GCF Inaugural Board Meeting Elects Co-Chairs, Agrees on Process for Selecting Host

25 August 2012: The first Board meeting of the Green Climate Fund (GCF) considered the work plan of the Board, and initiated the work towards the operationalization of the Fund. Key outcomes of the meeting include the election of the Board's Co-Chairs and adoption of a decision on how to conduct the process to select the host country of the Fund.

The meeting, which took place from 23-25 August 2012, in Geneva, Switzerland, elected the following Board Co-Chairs, who will serve for a period of one year: Zaheer Fakir, Acting Deputy Director‐General for International Cooperation and Relations in South Africa's Department of Environmental Affairs; and Ewen McDonald, Deputy Director General of the Australian Agency for International Development (AusAID).

Participants also adopted a decision on how to select the host country of the GCF based on the following offers: Bonn, Germany; Mexico City, Mexico; Windhoek, Namibia; Warsaw, Poland; New Songdo City, Republic of Korea; and Geneva, Switzerland. The host offers, along with the decision on how to conduct the selection, will be forwarded to the 18th session of the Conference of the Parties (COP 18) to the UNFCCC, to be held in Doha, Qatar, from 26 November - 7 December 2012.

The Board agreed to convene its second meeting in Songdo, Republic of Korea, from 18-20 October 2012. [Green Climate Fund Press Release, 25 August 2012] [Green Climate Fund Press Release 23 August 2012] [UN Press Release]