Green Climate Fund Must Think Micro for Macro Impact
Developed countries have committed to raising US$100 billion a year by 2020 to support mitigation and adaptation in developing countries.
The Green Climate Fund (GCF) seems set to become the largest vehicle for disbursing and/or leveraging this climate finance.
In November 2015, the Board of the GCF approved its first group of projects.
One of these projects proposes to climate-proof new water supply and wastewater management systems in Fiji.
In many ways, this project epitomises the original purpose of climate finance: to ensure that developing countries do not bear the full economic burden of climate change mitigation and adaptation.