COP blog: Big dams must not be allowed to sink the Green Climate Fund

(Environmental Finance, 15 November 2016, Washington) On a promising note, the US recently led successful opposition to official partnerships between the GCF and export credit agencies. In arguing against the GCF partnering with the Export-Import Bank of Korea, US board member Leonardo Martinez-Diaz said: "We do not think it is proper to channel [GCF resources] through entities whose job is export promotion." Touché! But the US should consistently apply that principle; it currently counts some US export credit agency financing toward its contribution to the $100 billion.