Green Climate Fund
institution
Rich countries promised $100 billion a year for climate aid, but the money is run through a bank that answers to its own rules.
Who they are
The Green Climate Fund, set up to channel climate money, and the World Bank, which holds and manages the Fund's money as its Trustee[1].
What they do
A climate fund that is presented as a way to help poorer countries, but its cash is administered by the World Bank under a trustee agreement.
How it works
Governments agreed to provide $100 billion a year by 2020. The Fund uses blended finance, mixing public money with private money. On 12 April 2019, the World Bank and the Fund signed an agreement for the World Bank to provide Trustee services for another 4 years. The Fund's own site states the $100bn/yr goal.
Why it matters
It shows how a promise of public climate aid is routed through a large financial institution, so the terms of how the money is held and used are set by that institution, not by the countries meant to receive it.
The engine's record — word for word
The corpus records: "And on the Green Climate Fund ’s site we find that… apparently , our governments have agreed to cough up $100bn/yr by 2020 10 !" Cross-sourced to greenclimate.fund — documents cited by the corpus and retrieved independently of it.
Follow the trail
documents
Blended financefund operationalized using blended finance [2014 Green Climate Fund operationalization, 2014] — does not establish: It does not establish that blended finance i
documents
Agenda 21SDG 13.a calls for $100bn/yr for Green Climate Fund [Transforming our World: The 2030 Agenda for Sustainable Development] — does not establish: that GCF command
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