GCF: France and Canada convert their pledges into usable resources for GCF

 

 

 

The governments of France and Canada today signed agreements with the Green Climate Fund to convert their pledges into contributions. France has converted its remaining pledge of EUR 342 million, bringing its total signed contributions to EUR 774 million, while Canada has converted its pledge of CAD 300 million into signed arrangements.

 

"As we are about to finalize an ambitious agreement on climate, the Green Climate Fund has to be able to fully play its role to help developing economies become less reliant on carbon," said H.E. Michel Sapin, French Minister of Finance.

 

H.E. Catherine McKenna, Canada's Minister of Environment and Climate Change, who spoke on behalf of Marie-Claude Bibeau, Minister of International Development, said today from the COP 21 conference venue at Le Bourget: "Canada is committed to supporting developing countries increase their capacity to mitigate climate change, adapt to its adverse impacts, and improve environmental sustainability, which underpins the health and livelihoods of their people.”

 

With this development, GCF has reached approximately USD 6.5 billion equivalent in signed contributions, using the exchange rate of its initial resource mobilization period.

 

For more Information, please check : Here

 

 

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