France pledges $1 billion for Green Climate Fund

During the Climate Summit 2014 organized this Tuesday 23rd September, participants emphasised the importance of the Green Climate Fund. By Diane Uwimana

Ban Ki-Moon: “we must begin to capitalize the Green climate Fund.” ©Iwacu

Ban Ki-Moon: “we must begin to capitalize the Green climate Fund.” ©Iwacu

“We must meet the broader 100 billion dollar-a-year pledge made in Copenhagen”, Ban Ki-Moon said in his opening remarks.
The Secretary General of the UN indicates that climate change threatens hard-won peace, prosperity and opportunity for billions of people.
So, he continues, all governments must work together to mobilise money and move markets: “We must begin to capitalize the Green Climate Fund. There is no more powerful way to drive the market transformation we need. All these actions demand collaboration, cooperation and coalitions.”

Ban Ki-Moon’s views are supported by François Hollande, the President of France. “All the Governments must work hard to end up with a universal agreement to the new mode of the world development. France will grant one billion dollar for the Green Climate Fund to encourage the reforestation in countries”, he points out.
Dr Nkosazana Dlamini- Zuma, the Chairperson of the African Union Commission welcomes Hollande’ s comments, as the demand of energy in Africa is increasing and people continue to cut trees to provide firewood. She would prefer to invest in renewable energy.
The Climate Summit 2014 was held in New York and could be followed in teleconference all around the world.