GCF Executive Director highlights urgency of climate action as Heads of State sign Paris AgreementNew York,
She encouraged developing countries and the Fund’s partner institutions to bring to GCF funding proposals that enable a shift away from unsustainable business-as-usual development pathways.
The Fund has mobilized about USD 10 billion and has already made its first investments. It is the largest entity under the financial mechanism of the Paris Agreement, which was signed by more than 170 countries in New York today.
The full text of the Executive Director’s remarks is available here.