The Green Climate Fund (GFC) is a unique global platform to respond to climate change by investing in low-emission and climate-resilient development. GCF was established to limit or reduce greenhouse gas (GHG) emissions in emerging countries, and to help vulnerable societies adapt to the unavoidable impacts of climate change. Given the urgency and seriousness of this challenge, the Fund is mandated to make an ambitious contribution to the united global response to climate change.
The impact of human-induced climate change we see today on planet earth is unprecedented. Long-term changes in the earth’s climate system have been significant and are occurring more rapidly than in the past. Continued emissions into the earth’s atmosphere are projected to cause further warming and increase the likelihood of severe, pervasive, and irreversible effects on every continent. In addition, climate change has a disproportionately stronger impact on the lives and livelihoods of those societies which depend on the natural environment for their day-to-day needs.
Responding to this challenge requires collective action from all countries – by actors in both the public and private sectors. Among these concerted efforts, advanced economies have formally agreed to jointly mobilize USD 100 billion per year by 2020, from a variety of sources, to address the pressing mitigation and adaptation needs of emerging countries. Governments also agreed that a share of new multilateral funding should be channeled through the newly established Green Climate Fund.
The WOIMA Ecosystem tackles the climate change challenge head on. Utilizing waste as a raw material for waste-to-value solutions has the potential of reducing global greenhouse gas emissions by 10% – the amount currently generated by decomposing waste in landfills and dumpsites.