The Green Climate Fund GCF of the United Nations saw on Thursday 25 countries pledging support worth $9.3 billion to help vulnerable developing nations tackle the effects of climate change over the next four years, GCF said on Thursday.
In addition, 75% of the contributors have raised their commitments compared to the previous program period. “The funding pledges received today enable the GCF to channel new, additional and predictable financial resources to developing countries to support the paradigm shift towards low-emission and climate resilient development pathways – mitigating 1.5 to 2.4 gigatonnes of carbon dioxide equivalent – and enhancing the resilience of up to 900 million people,” GCF said in a statement.
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