Active Observer for PSOs - Developing countries constituency
EcoSecurities' CEO, Pablo Fernandez, was selected to be a Green Climate Fund Active Observer for Private Sector Organisations
13 March 2020, GENEVA – During three days, this week, took place in Geneva the Twenty-fifth meeting of the Green Climate Fund Board. The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. The Board of the GCF generally holds three meetings per year, attended by a selective group of specialists, including observers from civil society and private sector organisations, National Designated Authorities (NDAs), which are the national conduits to the Fund, and Accredited Entities and other partners who assist in delivering climate finance to developing countries. The GCF Board grants four Accredited Observers access, known as Active Observers, to its meetings. Active Observers may intervene upon invitation of the Co-Chairs in open segments of the meetings of the Board. Pablo Fernandez, CEO of EcoSecurities, was selected earlier this year Active Private Sector Observer for 2020 - 2021, representing developing countries. Fernandez was nominated by the International Emissions Trading Association (IETA). Private Sector Observers help shape GCF regulations to enable greater private sector participation. "Governments and society already understood that private sector engagement will be crucial to solve the climate change problem, especially in emerging economies. We hope that during this meeting we can build bridges and bring together private sector, international multi-lateral bodies and governments on increasing climate ambition and developing innovative climate finance solutions.", said Pablo Fernandez.
About EcoSecurities EcoSecurities is a pioneer in carbon markets and greenhouse gas (GHG) mitigation projects worldwide. EcoSecurities specialises in sourcing, developing and financing projects with a positive environmental impact. Founded in January 1997, ten months before the Kyoto Protocol, EcoSecurities was one of the main private sector actors contributing to the evolution of international carbon markets and policies. EcoSecurities Group was recently acquired by its former manager Pablo Fernandez. The company has been restructured to participate in a new phase of carbon and environmental markets. The initial focus of the company is on reactivating its carbon projects portfolio and the origination of new projects. EcoSecurities will also engage on the development of Nature Based Solutions as well as on designing new environmental finance solutions related to sectors such as plastics recycling, recovery and sustainable agriculture.
About IETA The International Emissions Trading Association (IETA) is a non-profit business association, established in 1999 to serve businesses engaged in market solutions to tackle climate change. In 2019, IETA celebrated its 20th year. IETA's membership includes leading international companies from across the carbon trading cycle. IETA members seek to develop an emissions trading regime that results in real and verifiable greenhouse gas emission reductions, while balancing economic efficiency with environmental integrity and social equity.
About Green Climate Fund The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. It was set up by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010. GCF has a crucial role in serving the Paris Agreement, supporting the goal of keeping average global temperature rise well below 2 degrees C. It does this by channelling climate finance to developing countries, which have joined other nations in committing to climate action.
The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.
GCF aims to catalyse a flow of climate finance to invest in low-emission and climate-resilient development, driving a paradigm shift in the global response to climate change.
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