WMO and the Green Climate Fund (GCF) have signed a formal agreement to work together to leverage WMO expertise on weather, climate and water to increase the effectiveness of GCF funded activities and support low carbon and climate resilient development.
Under a new Memorandum of Understanding (MOU), WMO will support GCF-accredited entities to maximize the benefits of their investments in hydrological and meteorological systems and associated climate information services. The aim is to bring the best available science into climate finance at a time when climate finance opportunities and climate risks are both increasing.
The agreement was signed by WMO Secretary-General Petteri Taalas and GCF Executive Director ad interim Javier Manzanares on 10 December after a ministerial level session on climate financing at COP24 in Poland.
The new partnership will further collaboration by:
- Exploring programme coordination opportunities to maximize the impact of investments in hydrological and meteorological systems and associated climate information services.
- Using WMO-led initiatives, such as the Global Framework for Climate Services (GFCS) and the Integrated Global Greenhouse Gas Information System (IG3IS), which focus on low emission, climate resilient and sustainable development, to increase the coherence and effectiveness of GCF investments.
- Ensuring that GCF-funded projects and activities that involve hydrological and meteorological services and systems benefit from WMO standards and regulations.
The new MOU with the GCF is a pragmatic example of effective collaboration between climate science and finance institutions to ramp up the effectiveness of climate action.