Green Climate Fund wants to allocate money before Paris conference

T

he Green Climate Fund, which is due to deliver billions of dollars to help poorer nations deal with climate change in the coming years, is aiming to allocate money to a first set of projects in November, ahead of a major U.N. climate conference in Paris.

Executive director of
the Green Climate Fund,
Héla Cheikhrouhou.

Héla Cheikhrouhou, executive director of the fund, told journalists she hoped some proposals would be approved by its board at a meeting in Zambia from November 2 to 5.

“It is good that we are starting with a manageable number of projects that are fully prepared and appraised, and ready for an investment decision,” she said.

The board will consider eight proposals, which would require a total of $168 million in funding. They were selected from 37 proposals submitted since July.

Read the World Economic Forum story - “New funds to help poorer nations adapt to climate change.”