Preety Bhandari

Former Chief of the Climate Change and Disaster Risk Management Thematic Group, ADB

Preety was responsible for providing policy and strategic direction to ADB’s climate change program. Prior to joining ADB, she headed the Finance, Technology and Capacity Building Program of the secretariat of the UN Framework Convention on Climate Change and has also worked as the Director of the Policy Analysis Division at The Energy and Resources Institute in India.

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Will the Green Climate Fund Pledges Create a Momentum for Ongoing Climate Negotiations?

The recent formal pledging session for the Green Climate Fund (GCF)—more than $9 billion in just 5 months—is by far the most successful resource mobilization ever seen for a multilateral climate fund. The US has pledged $3 billion, followed by Japan ($1.5 billion), UK ($1.13 billion), and Germany and France (with $1 billion each). Four developing countries—Indonesia, Mexico, Mongolia, and Panama—have made pledges, breaking the traditional donor boundaries. 

Preety Bhandari