Panama offers $ 1 million to the Green Climate Fund
Negotiations are starting to warm up here at COP20 and you can see the positive movement of some countries.
By Daniele Savietto
Today Panama has agreed to put $1 million into the Green Climate Fund (GCF) and called on other countries to present their commitment in figures.
The Green Climate Fund (GCF) was a measure passed in 2010 during the COP16, where it was agreed that developed countries would channel $100 billion by 2020, the Fund currently has approximately $10 billion.
This money is meant to be invested to help the most vulnerable countries cope with the impacts of climate change.
We expect to see a gradual participation of countries, so by the 12th, there is a value that approximates the provisions of the agreement.