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.

http://www.climatechangenews.com/2016/01/26/28468/

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