The Green Climate Fund (GCF) 1st High-Level Pledging Conference
October 28, 2019
- The Green Climate Fund (GCF) 1st High-Level Pledging Conference was held in Paris, France from October 24 to 25 (same day local time).
- The GCF is a fund established under the United Nations Framework Convention on Climate Change (UNFCCC) to support reduction of greenhouse gases (mitigation) and addressing impacts of climate change (adaptation) in developing countries. At this conference for the first replenishment, which was hosted by H.E. Mr. Le Maire, Minister for the Economy and Finance of France, a total contribution of approximately $9.78 billion was announced from 27 countries including Japan.
- Mr. TAKASUGI Masahiro, Deputy Assistant Minister, International Cooperation Bureau, who is also the Board member of the GCF, represented Japan at the Conference and announced the details of Japan’s contribution to the GCF.
- Subject to the approval of the Diet, the Government of Japan intends to contribute up to $1.5 billion for the first replenishment, in accordance with the performance of the GCF.
On this occasion, the Government of Japan expects our strong hope that the GCF will address following four priorities that Japan places particular importance.
- Implementation of quality infrastructure projects in accordance with the G20 Principles for Quality Infrastructure Investment.
- Allocation of more than 50% of the fund to adaptation project for SIDS, LDCs and African states.
- Mobilization of wide-ranging knowledge and expertise from diverse sectors in formulating and implementing GCF projects.
- Equitable geographical representation in the composition of the GCF Secretariat staff.