As the Green Climate Fund (GCF) - the world’s largest multilateral fund for action on climate change - is holding its second consultation on the first replenishment in Ottawa, civil society welcomes the announcements by those countries including Germany, France, the United Kingdom and Norway that have doubled their pledges in local currency in comparison to contributions made during the initial capitalization of the Fund.
Whilst these developments are encouraging, we urge other countries to follow suit and announce their pledges imminently, starting at the upcoming UN Climate Action Summit during September in New York.
In light of the urgency of the climate crisis that the international community is facing and as highlighted by new science such as contained in the recent Special Report of the Intergovernmental Panel on Climate Change (IPCC) on Climate Change and Land, it is of utmost importance that all developed countries make ambitious pledges.
They must at least double the amounts they gave during the initial resource mobilization. In particular, those countries who have contributed less generously on either a per GDP or per capita basis should go well beyond doubling in this round to do their fair share.
