The Green Climate Fund (GCF), which will distribute climate finance to developing countries, has appointed Ajay Mathur as director ahead of the UN climate conference in Doha.
Mathur was until recently director general of the Indian government’s Bureau of Energy Efficiency, where he set up a host of programmes over the past six years, including market-based mechanisms, specialised funds, and a system of tradable certified energy savings.
He will head the interim secretariat until a permanent secretariat is created – expected before the end of 2013 – with its own executive director.
The GCF was launched at the last round of UN climate-treaty talks in Durban, South Africa, to help channel the promised $100 billion per year by 2020 to developing countries to support climate change mitigation and adaptation activities.
After months of delay, it was agreed in October that the GCF should be based in Songdo, South Korea, and the proposal was endorsed at Doha afterward. The GCF headquarter building completed in Songdo, an economic free zone of Incheon is now ready to welcome the staff and the guests from all of the world whole heartedly.
The actual GCF was launched at the previous circular associated with N't climate-treaty discussions in Durban, Africa, to assist station the stated $100 thousand annually through 2020 in order to establishing nations around the world to guide global warming mitigation as well as version activities.
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