The Sangha Tri-national Trust Fund (FTNS) joins the group of observer members of the Green Climate Fund (GCF), one of the world leaders in the fight against climate change. As a result of this accreditation, the trust fund is now part of the restricted circle of private sector observers (which has only 85 members worldwide, including 8 from Africa) as the first organisation from Central Africa. The news was made public on February 18 2019 through decision B.BM-2019/05.
FTNS will now be able to benefit from certain advantages, including access to information on global trends in climate change financing and the possibility of being selected as an active observer. This possibility could allow the Trust fund to intervene at the invitation of the co-chairs at Board meetings public meetings or to attend as an observer, Board committee meetings or working groups in special circumstances and with the express authorization of the Board.
The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.
It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.