Salceda voted chief of $100-B UN Green Climate Fund
MANILA - Albay Governor Joey Salceda was elected unopposed as co-chair of the United Nations Green Climate Fund with a budget worth $100 billion.
Salceda said he wants the Fund to work for developing countries, including Small Islands Developing States, Least Developed Countries, Africa, and highly vulnerable communities in the the Philippines, Indonesia, and Bangladesh.
Salceda said the Fund should lead to positive changes in the lives of ordinary people.
Established by the Conference of the Parties to the United Nations Framework Convention on Climate Change in December 2011, the Fund is intended to help developing countries adapt to the impacts of climate change.
The 24-member board oversees the operation of the Fund as well as approves the funding of projects in line with principles, criteria, modalities, policies and programs.
The Fund has pledges worth $100 Billion.
The operationalization of the fund is expected by 2014.
Manfred Konukiewtz of Germany, on the other hand, was elected to represent developed countries.