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The Fund's initial resource mobilization took place in 2014, and GCF raised over USD 10.3 billion in pledges from 35 countries, including both developed and developing states.
Developing countries have envisaged this benefit sharing as a tool that presents a solution to the disparities existing between developing and developed states [ 7].
The potential "gold rush" was a factor that led to the United Nations Convention on the Law of the Sea that aimed to ensure that the seabed's wealth outside territorial limits would be shared between developed and developing states.
High doses of political will all round are needed to bridge the gaps between developed and developing states.
Nevertheless, in both developed and developing states, studies that focused on regulations and laws activated in health systems during emergencies, identified inconsistency and incoherence.
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For example, the development of a transnational form of patenting governance through the Agreement on Trade Related Intellectual Property Rights (TRIPS) has been characterised by a continuing conflict between the interests of developed and developing world states.
A further eight heads of state from the developed and developing world will be invited by Ban to join the panel.
Based on literature review, it can be stated that both developed and developing countries have problems with the non-remunerated blood donation system [ 12, 13].
Larger countries -- developed and developing -- remain conveniently distracted by old models of what states need to do.
One of the focuses of MDG8 is official development assistance (ODA), with particular emphasis on aid to the least developed countries, landlocked developing countries and small island developing states.
For least developed countries and small island developing states, foreign aid and climate finance represent an indispensable resource.
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CEO of Professional Science Editing for Scientists @ prosciediting.com