• Home
  • News
  • In-depth
  • Opinion
  • Energy
    • Wind
    • Marine
    • Solar
    • Biomass
    • Nuclear
    • CCS
    • Infrastructure
  • Policy
    • Politics
    • Legislation
    • Taxation
  • Management
    • Marketing
    • Risk
    • Skills
    • Incentives
    • Carbon Accounting
  • Technology
    • Waste
    • Recycling
    • R&D
    • Efficiency
    • IT
  • Investment
    • Carbon Trading
    • Offsets
    • Venture Capital
  • Net Zero Now
  • Events & Awards
  • Net Zero Festival
  • Industry Voice
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    • You are currently accessing BusinessGreen via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • Facebook
    • YouTube
    • Instagram
  • Free Trial
  • Subscribe
  • Events & Awards
    • Upcoming events
      event logo
      BusinessGreen Technology & Investment Forum 2021

      Investors and sustainable tech firms are invited to sign up to BusinessGreen's Tech & Investment Forum to explore the investment opportunities offered by the UK's fast expanding green economy.

      • Date: 12 May 2021
      • Online Event
      event logo
      NZF Pathway - Nature 2021

      Net Zero Nature brings together global experts, business leaders, NGO’s and innovators to explore why protecting and restoring nature is fundamental to global economic prosperity, investigate the transformative changes businesses must make now to avoid extinction, and consider best practices and latest developments. Register now to secure your place for a unique day of learning, leadership and practical insight.

      • Date: 27 May 2021
      • Online Event
      event logo
      BusinessGreen Leaders Awards 2021

      From blue chips and start-ups to cutting edge clean tech providers and transforming incumbents, the Awards will honour the very best of UK green business, offering a unique opportunity for the environmental business community to join together to celebrate their many successes and collaborate on the next phase of the net zero transition.

      • Date: 22 Sep 2021
      • Virtual Event, Worldwide
      event logo
      Net Zero Festival 2021

      Net Zero Festival is the world's first business festival dedicated to exploring, advancing, and celebrating the global transition to a net zero emission economy. Join us at BusinessGreen's Net Zero Festival – for leaders who won't wait until 2050 to build a better business, and a better world.

      • Date: 29 Sep 2021
      • Worldwide
      View all events
  • Net Zero Festival
Business Green
Business Green
  • Home
  • News
  • In-depth
  • Opinion
  • Energy
  • Policy
  • Management
  • Technology
  • Investment
  • Net Zero Now
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  • You are currently accessing BusinessGreen via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
  • Hot topics
  • Sixth Carbon Budget
  • Hydrogen
  • Net Zero Nature
  • Technology & Investment Forum
  • Investment

French UN official named as next chief of flagship climate fund

Yannick Glemarec / Credit: IISD/ENB | Francis Dejon
Yannick Glemarec / Credit: IISD/ENB | Francis Dejon
  • Megan Darby, Climate Home News
  • 25 February 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

Yannick Glemarec was picked from an all-male shortlist to lead the Green Climate Fund, in a key fundraising year

The Green Climate Fund has appointed a French UN veteran as its next executive director, as it gears up for a new fundraising round.

Yannick Glemarec joins the flagship fund from UN Women. He previously worked on environmental finance at the UN Development Programme.

Related articles

  • Earth Day: US and Japan confirm ambitious new climate targets
  • 'The cost of inaction is just too high': IKEA to ramp up €4bn clean tech push
  • Hotel giant Whitbread fast-tracks its net zero timeline by 10 years
  • Burger King UK vows to focus on 'meat reduction' in pursuit of science-based emissions goals

Glemarec was selected from a shortlist of three white men, beating World Bank official Ede Ijjasz-Vásquez and GCF interim chief Javier Manzanares.

He will coordinate with economist Johannes F Linn, who was named by the board to steer a replenishment drive for the fund.

Launched with $10.2bn of pledges from developed countries, the GCF is a pillar of international cooperation to tackle climate change. Its coffers are running low after the US reneged on $2bn of a $3bn pledge.

Germany and Norway have already committed to doubling their initial contributions, while other donors first want to see governance reforms.

GCF board co-chair Nagmeldin Goutbi Elhassan Mahmoud, of Sudan, said Glemarec's experience would help the fund in raising cash and "to increase our climate impact in developing countries".

His British counterpart Josceline Wheatley said Glemarec was selected from a "highly qualified pool of applicants," adding: "His experience and dynamism greatly impressed the board, and we are delighted to nominate him to lead the secretariat."

Prior to the decision, Colombian climate finance expert Paula Caballero, who reported to Glemarec at UNDP, praised his record. He was "way ahead of the curve on climate issues," she told E&E Climate Wire, and "technically very solid, visionary and a solid manager".

Having worked on the selection of the last #GCF Executive Director, and been involved in GCF for years, it's great to see a champion of women with decades of development finance.

Hopefully he can also work creatively (outside just UN frame) to fill GCF leadership gap #auspol

— Richie Merzian (@RichieMerzian) February 25, 2019

Japan's argument that as the biggest donor, it had the "largest responsibility" to make the fund run smoothly, rankled with the developing world. Its candidate, diplomat Kenichi Suganuma, did not make the shortlist.

Some sources expressed disappointment that female contender Mafalda Duarte, head of the Climate Investment Funds, was overlooked. Egyptian former board member Omar El-Arini told Climate Wire the omission "says much about gender balance".

The selection panel was made up of seven men and one woman, reflecting a male skew on the full board. It took its decision ahead of a three-day board meeting in Songdo, South Korea, where the fund is headquartered.

Glemarec inherits an organisation under pressure to show results amid fractious boardroom politics. His predecessor Howard Bamsey quit abruptly last July, at a tumultuous board meeting that failed to deliver any substantive decisions. Broadly, the tension is between developed countries trying to attach conditions to funding and developing countries arguing it is for them to decide how the money is spent.

At its next meeting in October, the board overcame its divisions to launch a replenishment process and approve 19 projects worth $1bn. However the sticky issue of how to make decisions in the absence of consensus was not resolved and will come up again this week. Several policy matters have been repeatedly deferred due to lack of unanimity.

This article first appeared at Climate Home News

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Investment
  • Policy
  • Green Climate Fund
  • Paris Agreement
  • United Nations

More on Investment

President Joe Bide | Credit: White House
    • Policy
Earth Day: US and Japan confirm ambitious new climate targets
    • Policy
    • 22 April 2021
The EU's green finance taxonomy rules have been long in development
    • Investment
'Crucial': EU unveils green finance rules as decision delayed on gas and nuclear
    • Investment
    • 22 April 2021
Credit: The Treasury
    • Policy
'We can be a green finance powerhouse': MPs urge Treasury to beef up climate plans
    • Policy
    • 22 April 2021
Boris Johnson launching COP26 at the Science Musem
    • Politics
Earth Day: Prime Minister urges world leaders not to 'throw away chance to preserve our planet'
    • Politics
    • 21 April 2021
    • Efficiency
'Action speaks louder than words': MPs call on government to replace Green Homes Grant scheme
    • Efficiency
    • 21 April 2021
    • Policy
EU approves 2030 climate goals, as US preps plan to halve emissions
    • Policy
    • 21 April 2021
Boris Johnson has been urged to ramp up net zero efforts ahead of COP26 | Credit: Chatham House
Why the Sixth Carbon Budget is a BFD
    • Editor's Blog
    • 21 April 2021
    • Investment
'We wanted to come up with something that was credible': Environment Agency Pension Fund reveals net zero plans
    • Investment
    • 21 April 2021

More news

Earth Day: US and Japan confirm ambitious new climate targets
  • Policy
Earth Day: US and Japan confirm ambitious new climate targets

Biden administration confirms new national climate action will commit US to cutting emissions by 50 to 52 per cent against 2005 levels by 2030

  • 22 April 2021
'Crucial': EU unveils green finance rules as decision delayed on gas and nuclear
  • Investment
'Crucial': EU unveils green finance rules as decision delayed on gas and nuclear

Leading finance and investment figures hail EU Commission's latest sustainable finance rules as crucial to net zero and fighting greenwashing

  • 22 April 2021
'The cost of inaction is just too high': IKEA to ramp up €4bn clean tech push
  • Energy
'The cost of inaction is just too high': IKEA to ramp up €4bn clean tech push

Ingka Group, which owns most IKEA stores worldwide, accelerates efforts to power entire value chain with its own renewables capacity

  • 22 April 2021
Hotel giant Whitbread fast-tracks its net zero timeline by 10 years
  • Net Zero Now
Hotel giant Whitbread fast-tracks its net zero timeline by 10 years

Owner of Premier Inn hotels accelerates its timeline for decarbonising its operations, vowing to achieve net zero by 2040

  • 22 April 2021
blog comments powered by Disqus
Back to Top

Most read

Glasgow Financial Alliance for Net Zero: Mark Carney to chair net zero umbrella forum for global financial sector
Glasgow Financial Alliance for Net Zero: Mark Carney to chair net zero umbrella forum for global financial sector
Shell to fund 60 million CO2 offset credits through Africa cookstoves rollout
Shell to fund 60 million CO2 offset credits through Africa cookstoves rollout
Heineken toasts new 'carbon neutral' target
Heineken toasts new 'carbon neutral' target
Amazon orders up wave of record-breaking renewables projects
Amazon orders up wave of record-breaking renewables projects
Boeing, Microsoft, and JP Morgan join sustainable aviation biofuels alliance
Boeing, Microsoft, and JP Morgan join sustainable aviation biofuels alliance
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • Facebook
  • YouTube
  • Instagram

Incisive Footer Logo

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading