Climate pledges an "important stage" on road to Paris
Climate disruption/Green Climate Fund – Joint communiqué issued by M. Laurent Fabius, Minister of Foreign Affairs and International Development, Mme Ségolène Royal, Minister of Ecology, Sustainable Development and Energy, M. Michel Sapin, Minister of Finance and Public Accounts, and Mme Annick Girardin, Minister of State for Development and Francophony
Paris, 20 November 2014
At the pledging meeting, 21 countries promised to contribute a total of $9.3 billion to the Green Climate Fund, the new international financing tool for the fight against climate disruption. The Fund must support developing countries in their transition towards trajectories compatible with the goal of limiting global warming to 2ºC.
France contributed to the positive momentum through the commitment the President made, at the United Nations climate summit in September, to contribute $1 billion to the Green Climate Fund. This momentum will have to be continued further. Several countries have indicated their intention to contribute soon.
France specified that its contribution will be made up of a gift of €489 million and an interest-free loan of €285 million.
As early as 2015, armed with its new resources, the Fund will be able to help developing countries finance the reduction of their greenhouse gas emissions and, in particular for the most vulnerable, support their policies for adapting to the effects of climate change.
This initial capitalization is an important stage before the COP20 in Lima, on the path to the 2015 Paris Climate Conference, where a new, ambitious, universal agreement on combating climate change must be concluded under the auspices of the United Nations./.