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Green Climate Fund ready for lift-off but still lying empty
21 February 2012
MEDIA RELEASE
[Brussels, February 21, 2012] – NGOs welcome the renewed resolve expressed by EU Finance Ministers today [1] to help developing countries adapt to climate change and curb carbon emissions. Environmental and development groups now call on EU Member States to find the resources to make their pledge a reality.
Meera Ghani, Senior Policy Officer for Climate Finance at Climate Action Network (CAN) Europe, commented, "We are happy to see Finance Ministers support efforts to get the Green Climate Fund up and running. However, without significant financial contributions, the Fund remains an empty shell. While some countries like Denmark have already made contributions, we need a reliable and predictable flow of money going into the Fund," Ghani continued. "All EU member States must make substantial pledges before the next UN climate conference (COP18) in Qatar, at the end of this year."
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