Tbilisi, Georgia.- dominican republic will preside, along with United kingdomthe Board of Directors of the Green Climate Fund (GCF for its abbreviation in English), the main player on the international scene of climate finance, Which directs resources to developing countries and assists them in their efforts to achieve this Mitigation and adaptation to the effects of global warming.
Choose the country and represent it Deputy Minister of Climate Change and Sustainability, Milagros de CampsIt happened last night during The thirty-seventh meeting of the Board of Directors of the Green Climate Fund, It was held on Wednesday in Tbilisi, the capital of Georgia, and a joint presidency was agreed upon with the United Kingdom.
With its history in Sustainable development, climate resilience and environmental protection, Deputy Minister De Camps brings significant experience and a deep commitment to leading the GCF Board in making decisions on critical issues and strategic actions.
“In the face of one of the most pressing challenges of our time, I am committed to working tirelessly alongside Board members to ensure the effective implementation of financial resources and support projects that enhance climate resilience and sustainable development in the most vulnerable regions.” weak in the world.
During the meeting, 15 new climate change adaptation and mitigation initiatives were also approved, including project jaia, A hybrid financing platform that allows institutional investors to deploy commercially oriented capital through local and hard currency loans.
The Gaia project will be funded Adaptation and mitigation initiatives in emerging markets, To help them meet their climate priorities, such as Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs).
De Camps commented that the Gaia project will be managed $152.5 million That would be preferable 19 countries, Among them are the Dominican Republic, Barbados, Benin, Costa Rica, Mongolia, Peru, Panama, Philippines, Kenya, Guatemala and Tanzania.
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