Statement attributable to the Spokesman for the Secretary-General on surpassing the US$10 billion pledge mark for the Green Climate Fund

The Secretary-General welcomes all pledges that have been made to date to the Green Climate Fund. With the announcements of new pledges made at the UN Climate Conference in Lima, including from developing countries and the host country Peru, the $10 billion goal for the initial capitalization of the Fund has been surpassed. The Secretary-General is confident this initial capitalisation will enhance trust among Parties who have been working together for the last two years to craft a new climate change agreement by next year. The initial capitalisation is a down payment not only on trust but also on action for reducing emissions and building climate resilience in developing countries. This is just a beginning but it will spur further momentum to define a credible pathway to ramp-up climate finance to $100 billion a year by 2020. The Secretary-General calls on all countries to deliver on their pledges as soon as possible and for more Governments to contribute to climate finance.