Dear Members of the Transitional Committee, In establishing the Green Climate Fund (GCF), you are tasked with designing an institution that makes the most effective use of climate finance for developing countries. The core contributions to the GCF should be predictable, additional and public. To ensure that such money supports a country-driven approach its use should be determined by developing countries, informed by sovereign, participatory planning processes. The GCF should not channel money directly to multinational investors and corporations or through financial intermediaries, which would be incompatible with this goal.
Letter to tc on the private sector and gcf