25 countries pledge 9.3 billion USD to the UN Green Climate Fund

The funding enables the GCF to channel new, additional and predictable financial resources to developing countries to support the paradigm shift towards low-emission and climate resilient development pathways – mitigating 1.5 to 2.4 gigatonnes of carbon dioxide equivalent – and enhancing the resilience of up to 900 million people.

Ms. Svenja Schulze, Federal Minister for Economic Cooperation and Development, Germany said the conference in Bonn sends a signal of solidarity that the world is standing together in the fight against climate change.

Many pledges were made today, and more will follow before the UN Climate Summit in December, she said.

This will enable the Green Climate Fund to continue and further advance its important work in emerging and developing countries.