CFO & Director, Support Services- Javier Manzanares 9 December, 2014 Green Climate Fund and MOFA: General Overview and 2015 Collaboration Plan.

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Presentation transcript:

CFO & Director, Support Services- Javier Manzanares 9 December, 2014 Green Climate Fund and MOFA: General Overview and 2015 Collaboration Plan

FACTS AT A GLANCE NAMEGREEN CLIMATE FUND TYPEFinancial Mechanism of the Convention - UNFCCC ESTABLISHED11 December 2010 in Cancun, Mexico STAKEHOLDERS194 Countries Signatories to the UNFCCC GOVERNANCE24 Board Members Equal representation of developing and developed countries MANDATETo promote low-emission and climate-resilient development in developing countries HEADQUARTERSSongdo, Republic of Korea

GOVERNMENTS PRIVATE SECTORS ADAPTATIONMITIGATION MISSION OF THE FUND Under the UNFCCC, heads of state of developed countries committed to jointly mobilize funds to advance the global paradigm shift towards low-emission and climate-resilient development pathways. OPERATIONS

Voluntary contribution from developed countries Public and private contributions Alternative sources (Ex: taxes, carbon credits…) "Everyone has a responsibility." Chancellor of Germany, Angela Merkel Substantial annual resources to advance the paradigm shift Apprx. USD 10 bn Germany France Sweden South Korea US Spain USD 1bn USD 500m USD 100m USD 3bn USD 150m Switzerland Denmark Norway Mexico Japan Norway Canada USD 100m USD 70m USD 33m USD 10m USD 1.5bn USD 258m USD 265m SOURCE OF FUNDING CLIMATE FINANCING

HQ Agreement 10 th June, 2013 : HQ Agreement signed by Co-chair & Minister 04 th Dec, 2013 : Opened its HQ in Songdo, Incheon, Korea

Collaboration with MOFA 2015 & Beyond.. * Recruitment (JPO) * Fostering Internal Communication Channel * Privilege & Immunities Strengthen partnerships with implementing entities (KOICA, KOTRA) Mutual Collaboration: workshops or seminars Seek support in raising awareness of GCF & climate change/financing abroad

THANK YOU.