By Athena Ballesteros on February 14, 2011
Tags: adaptation climate finance financial institutions international policy MDB world bank
Final session at COP-16 Cancun. Photo credit: WRIThis post originally appeared on the World Bank blog Development in a Changing Climate
The UN Climate Talks in December 2010 concluded with a set of decisions known as the Cancun Agreements, which included the establishment of the Green Climate Fund (GCF). Having been involved in many of the negotiating sessions, I know that this fund is seen by many, particularly developing countries, as an opportunity to create a ‘legitimate’ institution for delivering scaled-up finance to address climate change.