PRESS RELEASE

Secretariat of the Green Climate Fund

G-Tower, 175 Art Center-daero, Yeonsu-gu,
Incheon, Republic of Korea
Tel: +82.32.458.6059 / Fax: +82.32.458.6094
E-mail: secretariat@gcfund.org / Website: GCFund.org



Green Climate Fund Poised for Initial Capitalization

Bonn meeting sends positive signal to potential
Green Climate Fund contributors and private financiers


(Bonn, Germany, 9 September 2014) Just weeks after the German Government
pledged up to US$ 1 billion for the Green Climate Fund, senior government officials from OECD
and other countries met in Bonn for the Funds second Initial Resource Mobilization (IRM)
meeting. The informal consultation was attended by representatives from more than
20 governments who advised on the Funds initial capitalization. The first formal Green Climate
Fund Pledging Conference is scheduled to take place in November this year when contributors
are to announce their initial contributions for the Fund.

The Green Climate Fund is up, but it is not yet running. said Christiana Figueres,
Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC),
when addressing contributors during the opening session. She added: In order for that to
happen, governments need to move from words to deeds. Between now and the next
Conference of the Parties to the UNFCCC in Lima, Peru, the capitalization of the Fund must
begin. Initial funding of US$ 10 billion would be a good start and a good signal of intent as the
world looks forward to a new climate agreement in 2015 that is both universal and meaningful.

This second Resource Mobilization meeting since June, focused on developing the policy
framework within which countries will be able to make contributions to the Fund to help it
achieve its paradigmshift goals.

Contributors reviewed financial terms and policies for contributions to enable
governments to make formal pledges. Final recommendations will be put to the Funds Board at
its eighth Board Meeting in October.

Potential contributors also held bilateral consultations with Ms. Hela Cheikhrouhou,
Executive Director of the Green Climate Fund Secretariat.

Once the Fund is appropriately capitalized, initial grants, loans or capital will be
provided for projects and programmes that enable developing countries boost sustainable
development, whilst curbing greenhouse gas emissions and adapting to climate change.


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The Bonn meeting, combined with the earlier Oslo meeting, has set in place a solid
framework, which will provide governments the confidence necessary for successful pledging in
November, said the Facilitator of the IRM Process, H.E. Ambassador Lennart Bge of Sweden.

The Green Climate Fund consultation in Bonn was the last milestone before United
Nations SecretaryGeneral Ban Kimoon convenes heads of state and government at his Climate
Summit in New York, on September 23, 2014.

The Green Climate Fund is to become the main instrument for multilateral climate
finance in the future. It will channel a significant share of international climate finance needed
to keep global temperature increases to below 2 Celsius.

At the Cancun Summit in 2010, heads of state committed to jointly mobilize
US$ 100 billion per year by 2020 from a variety of sources to address the adaptation and
mitigation needs of developing countries.


About the Green Climate Fund

The Green Climate Fund is a new multilateral fund that was established by Parties
attending the 2010 UNFCCC Conference in Cancun, Mexico. The Fund is designed as an
operating entity of the Conventions financial mechanism. The Funds purpose is to promote,
within the context of sustainable development, the paradigm shift towards lowemission and
climateresilient development pathways by providing support to developing countries to help
limit or reduce their greenhouse gas emissions and to adapt to the unavoidable impacts of
climate change.

The Green Climate Funds Governing Instrument was developed and approved in 2011.
Its Board declared the Fund ready for resource mobilization in May 2014.

For more information visit the Funds website at GCFund.org, or contact the Secretariat at:

Tel.: +82 32 458 6062
E-mail: secretariat@gcfund.org



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