Diplomatic talks to develop a multibillion-dollar global climate change fund hit a brick wall this week, and international leaders are blaming the United States and Saudi Arabia.
The implosion came late Tuesday when the United States and Saudi Arabia, for different reasons, refused to accept a draft blueprint for how the Green Climate Fund might operate. The tense meeting in Cape Town, South Africa, ended with frustrated diplomats beseeching the United States to sign off on the draft and prevent seven months of work from unraveling.
On the 6th Day of the Global Week of Action (GWA) vs Debt and International Financial Institutions (IFIs), the Freedom from Debt Coalition (FDC), Philippine Movement for Climate Justice (PMCJ) and Jubilee South Asia Pacific Movement on Debt and Development (JSAPMDD) jointly conducted an 'Embassy Caravan" earlier this morning. This forms part of the Philippine contributions to the GWA vs Debt and IFIs being observed by people's movements and NGO networks in Africa, Latin America, Asia, Europe and North America.
The Jubilee South Asia Pacific Movement on Debt and Development (JSAPMDD) joined the Freedom from Debt Coalition (FDC) and the Philippine Movement for Climate Justice (PMCJ) in a caravan in Makati City to strongly oppose any role of the World Bank in the disbursement and management of climate finance.
The protestors held demonstrations at the Embassies of Mexico, Norway and South Africa as the three countries are the co-chairs of the Transitional Committee tasked by the United Nations Framework Convention on Climate Change (UNFCCC) to design the Green Climate Fund (GCF)– a global fund that will be responsible for managing and disbursing climate finance for developing countries.
We are movements and organizations engaged in many struggles for a new world – a world in which the needs, interests, rights and aspirations of peoples everywhere have priority over the profit of corporations and the excess of elites. In the year ahead, our solidarity and collective action is extremely crucial. Climate change is already having devastating impacts globally and is accelerating. The window for preventing the breach of tipping points and stopping climate catastrophe is rapidly closing.
Thank you Chairman. My name is Manny Calonzo and I am with Global Alliance for Incinerator Alternatives. We are a member of Climate Justice Now! – a global network of movements and organizations committed to the fight for social, ecological and gender justice.
We would like to thank the co-chairs and the secretariat for distributing this meeting's materials on the website. This is a good first step toward an inclusive design process; still, better transparency is needed if the work of the Transitional Committee is to be seen by the world as legitimate. The Green Climate Fund (GCF) has to be transformational not only in how it raises resources and what it funds but also in the way it engages with and accounts to communities globally.