Germany is the host of the Green Climate Fund’s third Board of Directors meeting. From 13 to 15 March, the 24 Board members and their alternates are meeting at the Federal Foreign Office to get the Green Climate Fund up and running as quickly as possible.
The meeting in Berlin is especially focusing on issues related to the fund’s overarching structure and its working methods. The meeting will also address the inclusion of the private sector in the Fund.
Cornelia Pieper, Minister of State at the Federal Foreign Office, issued the following statement:
We are glad that this important meeting is taking place in Germany. The decisions we are making at this Board meeting are pivotal to the Fund’s future. We hope the Fund will become an effective core instrument of climate change funding.
Gudrun Kopp, Parliamentary State Secretary at the Federal Ministry for Economic Cooperation, issued the following statement:
Collaboration with the private sector is an innovative aspect of the Green Climate Fund. It is private investors who make the key investments that will determine future levels of greenhouse gas emissions. Through the Green Climate Fund we can effectively motivate as many private investors as possible to support the development of a new low-emission, climate-resilient economy.
Ursula Heinen-Esser, Parliamentary State Secretary at the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, issued a statement on the important role she envisions for the Green Climate Fund:
Global efforts to date appear to be insufficient to limit global warming to no more than 2° Celsius. The Green Climate Fund can help us fill the gap in these efforts: it can initiate projects and programmes that further reduce our greenhouse gas emissions.
The Green Climate Fund is intended to support developing countries and emerging economies as they reshape their economies to be climate friendlier and as they adapt to the consequences of climate change.
Industrialized countries have pledged to mobilize 100 billion US dollars a year for climate protection and adaptation in developing countries and emerging economies, starting in 2020. A significant share of this sum is to be channelled through the Green Climate Fund.
In the past seven years Germany’s financial investments in climate protection have quadrupled; in 2011 they totalled roughly 1.4 billion euros.
Joint press release of the Federal Foreign Office, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, and the Federal Ministry for Economic Cooperation and Development.