Written by Kevin Wafula
The first meeting of the Board of the Green Climate Fund, the global institution set up to channel support to developing countries to act on climate change, will take place later this month. Following the completion of the nomination of Board members, the work to operationalize the Green Climate Fund can now go forward. At the invitation of the Government of Switzerland, the Board meeting will be held in Geneva.
At the meeting, the Board is going to consider organizational matters and initiate work to develop the operational basis for the Fund. It is expected to decide on arrangements for the Interim Secretariat and the Interim Trustee of the Fund and agree on its first workplan.
One of the key issues for the Board this year will be the selection of the host country of the Green Climate Fund. Six countries (Germany, Mexico, Namibia, Poland, Republic of Korea and Switzerland) will present their expressions of interest to the Board.
The Board will initiate an open and transparent process in order to take a decision on the host country at one of its subsequent meetings and present it to the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) for endorsement at its next session to be held in Doha, Qatar, from 26 November to 7 December 2012. The Green Climate Fund was established in December 2011 at Durban, South Africa, by the Conference of the Parties to the UNFCCC.
Its purpose is to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.
The Fund will provide simplified and improved access to climate change funding to developing countries, including direct access, basing its activities on a country-driven approach.
The Green Climate Fund will be governed and supervised by a 24-member Board and was designated as an operating entity of the financial mechanism of the UNFCCC.