At Peru on 5th Dec, the Norway government announced
to provide NOK 1.6 billion (approximately US$ 258 million equivalent) to the
Green Climate Fund over the next four years, bringing total pledges of
contributions to the Fund to approximately US$ 9.95 billion equivalent. This
amount, just shy of US$ 10 billion, includes all pledges and contributions made
to the Fund since its establishment.
A total of 22
countries have pledged to the Green Climate Fund, with Canada, Spain and Norway
announcing increased pledges after the Fund’s first pledging conference that
was held in Berlin on 20 November 2014.
The objective of the Green Climate Fund is to be one of the
main channels for funding both mitigation and adaptation measures in developing
countries. This is crucial for ensuring sustainable growth and development in
poor countries, which will often be most severely affected by climate change.
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