Concerns over World Bank climate investment funds: letter from UK NGOs to UK Secretary of State

Letter from 22 UK non-governmental organisations to the UK Secretary of State for International Development, Douglas Alexander regarding the recent proposal to set up a series of multi-billion dollar climate investment funds at the World Bank, in which the UK, along with Japan and US have been heavily involved. Concerns relate to the fact that the funds will undermine and bypass official UNFCCC processes; could imply support for the US major emitters meeting process, which lies outside the UN track of negotiations on a post-2012 framework; and would be largely donor driven- with limited opportunities for many developing countries to participate equitably.