Seoul, Republic of Korea, June 18, 2021
Launching of the Group of Friends of the Green Climate Fund
At the initiative of the Embassy of Gabon, the Embassy of France and the Embassy of Mexico to the Republic of Korea, 16 ambassadors accredited to the Republic of Korea met on 17 June 2021 at 14:30 at the Residence of France in Seoul to launch the Group of Friends of the Green Climate Fund.
The event brought together the ambassadors of Canada, Costa Rica, Denmark, Egypt, France, Gabon, Germany, Guatemala, India, Italy, Mongolia, Netherland, the United Kingdom, and the chargés d’affaires of Mexico, New Zealand and Sweden.
The Executive Director of the Green Climate Fund, Mr. Yannick GLEMAREC, and the Director-General for climate change, energy, environment and scientific affairs at the Ministry of Foreign Affairs of the Republic of Korea, Mr. LEE Tong-q, also participated in the meeting.
The Group of Friends is an informal group whose purpose is to share ideas on the work of the Green Climate Fund, which is a critical element of the historic Paris Agreement and the world’s largest climate fund, mandated to support developing countries raise and realize their Nationally Determined Contributions (NDCs) ambitions towards low emissions, climate-resilient pathways.
The GCF, headquartered in Incheon, is currently working with more than 140 countries. It operates through a network of over 100 accredited entities and many delivery partners who work directly with developing countries for project design and implementation. The total value of the GCF portfolio has grown to over 30 billion USD.
The Group of Friends will bring together ambassadors from the Diplomatic Missions accredited to the Republic of Korea, the Green Climate Fund and the ambassador for Climate change of the Republic of Korea, on a regular basis. It is co-chaired by the ambassadors of the States co-chairing the Board of the Green Climate Fund in the Republic of Korea (currently France and Mexico). Membership is voluntary and open to all Diplomatic Missions owing to the global impact of climate change.
The Group of Friends aims to mobilize political support in the role of the Fund in promoting a low emissions climate-resilient pathways in developing countries. It intends to strengthen the relationship between the Green Climate Fund and the Diplomatic Missions in the Republic of Korea, as well as create a new channel to countries’ governments. It will also provide an informal platform to exchange ideas and experiences on scaling up climate action in global, regional and national contexts.
The launch of the Group of Friends intervenes a few days after the P4G summit was successfully completed in the Republic of Korea. It also comes a few days before the 29th meeting of the Board of the Green Climate Fund, which will be held from June 28 to July 1, and a few months before the 26th UN Climate Change Conference of the Parties (COP26) scheduled in November in Glasgow (United Kingdom).
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