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They were there to continue down the rocky road of launching a UN institution, the Green Climate Fund (GCF), intended to mysteriously collect, then spend $100 billion a year on climate change efforts worldwide.
The GCF is often considered the sole shining light from the dismal climate conference in Copenhagen in 2009.
Some early feedback from applicants to the recent Green Climate Fund (GCF) funding round late last year had applicants reporting that accessing funding from the GCF is very demanding and costly.
The Adaptation Fund, which is financed through a levy on international carbon market transactions, is the only international climate fund besides the GCF that is independent of development finance institutions.
The Green Climate Fund (GCF) is intended to be the major conduit for funding to flow from wealthy economies built on fossil fuels to those that will suffer most from climate change they did not cause.
The developed world has agreed that poor countries should receive $100bn a year by 2020, but have so far pledged just $10.2bn to the GCF.
A report from the Overseas Development Institute (ODI) shows that 10 developed countries, mainly European, have contributed a total of $6.9m to the Green Climate Fund (GCF).
Similar(4)
In addition, rich countries have pledged $9.7bn to the new UN Green Climate Fund GCFF).
At Cancún in 2010, developed countries pledged $100bn a year by 2020 towards the Green Climate Fund GCFF) to help developing nations adapt to the effects of climate change – but little of that has yet materialised, with delivery mechanisms still to be decided.
The UN Green Climate Fund GCFF) – tasked with obtaining the "significant portion [of] new and additional" funds from developed countries, to $100bn per year until 2020 – currently stands at just $10.2bn.
The Great Conflagration, as it was called, is chronicled on the site of the Chicago Historical Society, with a written account and photographs and prints of the city before and after the event (www.chicagohistory.org/fire/intro /gcf-index.html).html
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