The Green Climate Fund (GCF) Board meeting starts today – it’s time to take our action up a notch.
We need to remind the GCF of their mandate to accelerate climate action in developing countries for them to achieve the goals set out in the Paris Climate Agreement. This is possible if the GCF steers clear of coal funders like Sumitomo Mitsui Banking Corporation (SMBC).
The GCF’s leadership is crucial in making financial flows benefit the people and the planet. It cannot do so by accrediting banks that have contributed greatly to the crisis by funding coal projects.
We need the Green Climate Fund to live up to its mandate of resourcing real climate action. And you can help to deliver the message by pressuring them on social media.
It would be a serious setback to the global efforts of transitioning the world to 100% renewable energy, as well as the work to eradicate poverty if they accredit banks with proven record of coal financing access to public funds that are urgently needed for climate action.