Seoul, 25 April 2023 (TDI): Today, A delegation of the Independent Evaluation Unit (IEU) of the Green Climate Fund (GCF) visited Pakistan’s embassy in the Republic of Korea. The delegation was led by the Head of the IEU Andreas Reumann.
During this productive meeting between the Ambassador of Pakistan to the Republic of Korea, Nabeel Munir, and Andreas Reumann role of IEU and its effectiveness in ensuring transparency and accountability of GCF were discussed.
This meeting was regarding the ongoing evaluation and accountability of GCF, which allows GCF to work more efficiently and its operations as well as its impact to be wide-ranging. The performance and results of GCF were also propaganda of the discussion.
Both parties discussed the importance of continuing to strengthen the partnership between Pakistan and GCF and expressed their commitment to ensuring that GCF’s resources are effectively used in addressing climate change challenges in Pakistan.
They also exchanged views on potential areas of collaboration, including renewable energy, adaptation measures, and capacity-building initiatives.
Andreas Reumann appreciated Pakistan’s efforts to fight global warming. He further highlighted the importance of this ongoing accountability which ensures that GCF is always open to learning and on the way to evolution to work for this global cause.
Ambassador Munir showed his pleasure and thanked the GCF for their continued efforts toward addressing climate change. He also emphasized the need for transparency in the allocation of funds and ensured that Pakistan will continue to work closely with the GCF to promote sustainable development and combat climate change in the region.
The meeting concluded on a positive note, emphasizing the need for further collaboration between both parties to achieve these common goals. The role of GCF and this ongoing evaluation was also underscored.
The Green Climate Fund (GCF)
The United Nations Framework Convention on Climate Change (UNFCCC), which created the Green Climate Fund, was ratified by 194 nations in 2010. The Fund aims to pay particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.
There are four ongoing projects in Pakistan under this fund, with a total funding of $131 million. These projects focus on building resilience to climate change, improving water resource management, and promoting renewable energy in the country.
The Fund’s support is crucial for Pakistan, as it is one of the countries most affected by climate change, with frequent floods, droughts, and heatwaves.
Independent Evaluation Unit (IEU)
The Independent Evaluation Unit (IEU) evaluates the GCF’s projects, programs, and policies objectively and empirically, as an independent organization. The IEU is essential in ensuring the GCF’s accountability and transparency and in encouraging the ongoing development of its operations. IEU work plan, budget, and head are selected by the Board of GCF.