Islamabad, 30 April 2022 (TDI): Yannick Glemarec, the Executive Director of the Green Climate Fund (GCF), met with Ambassador Munir Akram, Pakistan’s Permanent Representative to the United Nations.

GCF is a one-of-a-kind global platform that invests in low-emission and climate-resilient development to combat climate change.

GCF was formed by 194 nations to help disadvantaged societies adapt to the unavoidable effects of climate change by limiting or reducing greenhouse gas (GHG) emissions in developing countries.

Given the urgency and gravity of the situation, the GCF has been tasked with making a significant contribution to a coordinated global response to climate change.

Despite a rocky start following the disastrous Copenhagen Summit, the GCF has grown to become the world’s largest dedicated fund to assist poor nations in reducing greenhouse gas emissions and improving their ability to respond to climate change. 

By channeling climate funding to developing nations, the GCF plays a vital role in serving the Paris Agreement.

The Fund has established a direct access method, which allows national and subnational organizations to receive funds directly rather than through international middlemen.

According to the organization’s website, it employs “public investment to promote private finance, unlocking the power of climate-friendly investment for low-emission, climate-resilient growth.”

It is a source of pride for Pakistan that it has been named Co-Chair of this significant fund and is assisting in its expansion and effect.

This has given Pakistan the opportunity to participate in international decision-making processes upstream, where the actual policies for where to provide climate money, how much, and when, are formulated.

Pakistan has a long history of participating in international climate change debates. For example, when the crucial Bali Action Plan, a framework for implementing climate action, was adopted in 2007, Pakistan presided over a significant group of G77 countries.

However, Pakistan, on the other hand, has stepped down from its position as a global leader on climate change.

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