As the new board of the United Nations Green Climate Fund meets in Berlin this week, activist and watchdog groups here and around the world are expressing frustration over proposed rules they say are already significantly limiting civil society participation in the new initiative.
The new Green Climate Fund to help developing countries cope with climate change may one day have a bigger budget than the World Bank. At the moment, however, the Fund is empty.
Five months behind schedule, the board of the newest and largest international financing mechanism aimed at dealing with the effects of climate change, the Green Climate Fund, is finally slated to meet this week, just ahead of a late-summer deadline.
With the United Nations Climate Change Conference less than four months away, African countries need to present convincing arguments and successful adaptation projects to attract competitive funding for adjusting to changes in global weather patterns, climate finance experts say.
The European Union has been using all means necessary to fill the multi- billion-euro fund for climate change, including the controversial mobilisation of public resources through private financial intermediaries.
Gender considerations remain largely disregarded in existing climate funds, even though women are some of the hardest hit by the impacts of climate change on livelihoods and agriculture.
As developing countries urgently seek new sources of financing to cope with problems linked to climate change, delegates from the nine-nation Organisation of Eastern Caribbean States (OECS) met here last week to evaluate potential funds and outline a more concrete vision of what is required for the subregion.