INFOGRAPHIC: Green Climate Fund – where is the money?

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The Green Climate Fund, which is the UN’s main instrument to transfer money to developing countries, in order to assist them in countering climate change, was launched in 2009 with the aim of raising climate finance of $100 billion a year by 2020. A substantial amount is expected to be raised in the run-up to the 2015 climate summit in Paris.

At the New York World Climate Summit last September, several leaders called for the Fund’s initial capitalization at an amount no less than $10 billion. To date, a total of $3 billion was pledged towards the Fund’s initial capitalization.

Existing pledges so far which are on public record are listed here. Sweden announced its contribution on 22 October.

>> Read: Summit prompts modest donations to climate fund

 

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