The Ministry of Finance on Thursday said it would offer the 'vision statement' for planned $100 billion a year Green Climate Fund (GCF).
The GCF was launched in 2010 by UNFCCC. The proposed fund targets to spend for climate change projects across the globe.
The GCF board has 24 members with equal representation from developed and developing countries.
"The vision statement would set out the objectives of the fund and rules to spend them. All issues would be discussed in Berlin in March," Dipak Dasgupta, Principal Economic Adviser and Head of Climate Change Finance at Ministry of Finance told Business Line.
The GCF is targeting to add nearly 109 countries and the fund is expected to be launched at the earliest, Dasgupta added.
Dasgupta represents India on GCF Board.
"In this, we believe that the GCF must make a significant difference to financing climate change mitigation and adaptation efforts in developing countries in next few years," an official statement said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.