Climate fund head seeks green turning point from virus crisis

August 1, 2020 EcoVadis ‏‏‎


As the world plans its economic recovery from the coronavirus pandemic, it faces a crossroads - turn towards a greener, more resilient future or tip into a carbon-heavy trap that fails to limit global warming, a top climate finance official said.

Yannick Glemarec, executive director of the multi-billion-dollar Green Climate Fund (GCF), said the jury was still out on which direction will be taken, as governments are still deciding stimulus spending.

“If we can succeed in greening the economic stimulus measures, we will be able to effect a major course correction - one of the greatest ones in history,” he told the Thomson Reuters Foundation in an interview.


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