Media Center
2018-10-15
The Kingdom of Bahrain hosts the GCF
H.E. Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, congratulates H.M. King Hamad bin Isa Al Khalifa, King of Bahrain, on hosting the 21st meeting of the Green Climate Fund (GCF) in the Kingdom of Bahrain, as the first Gulf country, from 15 - 21October, 2018. There will be a wide participation of official countries representatives and relevant international organizations from around the world to facilitate funding for the vital projects in addressing the phenomenon of climate change.
H.E. the Minister of Oil highly valued the pioneering role played by the Kingdom of Bahrain at the regional and international levels in addressing the phenomenon of climate change, which is currently the matter nowadays; and which has acquired the greatest interest within the discussions of the presidents and ministers during international forums and meetings. Especially as the GCF is an important financing mechanism for developing countries to implement sustainable development projects in the areas of adaptation, mitigation of climate change and fulfilment of their commitments to the Paris climate agreement.
The meeting focuses on discussing the support and funding provided by the GCF to the countries, in order to assist them in implementing their climate change adaptation and mitigation projects and programs and the ways and procedures required to obtain funding. Investment opportunities for adaptation and mitigation projects for each state will also be presented during the meetings, as well as a number of panel discussions and bilateral meetings between the fund, governments and international organizations.
On the other hand, H.E. the Minister praised the tireless efforts of NOGA's team in hosting this important event, which is a clear indication of the good reputation of the Kingdom of Bahrain and the tireless efforts in the areas of adaptation and mitigating of the effects of changes and fulfilment of their commitments to the Paris climate agreement. The Kingdom of Bahrain has excelled in the international and Middle Eastern arena in the industry of conferences and specialized exhibitions, which clearly reflects the Kingdom of Bahrain's desire to provide all kinds of support and assistance in attracting all international events. H.E. also noted the importance of meetings between participants and specialists in this global event as a unique high-level platform for exchanging knowledge, views and experiences and taking the necessary positions towards this global climatic phenomenon.
It should be noted that the GCF was established at the Sixteenth Conference of the United Nations Framework Convention on Climate Change in 2010. The headquarters of its secretariat is located in Songdo, Incheon, West Seoul, South Korea, where the fund promotes a paradigm shift towards low-emission development pathways adaptable to climate change. The GCF provides fund and support to the developing countries, in order to reduce Greenhouse gases (GHG) emissions of harmful gases and to adapt to the effects of climate change. It is supervised by a board of directors of 24 members of various nationalities representing developing and equally developed countries, to help developing countries to mitigate and adapt to climate change. Projects and programs proposed by developing countries are financed while ensuring that they are managed in a transparent manner, as funds available within the GCF, as a whole, are voluntary contributions from developed countries as well as contributions from a number of developing countries.
