These design aspects of the GCF are crucial, and the Board must get them right in order to ensure that the GCF benefits the world's most vulnerable in a sustainable and inclusive manner. But a larger question looms over the whole affair. Where is the money?
Developing nations see much to benchmark in Korea in terms of infrastructure, government and technology -- precisely because Korea is not so far from where they are now. Korea is a middle power that could succeed where others have failed.
COP18 demonstrated that we can no longer put our faith in politicians to make the tough decisions we need to avert catastrophic climate change. They have ignored the greatest challenge we face in the world today.