The GREEN CLIMATE FUND should serve the needs of the peoples of developing countries. But Parties of developed countries are doing their utmost to ensure that the Fund operate based solely on their terms.
“Paying the Polluters” is one of the principles that they want the Green Climate Fund to be based on. Their efforts to ensure that the private sector be able to access funds directly from the GCF succeeded with the Transitional Committee’s proposed design that includes a private sector facility. Attempts from developing countries during the TC process and now in the COP17 process to ensure that the role of the private sector is subject to country-defined policies and priorities are being met with intense opposition. (more…)
The Jubilee South Asia Pacific Movement on Debt and Development (JSAPMDD) joined the Freedom from Debt Coalition (FDC) and the Philippine Movement for Climate Justice (PMCJ) in a caravan in Makati City to strongly oppose any role of the World Bank in the disbursement and management of climate finance.
The protestors held demonstrations at the Embassies of Mexico, Norway and South Africa as the three countries are the co-chairs of the Transitional Committee tasked by the United Nations Framework Convention on Climate Change (UNFCCC) to design the Green Climate Fund (GCF)– …
Campaign for Climate Justice Network, Nepal (CCJN), a network of country members of Jubilee South / Asia Pacific Movement on Debt and Development (JS APMDD) organized a demonstration against the role of World Bank in climate finance near World Bank office on 12 October in Kathmandu, Nepal. Representatives of CCJN and other organizations working in the field of climate change also participated in the program.
Dr Sarba Raj Khadka, Executive Member of International Coordination Committee of Jubilee South, explained the rationale of the program by revealing the situation that, countries of …
The World Bank is facing mounting opposition from a broad network of green and grassroots activists over its role in a new global Green Climate Fund aimed at helping developing countries combat the ravages of climate change, writes Marwaan Macan-Markar
The World Bank is facing mounting opposition from a broad network of green and grassroots activists over its role in a new global Green Climate Fund (GCF) aimed at helping developing countries combat the ravages of climate change.
“In spite of the climate and economic crises, the World Bank continues to finance …
