Liberia has been elected as a member on the Board of Directors of the Green Climate Fund replacing Malawi.
The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. The fund would help developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change.
The Fund also pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDC), Small Island Developing States (SIDS), and African States.
According to a release from the Environmental Protection Agency (EPA), Liberia was elected on the Green Climate Fund Board at the United Nation Climate Change Conference currently taking place in Bonn, Germany. The Green Climate Fund is governed by a Board of 24 members – equally drawn from developed and developing countries – selected with the consistent aim towards an overall gender-balanced membership.
Liberia was elected on the board to represent 47 countries considered Least Developed Countries (LDCs), following an intensive and competitive electoral process. The National Coordinator of the National Climate Change Secretariat at the Environmental Protection Agency (EPA) of Liberia, Jeremiah Garwo Sokan, Sr., would represent the LDCs on the board from 2018 to 2019.
LDCs are countries which are mainly vulnerable to climate change, but have done the least to cause the problem. LDCs would work together at the intergovernmental negotiations under the United Nation Funds for Convention on Climate Change (UNFCCC) to demand wealthier nations act in accordance with their responsibility for creating the problem and addressing it and to as well play a leadership role in global efforts to prevent dangerous climate change.
The Liberia’s election on the LDCs board will leverage her more latitude to negotiate additional funding to enhance the country’s efforts in mitigating and adapting to the threats of climate change.
The Green Climate Fund launched its initial resource mobilization in 2014, and rapidly gathered pledges worth US$ 10.3 billion. These funds come mainly from developed countries and also from some developing countries, regions, and one city- Paris.