{"id":252,"date":"2018-07-06T15:24:31","date_gmt":"2018-07-06T15:24:31","guid":{"rendered":"http:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/?p=252"},"modified":"2018-07-07T11:10:20","modified_gmt":"2018-07-07T11:10:20","slug":"challenges-for-the-green-climate-fund","status":"publish","type":"post","link":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/2018\/07\/06\/challenges-for-the-green-climate-fund\/","title":{"rendered":"Challenges for the Green Climate Fund"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-253 alignright\" src=\"http:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-content\/uploads\/sites\/35\/2018\/07\/drought-and-green-large-300x163.jpg\" alt=\"\" width=\"300\" height=\"163\" srcset=\"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-content\/uploads\/sites\/35\/2018\/07\/drought-and-green-large-300x163.jpg 300w, https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-content\/uploads\/sites\/35\/2018\/07\/drought-and-green-large-768x418.jpg 768w, https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-content\/uploads\/sites\/35\/2018\/07\/drought-and-green-large.jpg 960w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>It was a challenging week for the Green Climate Fund (GCF) at its <a href=\"https:\/\/www.greenclimate.fund\/-\/green-climate-fund-b-20-meeting-press-release?inheritRedirect=true&amp;redirect=%2Fwhat-we-do%2Fnewsroom%2Fnews-stories\">20th Board meeting<\/a> in Songdo, South Korea, where the GCF is headquartered. There were high hopes for the meeting, which was expected to result in the approval of new projects and agreement around fund replenishment as resources have dwindled to US$2.8 billion to allocate from its initial pledges as a result\u00a0 of exchange rate fluctuations since 2014 and the U.S. failing to fulfil its financial commitment to the GCF.<\/p>\n<p>Instead, one of the Board Co-Chair&#8217;s was unable to attend due to political unrest in his country of Nicaragua, the Board did not approve any new projects nor discuss replenishment, and the meeting coincidentally culminated with the resignation of Howard Bamsey, who served as the GCF\u2019s executive director since January 2017, due to pressing personal reasons.<\/p>\n<p>Many in the sector are seeing this moment as an opportunity for the GCF to recreate itself, especially from a governance perspective. Let&#8217;s hope so because the countries most vulnerable to climate change impacts are depending on the activities of the GCF. The next Board meeting will be in October in Bahrain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was a challenging week for the Green Climate Fund (GCF) at its 20th Board meeting in Songdo, South Korea, where the GCF is headquartered. There were high hopes for the meeting, which was expected to result in the approval of new projects and agreement around fund replenishment as resources have dwindled to US$2.8 billion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/2018\/07\/06\/challenges-for-the-green-climate-fund\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Challenges for the Green Climate Fund&#8221;<\/span><\/a><\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-252","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/posts\/252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/comments?post=252"}],"version-history":[{"count":5,"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/posts\/252\/revisions"}],"predecessor-version":[{"id":258,"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/posts\/252\/revisions\/258"}],"wp:attachment":[{"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/media?parent=252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/categories?post=252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.plantagbiosciences.org\/people\/christine-costelloe\/wp-json\/wp\/v2\/tags?post=252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}