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Regaining Momentum: Priority Tasks for the Green Climate Fund at its First Board Meeting
August, 2012. Liane Schalatek. Briefing Note. Heinrich Böll Stiftung, Washington, D.C., 13 pages
Summary
The Green Climate Fund (GCF) is to become the primary multilateral channel for large-scale financing for adaptation and mitigation action in developing countries. When the newly selected 24 members – 12 from developing, 12 from developed countries – of the GCF Board will finally come together for their first Board Meeting in Geneva in from August 23-25 after an arduous nomination process created delays of several months, their most important first task will be to regain momentum lost since December. At that time, the 17th Conference of the Parties (COP17) of the UN Framework Convention on Climate Change (UNFCCC) had approved the Fund’s governing instrument and in an accompanying decision laid out some important deadlines and clarifications.
This briefing note attempts to give an overview over some of the priority issues the new GCF Board will have to address at its first board meeting as well as an outlook on issues it needs to resolve or at least begin addressing by COP18. The actual work plan for the Board for the next 12 to 18 months will of course to be much broader. Its discussion and a decision on how the Board plans to organize and schedule its task for the full operationalization of the Fund will take a good portion of the first three-day meeting of the Board in Geneva, August 23 – 25.
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Keywords: b. International Policy, Other Publications, cliamte change, COP 17, COP 18, GCF, Green Climate Fund, policies, UNFCCC