Songdo – The Board of the Green Climate Fund will hold its second meeting starting Thursday, 18 October, in Songdo, Republic of Korea. Building on the successful outcome of its inaugural meeting in August in Geneva, it will address several key issues for the operationalization of the Fund. One of the main decisions will be on the country to become the host of the Fund. Six countries made offers – Germany, Mexico, Namibia, Poland, Republic of Korea and Switzerland. The Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) will subsequently be asked to endorse the Board’s decision.
The Board of the Green Climate Fund is the 24-member body that steers the activities of the Fund. The meeting in Songdo will address the work plan and priorities of the Board until the end of 2013.
Another important step expected is the launch of the selection process for the Executive Director of the Fund who will head the independent Secretariat that will be established in the course of 2013. The Board will also discuss its report to the United Nations Climate Change Conference, to take place on 26 November–7 December 2012 in Doha, Qatar, as well as a number of other organizational issues.
About the Green Climate Fund
The Green Climate Fund was established in December 2011 at Durban, South Africa, by the Conference of the Parties to the UNFCCC with the purpose of making a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change. In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change.
The Green Climate Fund is governed and supervised by the Board and was designated as an operating entity of the financial mechanism of the UNFCCC.
More information is available on the Fund’s website http://www.gcfund.net.