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The Green Climate Fund will be front and center at the upcoming UNFCCC talks in Durban, South Africa. Please consider signing on to the following urgent letter to ensure that the Green Climate Fund finances activities to save the planet and protect the poor in developing countries, rather than subsidizing transnational corporations and financiers. To sign on, please click here https://docs.google.com/spreadsheet/viewform?formkey=dF9sU3lsS0UydllDWmlyVWNyUE5ONVE6MQ, and add your organization, country, and email contact. The deadline for signatures is November 28.

Dear Members of the Transitional Committee and Chairs of Country Groupings:

We are civil society organizations and social movements deeply concerned about the current direction of the Green Climate Fund (GCF). We worry that it may be turned into a 'Greedy Corporate Fund' serving the interests of the corporate and financial sectors, instead of financing activities to save the planet and protect the poor in developing countries. We are especially concerned with proposals for establishing a private sector facility in the Green Climate Fund (GCF) that could allow multinational corporations to directly access GCF financing for activities in developing countries, bypassing those countries' governments.

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Rights campaigners yesterday opposed privatisation of education and healthcare services, saying that privatisation will take these facilities beyond the reach of majority of the population, including the poor.

Instead of privatisation, they demanded an increase in allocation for ensuring education, health, water and electricity for all.

These areas – food, education and health – offer scope to make more money, they said.

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Cape Town, 19 Oct (Meena Raman) – In a night of drama at the meeting of the Transitional Committee to design the Green Climate Fund (GCF) under the UN Framework Convention on Climate Change (UNFCCC) held in Cape Town, South Africa on 18 October, the US withheld consensus to the adoption of the report of the Committee, which was transmitted to the 17th meeting of the Conference of Parties (COP17), to be held in Durban, South Africa in late November this year, for its approval.

At the meeting, Saudi Arabia also did not give its consent to the adoption of the report.

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The Green Climate Fund which developing countries are relying on to support their actions against global warming suffered a setback when a committee designing the fund could not agree on recommendations to give to the United Nations Climate Convention.

Last week, the transition committee held its final meeting in Capetown, South Africa. A draft of the instrument of the Fund (containing its aims, governing structures and functions) prepared by the committee's Co-Chairs was not agreed to by two members, the United States and Saudi Arabia.

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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.