[Deuda-QdQ] urgente - se buscan firmas - Multinacionales fuera de la financiación climática (carta para Durban)

[Tom Kucharz - Ecologistas en Acción]

Querid en s compañer en s,

la campaña "Banco Mundial fuera del Clima" y otras redes/organizaciones 
estamos promoviendo una carta a las/os responsables de las negociaciones 
en la cumbre de cambio climático -COP17 en Durban- sobre el Fondo Verde 
para el Clima, exigiendo que el fondo y la financiación climática quede 
fuera del control y los intereses de las corporaciones transnacionales 
(véase carta abajo).

Ya han apoyado la carta más de 80 organizaciones.

-> *BUSCAMOS MÁS FIRMAS DE ORGANIZACIONES*, por favor discuten la carta 
y en caso que tenga su apoyo, firmen directamente aquí: 
https://docs.google.com/spreadsheet/viewform?formkey=dF9sU3lsS0UydllDWmlyVWNyUE5ONVE6MQ.

Fecha límite: Miércoles, 30 de noviembre.

Muchas gracias por su apoyo.

Un abrazo,

Tom Kucharz
Ecologistas en Acción


*LETTER FOR ORGANIZATIONAL SIGN-ON*

Dear Members of the Transitional Committee and Chairs of Country Groupings:

We are civil society organizations and social movements deeply concerned 
about the current direction of the Green Climate Fund (GCF). We worry 
that it may be turned into a ‘Greedy Corporate Fund’ serving the 
interests of the corporate and financial sectors, instead of financing 
activities to save the planet and protect the poor in developing 
countries. We are especially concerned with proposals for establishing a 
private sector facility in the Green Climate Fund (GCF) that could allow 
multinational corporations to directly access GCF financing for 
activities in developing countries, bypassing those countries’ governments.

We believe that the role of the private sector in the GCF must be 
decided, managed, regulated and incentivized at the national and 
sub-national levels in line with countries’ preferences and needs, not 
corporate bottom lines. We therefore strongly object to any resources 
going from the Green Climate Fund directly to the private sector, 
particularly through the establishment of a private sector facility.

An effective global climate fund must support people in developing 
countries, in both the public and private sectors, to fight against 
climate change. Therefore, we expect the GCF to contribute to 
sustainable, vibrant local economies in developing countries. The GCF’s 
purpose is not to subsidize multinational corporations or financial 
institutions.[1]  However, as currently written in the final report of 
the Transitional Committee for the Design of the Green Climate Fund to 
the Conference of Parties, the Fund could do just that: “The Fund will 
have a private sector facility that enables it to directly and 
indirectly finance private sector mitigation and adaptation activities 
at the national, regional and international levels.”

Few adaptation measures in developing countries will be attractive to 
the private sector, as they will not generate revenue. Some key 
mitigation programs, including efforts to encourage energy access for 
the poor, may also not be financially lucrative. Yet it is investment in 
these public goods on which the GCF must focus. A private sector 
facility could instead lead to the diversion of scarce climate finance 
resources away from investment in public goods toward private sector 
subsidies for profit-making endeavors.

Further, the Green Climate Fund should avoid being linked with carbon 
markets and other risky financial instruments. For example, carbon 
derivatives markets have been plagued with market and environmental 
integrity scandals, and have not offered strong prices and sustained 
revenues. Rather, carbon prices have been extremely volatile and, as of 
late, very low. A private sector facility linked to carbon markets will 
not provide a reliable stream of finance to developing countries for 
adaptation and mitigation.  Further, according to the UN Climate 
Convention, finance is to be provided in the form of grants and 
concessional loans.

The GCF is critically needed to support developing countries in 
confronting the climate crisis. However, it must not serve to subsidize 
transnational corporations or financiers; the GCF must not have a 
private sector facility.

Thank you for your urgent consideration of these pressing matters.

[1]For example, from 2008 to 2010, 63 percent of all International 
Finance Corporation investment in low income countries went through 
multinational corporations from OECD countries.