The GREEN CLIMATE FUND should serve the needs of the peoples of developing countries. But Parties of developed countries are doing their utmost to ensure that the Fund operate based solely on their terms.
“Paying the Polluters” is one of the principles that they want the Green Climate Fund to be based on. Their efforts to ensure that the private sector be able to access funds directly from the GCF succeeded with the Transitional Committee’s proposed design that includes a private sector facility. Attempts from developing countries during the TC process and now in the COP17 process to ensure that the role of the private sector is subject to country-defined policies and priorities are being met with intense opposition.
As world leaders struggle to reach agreement at the COP17 negotiations, the COP17 civil society committee (C17) is issuing a rallying call to all South Africans to join civil society, organised labour, faith-based organisations, artists and musicians in a peaceful march through Durban on Saturday 3rd December.
DURBAN, SOUTH AFRICA, Dec. 1, 2011 – Today 163 civil society organisations from 39 countries released a letter exposing an attempt led by the US, the UK and Japan to turn the Green Climate Fund into a "Greedy Corporate Fund" at UN climate talks in South Africa. 
Civil society organizations from different countries and regions gathered at the "Speakers' Corner" near the International Convention Center to demand that governments in the climate talks renew binding agreements for developed countries and commit to ambitious targets for "deep and drastic GHG emissions cuts" immediately.