Green Climate Fund meet in Geneva

7 September 2011, 18:00 PM

Bss, Dhaka

A two-member Bangladesh team leaves for Geneva today to attend the Transitional Committee meeting on Green Climate Fund (GCF) there on Sunday. The Geneva meeting will finalise the convergent issues, particularly legal status of the GCF, governance and institutional arrangements, fund windows, access modalities, private sector leveraging and mobilisation and gender mainstreaming. It will prepare operational specifications for the GCF for approval by the next UN Climate Conference to be held at Durban in South Africa this year December. The Bangladesh team includes Prof Dr Ansarul Karim and Dr Aparup Chowdhury, joint secretary of the environment and forest ministry. The GCF was established at the climate summit at Cancun in Mexico in December 2010 under which industrialised countries committed to a goal of jointly mobilising $100 billion per year by 2020. The Cancun conference also constituted the 40-member transitional committee comprising 15 developed and 25 developing countries to prepare the modalities and operational procedure of the GCF. Bangladesh is representing in the transition committee from the Least Developed Countries. The GCF was created aiming at transparent, predictable and adequate provision of finance in the long term to ensure that poor and vulnerable countries like Bangladesh get adequate fund to build a sustainable future to face the impacts of climate change. The mandate of the transitional committee is being worked out under four Work Streams.