Green Climate Fund: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Update number of parties to UNFCCC. Source UNFCCC webpage https://unfccc.int/process/the-convention/history-of-the-convention#eq-1)
imported>Doug Williamson
(Removed duplicate weblinks and increased future proofing.)
Line 8: Line 8:




The GFC was set up by the 194 countries who were then parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism*. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.
The GFC was originally set up by the 194 countries who were then parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.
   
   
When the Paris Agreement was reached in 2015, the GCF was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius.
When the Paris Agreement was reached in 2015, the GCF was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius.
''Source: Green Climate Fund webpage [https://www.greenclimate.fund/who-we-are/about-the-fund Green Climate Fund - who we are]''
* The number of parties to the UNFCCC is now 197.





Revision as of 15:48, 3 April 2019

Green finance - environmental risk management.

(GCF).

The Green Climate Fund is a global fund established to support the efforts of developing countries to respond to the challenge of climate change.

The GCF pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.


The GFC was originally set up by the 194 countries who were then parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.

When the Paris Agreement was reached in 2015, the GCF was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius.


See also


External link

Green Climate Fund - the climate challenge