Adap­ta­tion Fund ad­vances work on re­source mo­bil­i­sa­tion

Jamaica Gleaner - - EARTH TODAY - Pwr.gleaner@gmail.com

AT THE con­clu­sion of its 28th meet­ing in Bonn re­cently, the Adap­ta­tion Fund Board had ad­vanced work on a re­source mo­bil­i­sa­tion strat­egy to raise be­tween US$80 mil­lion and US$100 mil­lion re­sources per year dur­ing com­ing years.

This is even as it ap­proved two new con­crete cli­mate change adap­ta­tion projects in In­dia and the Lao Peo­ple’s Demo­cratic Repub­lic, and en­dorsed eight project con­cepts in sev­eral other coun­tries, as well as two project pre-con­cepts.

“We re­ceived an un­prece­dented num­ber of pro­pos­als, and ap­proved two adap­ta­tion projects that will ben­e­fit vul­ner­a­ble pop­u­la­tions in In­dia and the Lao Peo­ple’s Demo­cratic Repub­lic, in ad­di­tion to en­dors­ing another 10 project con­cepts and pre­con­cepts,” said Adap­ta­tion Fund Board chair Naresh Sharma.

“It speaks to the grow­ing pipe­line of the fund, and its con­crete ac­tiv­i­ties to sup­port the most vul­ner­a­ble com­mu­ni­ties in de­vel­op­ing coun­tries build re­silience to cli­mate change,” added Adap­ta­tion Fund Board sec­re­tariat man­ager, Mar­cia Le­vaggi.

Al­to­gether, 28 project sub­mis­sions were re­viewed, which speaks to the high de­mand for the fund and cli­mate adap­ta­tion in de­vel­op­ing coun­tries.

Mean­while, the fund also

LE­VAGGI

ap­proved an Ad Hoc Com­plaint Han­dling Mech­a­nism for project stake­hold­ers.

“The board ad­di­tion­ally de­cided to pro­ceed with plans and re­quests for pro­pos­als to un­der­take Phase 2 of the over­all in­de­pen­dent eval­u­a­tion of the Adap­ta­tion Fund,” noted a re­lease from the fund.

“Phase 1 re­sults showed the fund to be ef­fec­tive, rel­e­vant and ef­fi­cient and an in­no­va­tive learn­ing in­sti­tu­tion, while Phase 2 will fo­cus on pro­grammes and projects. Given the high de­mand for the fund’s Pilot Pro­gramme for Re­gional Projects, the board also de­cided to con­tinue fi­nanc­ing re­gional projects and pro­grammes be­yond the Pilot Pro­gramme.”

GREEN CLI­MATE FUND

The board de­cided, too, to in­crease its link­ages with the Green Cli­mate Fund (GCF) by at­tend­ing an an­nual di­a­logue and con­tin­u­ing to dis­cuss ways to en­hance com­ple­men­tar­ity and co­he­sion be­tween the two funds.

“It also de­cided to fast-track reac­cred­i­ta­tion of its im­ple­ment­ing en­ti­ties that are also ac­cred­ited with GCF,” the re­lease said.

Pa­tri­cia Espinosa, ex­ec­u­tive sec­re­tary of the United Na­tions Frame­work Con­ven­tion on Cli­mate Change, also ad­dressed the board and praised the Adap­ta­tion Fund’s work as mak­ing “sig­nif­i­cant con­tri­bu­tions to im­ple­ment­ing con­crete adap­ta­tion ac­tiv­i­ties to re­duce vul­ner­a­bil­ity” in de­vel­op­ing coun­tries and build­ing knowl­edge, ex­pe­ri­ence and ca­pac­ity.

She said direct ac­cess is a “very im­por­tant in­no­va­tion that the Adap­ta­tion Fund has pi­o­neered” and en­cour­aged par­ties and other or­gan­i­sa­tions to con­tinue to sup­port the fund. With the Paris Agree­ment com­ing into force and the enor­mity of adap­ta­tion needs, she said adap­ta­tion fi­nance is in­cred­i­bly im­por­tant and that it is a unique op­por­tu­nity for all stake­hold­ers to scale up cli­mate ac­tions.

Since 2010, the Adap­ta­tion Fund has com­mit­ted US$362 mil­lion to sup­port 55 con­crete, lo­calised cli­mate adap­ta­tion and re­silience projects in 48 coun­tries, with more than 3.6 mil­lion direct ben­e­fi­cia­ries.

Newspapers in English

Newspapers from Jamaica

© PressReader. All rights reserved.