Héla Cheikhrouhou, the Executive Director of the newly-established UN Green Climate Fund has assured that the mechanism does not seek to be bureaucratic and developing countries can choose the projects they want prioritised.
“We will adopt a country-driven approach,” Cheikhrouhou, a Tunisian national, told a full house at the Pegasus Hotel on Tuesday evening, when she delivered the Caribbean Development Bank’s (CDB) 15th William G. Demas Memorial Lecture. “The Fund is now ready for business,” she said to applause from those gathered including Prime Minister Sam Hinds and Prime Minister of St. Kitts and Nevis Dr. Denzil Douglas, among other dignitaries.
The Green Climate Fund is a new multilateral fund that was agreed by Parties at the 2010 United Nations Framework Convention on Climate Change conference held in Cancun, Mexico, and designated as an operating entity of the Convention’s financial mechanism. The Fund’s purpose is to promote, within the context of sustainable development, the paradigm shift towards low-emission and climate-resilient development pathways by
