From today, developing countries will have stronger technology and financial backing to help meet their commitments to the Paris Agreement on Climate Change. This is thanks to an exchange of letters signed between the Green Climate Fund and UN Environment, at the request of Parties to the Climate Convention.
Under this arrangement, the Fund will collaborate with the Climate Technology Centre and Network (CTCN) to accelerate energy-efficient, low-carbon and climate-resilient developments.
The partners in this initiative have begun working together earlier this year through the GCF Readiness and Preparatory Support Programme that has approved funding to support the governments of Ghana, Myanmar, State of Palestine and Tonga in advancing green technology initiatives to be delivered by the Climate Technology Centre.
“This collaboration will not just reduce the risk of global warming,” said Mr Ibrahim Thiaw, UN Environment Deputy Executive Director. “It will also reduce the related risks of migration, pollution, poverty and inequality, while creating jobs and economic opportunities.”
The Climate Technology Centre and Network is the implementing arm of the Technology Mechanism under the United Nations Framework Convention on Climate Change (UNFCCC). It is hosted and managed by UN Environment and the United Nations Industrial Development Organization (UNIDO), and supported by 400 network partners around the planet.
“It is essential the resources GCF deploys are well targeted to the needs of recipient countries,” said Pa Ousman Jarju, Director of GCF’s Country Programming Division. “Our respective organisation will be successful if we work together very closely,” he added.
The Green Climate Fund (GCF) is an operating entity of the Financial Mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement, dedicated to advancing a global transformational response to climate change.