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Big development banks dominate Green Climate Fund, new study finds
The Green Climate Fund must do better to meet developing countries’ needs as they face the climate crisis. Read More
Friends of the Earth praises U.S. contribution to Green Climate Fund despite congressional obstacles
WASHINGTON, D.C. – In response to the Obama administration’s announcement of a $500 million contribution to the Green Climate Fund, Friends of the Earth U.S. Deputy Director of Economic Policy Karen Orenstein issued the following statement: Friends of the Earth applauds President Obama for providing this urgently needed money to… Read More
Green Climate Fund must say no to partnerships with HSBC, Crédit Agricole
SONGDO, SOUTH KOREA — The Green Climate Fund must not channel its money through two scandal-ridden international commercial banks that are leading funders of the coal industry, say civil society groups at a meeting of the GCF’s Board in Songdo, South Korea. The groups say that the GCF must reject applications… Read More
Response to Green Climate Fund and appropriations package
Washington, D.C. – The appropriations package released late last night does not block funding for the Green Climate Fund. Karen Orenstein, senior analyst at Friends of the Earth U.S., had the following response: This is a rebuke to those Congressional extremists who tried to play politics with desperately needed money… Read More
Special Climate Envoy Sterns boasts on climate finance ring hollow
PARIS, FRANCE – U.S. Special Envoy for Climate Change Todd Stern spoke today about the U.S. role in climate negotiations, including climate finance. Friends of the Earth U.S. President Erich Pica issued the following response: Special Climate Envoy Stern called the U.S. pledge ‘strong and robust.’ But it is… Read More
Contributions to Green Climate Fund alarmingly low
WASHINGTON, D.C. – Friends of the Earth International today demanded that developed nations provide the Green Climate Fund with the resources they pledged to it in 2014, warning that the contributions made so far are alarmingly low. The Green Climate Fund, or GCF, announced yesterday that countries had missed… Read More
Friends of the Earth International: Green Climate Fund pledging session important start but nowhere near actual need
WASHINGTON, D.C. – In a sign of moderate progress, a pledging session held today in Berlin, Germany, for the United Nations Green Climate Fund raised up to $9.3 billion USD in much needed funds for an initial four year period. “Today’s pledging session, while an important start, is nowhere near… Read More
U.S. pledge to Green Climate Fund welcome first step, but much more is needed
WASHINGTON, D.C. – It is reported that the Obama Administration will soon announce a $3 billion pledge for the United Nations Green Climate Fund, ahead of a pledging session November 19-20 in Berlin, Germany to capitalize the Fund. While a step in the right direction, the pledge falls far short… Read More
Green Climate Fund meeting serves as harbinger of success for 2015 Paris climate summit
WASHINGTON, D.C. – Next week, Barbados — a small island, developing state threatened by climate-induced sea level rise — will host a critical board meeting of the United Nations Green Climate Fund. The results of this meeting are crucial to determine the legitimacy of 2015 global climate negotiations in Paris. An… Read More
Keep dirty energy out of Green Climate Fund, demand activists and community groups
A coalition of nearly 300 civil society organizations mainly from developing countries are raising alarms that the Green Climate Fund could be used to finance projects that are just a little less dirty than “business as usual,” including fossil fuels, dams, nuclear energy and biomass, among others. These citizens groups… Read More