Pledges to climate fund welcomed by UN chief

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Renewable Energy Solar Panels in Tokelau. UN Photo/Ariane Rummery (file photo)

Financial pledges of more than US$9.3 billion made by Governments towards a fund to help developing countries cope with climate change has been welcomed by the UN Secretary-General.

The Green Climate Fund (GCF) will support developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of changing climatic conditions.

A donor conference has been taking place in Berlin, Germany on Thursday.

UN Spokesperson , Vannina Maestracci, said the Secretary-General welcomed the commitments.

"These developments demonstrate that Governments increasingly understand both the benefits derived from climate action and the growing risks of delay. It also provides much needed public finance which is key to unlocking investments at a much larger scale from private sources."

Climate finance is seen as an important part of securing an international climate agreement in Paris in 2015 and for catalysing action on the ground.

It's hoped that ultimately the Green Climate Fund will channel up to US$100 billion annually for climate change initiatives.

Stephanie Castro, United Nations

Duration: 1’10″

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