No to the World Bank and Corporate Greed in Green Climate Fund

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1st December 2011. Today different rights group’s civil society organizations organized a demonstration in a nearby junction of Durban International Conference Center where UNFCCC Conference of Parties 17 (CoP 17) is being happening. The rights group, demanded World Bank out of climate finance, they also oppose private and corporate involvement in the Green Climate Fund. The groups involved Friends of Earth (FOE), Jubilee South Asia Pacific Debt and Development (JASPMDD), World Development Movement (WDM), Pan African Climate Justice Alliance (PACJA), and a delegation from Bangladeshi BAPA, CSRL, EquityBD and NCCB.

Rezaul Karim Chowdhury from Bangladesh in the rally condemns World Bank greedy ness and eagerness to involvement in Green Climate Fund and Multi Donor Trust Fund in Bangladesh. Lidy Nacpil form JSAPMDD demanded that all the climate finance should come as climate debt reparation from developed countries and it should go through the UN process. Karen Orenstein from FoE said that all the funding in GCF should be from public funding of developed countries and it must additional to already committed 0.7 % of GNP. Kristy Right from WDM mentioned that there should not be any private funding as a part of GCF, as all the private funding always look for profit. Mithika Miwanda from PACJA mentioned that corporate greed of the private companies and international financial institutions in fact is the major cause of climate catastrophes so it should not be repeated in the GCF.

It should be noted that a number of activists from Bangladesh under a alliance of BAPA, CCDF, BIPNet, CSRL, EquityBD and NCCB are participating both in official UNFCCC process as NGO observers and also participating in the outside events especially in the civil society or people space as organized in the University of Kawanzulu Natal.

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