GCF highlights success in mobilising finance to deliver climate action
Paris, 12 Dec 2017 Executive Director Howard Bamsey highlighted the ability of the Green Climate Fund to scale-up, innovate, and deliver climate finance in his speech to the One Planet Summit. Addressing the audience of global leaders, climate activists, and financial institutions, Mr Bamsey emphasised that GCF is responding to its given role of serving the Paris Agreement by supporting and accelerating the common efforts to fight climate change.
"As the dedicated climate fund serving the Paris Agreement, GCF is strongly driven by countries. We help them to take the climate action they have chosen to reach their NDC ambitions," he stated.
"We are a fund, not a bank, which gives us flexibility," he continued. "The key to success is catalysing private finance. Our risk appetite means that we can engage the private sector in developing countries, supporting ideas at the frontier of climate finance."
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