Community Advocacy on Environmental and Social Justice

Tuesday, 18 December 2012

Green Climate Fund for Africa


Background

At the sixteenth session of the Conference of the Parties (COP) to theUnited Nations Framework Convention on Climate Change (UNFCCC), held in Cancun, Mexico, from 29 November to 10 December 2010, the Parties decided to establish the Green Climate Fund (decision 1/CP.16).


By the same decision, the COP decided that the Green Climate Fund would be designed by a Transitional Committee.

The Transitional Committee comprised of 40 members (15 members from
developed country Parties and 25 members from developing country Parties). It met four times in the course of 2011 and, in accordance with its terms of reference (Annex III of decision 1/CP.16), submitted to the COP at its 17th session in Durban, South Africa, from 28 November to 9 December 2011, the report for its consideration and approval.


The Green Climate Fund was launched by decision 3/CP.17, which approved the Governing instrument for the Fund annexed to that decision.

http://gcfund.net/about-the-fund/background.html

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Hi Eroo !! Whats your Views on this ?