Civil Society Wants Bigger Role in Green Climate Fund Planning
The fund, created in 2010 under the auspices of the U.N. Framework Convention on Climate Change (UNFCCC), is eventually expected to channel some 100 billion dollars a year to help developing countries counter and adapt to climate change. Yet because it has no fundraising capability itself, the source of that money has yet to be decided upon.
...“Private climate finance cannot be a substitute for direct public support – the 100 billion dollars developed countries have promised must be made up entirely of public funds,” [Karen Orenstein, a Washington-based campaigner with Friends of the Earth U.S] says.
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