ECO is troubled by recent revelations about bilateral finance for coal-fired power plants being counted towards climate finance obligations under Fast Start Finance. ECO is also concerned that the Green Climate Fund Board has not explicitly ruled out the possibility that the GCF might fund fossil fuel projects. It seems painfully obvious that something called the Green Climate Fund should not support coal-fired power plants, but the experience of Fast Start Finance clearly shows that strict rules are needed. In May, over 250 movements and organisations from developing countries – representing people bearing the brunt of climate impacts – wrote … Continue reading No Coal in the Green Climate Fund!