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Behind The Breakdown At UN’s Green Climate Fund

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DevEx

Last month, the international climate change community was left reeling amid a disastrous fallout at the United Nations’ Green Climate Fund board meeting in Songdo, South Korea. The fund failed to approve almost a billion dollars in proposed projects, with board members still tussling over how to progress with GCF’s first official replenishment process.

On top of that, the fund’s Executive Director Howard Bamsey unexpectedly resigned, leaving GCF scrambling to find a successor. With only a few months left until December, when the annual U.N. Conference of the Parties takes place in Katowice, Poland, many wonder how the world’s largest international climate fund will overcome its challenges.

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see also: UN Climate Fund in Disarray, Amid Funding Shortfall