Saturday, December 07, 2013

2 Big Issues to Tackle as the Green Climate Fund Sets Up Shop

This week, the Green Climate Fund (GCF) celebrated the official opening of its headquarters in Songdo, Korea. (Credit: World Bank, Flickr) Click to enlarge.
The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this goal.

 The Green Climate Fund (GCF) celebrated the official opening of its headquarters in Songdo, Korea, amongst notable attendees like the President of the Republic of Korea, Park Geun-hye, UNFCCC Executive Secretary, Christiana Figueres, and World Bank President, Jim Yong Kim.  The GCF is expected to become the main vehicle for distributing climate finance. The opening ceremony marks a concrete step toward making the Fund operational.

 2 Big Issues to Tackle as the Green Climate Fund Sets Up Shop
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