Corporate Financing of Nature Based Solutions: What Next? wri.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wri.org Daily Mail and Mail on Sunday newspapers.
The writer is a climate finance expert.
NOT many know Pakistan was elected co-chair of the Green Climate Fund Board for 2020; fewer realise its significance. With $17 billion in the kitty and growing, GCF is the most important global fund for climate change. As contributors, interests of the developed world are well represented on the board. Facing global economic powerhouses, Pakistan, co-chairing with Canada, tackled the challenge of aligning the fund to the needs of 130-plus developing countries that bear the brunt of climate change.
Despite Covid-19, it was an eventful year. Pakistan’s leadership increased its stature, highlighting the significance of performing credibly on the international stage, especially since over the decades our voice at multilateral institutions has waned. A transition to virtual board meetings allowed the business of the fund to continue at pace. GCF approved 37 projects worldwide worth $2.1bn, more than ever before. Under our leadership, GCF also ap