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importance of issuing more decisions within this working group,
as well as the status of financial issues.
Green Climate Fund (GCF)
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Upon approval to establish the Green Climate Fund (GCF), several
major questionswere raisedabout howtooperate the fund, its relationship
with the negotiations on climate change, especially with mitigation,
technology, adaptation, capacity building, and how to cooperate with
the entities such as the Technology Executive Committee, Adaptation
Committee, and Standing Committee on Finance.
Commitment to supporting the fund with $100 million annually by
2010. Identifying the sources of climate finance and the role of private
sector. Developed countries confirmed mobilization of the private sector
by setting strong investment incentives. Developing countries view
that private sector finance should not come on account of the public
financing liabilities, technology and capacity building. This discussion
will continue even after Doha about identifying the role of private sector
and the irrelevant issues of incentives and stability.
Capacity building: On the capacity building side, areas of agreement
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were as follows:
Capacity building is essential for any agreement on climate change
•
and supporting it with financial and technological assistance.
Capacity building needs provision of practical information about
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the best practices and policies aimed at implementation.
Cooperation, coordination and participation at highest levels to
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make the capacity building activities effective at national and
sub-national levels.
It should be noted that during Thailand meeting 2012 there were
variant viewpoints about how to treat the pending issues of LCA,
representing the role of private sector in capacity building, identification
of the performance indicators to review the capacity building, methods
of observation and review, and linking capacity building with finance
to developing countries.
