Ms Siobhan Curran:

We are sceptical of the World Bank as the host of the fund, particularly because the World Bank is associated with loans. It is a donor-driven model. The power of the US as a shareholder in the World Bank raises questions. We have concerns. The transitional committee proposal has listed conditionalities for the World Bank to meet if it is the interim host. That is important. If the World Bank can meet those conditionalities and developing countries accept it in the interim, we can see how that works out. From our perspective, we really want to see an independent fund under the UNFCCC.