UN Green Climate Fund now operational

I I fter its seventh meeting, the reen limate und is now operational

he is an operating entity of the nited ations ramewor onvention on limate hange

he was launched by developed countries in with a proposed fund of up to billion per year to help developing countries tac le the impacts of global warming

he landmar report on climate change concludes that climate change is “une uivocally caused by humans and if unchec ed can pose a grave threat to people and could lead to wars and mass migration

cientists believe there is only a short window of time to limit global temperature rise to degrees to prevent some of the most disastrous impacts of climate change

ut the report also points out that moving to renewable energy is achievable and the cheapest and least ris y route to dealing with global warming is to abandon all dirty fossil fuels in coming decades

fter four days of discussions in ongdo starting ay to , the board members of the reen limate und had reached an agreement on the essential elements to finalize its business model including fund structure, safeguards and administrative rules

s a result, is now ready to receive money from developed countries to start clean energy pro ects as early as

lbay ov oey alceda, reen limate und co-chair, said that in the fight against climate change, there would be probably three ma or historic moments

“In hierarchy, first would be the emission reduction binding treaty to be forged , second would be the operationalization of the reen limate und and third would be the non-binding yoto rotocol which already e pired, alceda said

“It ma es me proud as a ilipino for having been given the chance to steward the commencement of the operations so that it could cushion and protect the poor from its impacts and help developing countries in contributing to low emission, climate-resilient development pathways, said alceda

“ ogether with my erman co-chair, it was my honor as a ilipino and as a local government official to preside over this historic moment, to be in the driver s seat in ma ing history, in ma ing the world safe for children, he said

He said in this fight the community of nations have come together

alceda also said the members received critical and timely interventions from civil society organizations which enabled the process to move forward towards its completion

“ e are also challenged by the souls of our brethren who suffered the climate wrath of olanda and eming and this has compelled us towards a transformative pathways of growth, he said

“ ay od bless us in this noble underta ing, said alceda