7 April, 2016

Report on decisions at the 12th meeting of the Green Climate Fund Board


Mahlet Eyassu Melkie

The Board adopted its Strategic Plan that will assist it in taking decisions on how to invest resources while contributing to the ultimate objective of the UNFCCC and promote the paradigm shift towards low-emission and climate- resilient development pathways. This Strategic Plan is adopted at the time that the Board has set its aspirational goal of approving projects worth $2.5 billion in 2016.

The most important element of the Strategic Plan is the link with the Paris Agreement and making itself ready to support the implementation of this Agreement. It is important to note that this Strategy Plan is a living document that will be reviewed at each replenishment process.