Philippines co-chairs $100B UN green climate fund-A A +A
Saturday, October 19, 2013
THE Philippines will co-chair the board of the $100-billion United Nations Green Climate Fund, with the election of Albay Governor Jose Salceda as co-chair of the GCF board during its fifth meeting in Paris.
The Department of Foreign Affairs said Salceda received "unanimous support" from the Asian Group in being elected co-chair.
It said Salceda's election is "a strong expression of confidence in the Philippines and further raises the country's profile in the international community."
Salceda was quoted by the DFA as saying the fund should "prompt positive consequences in the lives of ordinary people."
He added he will make the fund work for developing countries, including Small Islands Developing States, Least Developed Countries, Africa, and highly vulnerable communities in countries like the Philippines, Indonesia, and Bangladesh.
With Salceda's election, the 24-member Board will be co-chaired by the Philippines and Germany for a term of one year.
The board oversees the operation of the Fund, which has pledges of $100 billion by 2020. (JK/Sunnex)