourage developing countries to fix ambitious goals to address climate change issues. Additional contributions are expected through the GCF and other channels to reach the US$ 100 billion goal by 2020.


Original article posted on: 20.11.14         Updated: 16.03.15
Molinos de viento hechos de las 5 principales monedas del mundo, representando la inversión en energías renovables. Toy windmills cut from five major world currency banknotes over blue sky, representing finance and financial investment in renewable energy.
© Shutterstock / pryzmat / WWF Enlarge

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