Adap­ta­tion Fund de­fies COVID-19

Jamaica Gleaner - - EFAERATUHR­TEODAY | | - Pwr.gleaner@gmail.com

IN A show of ver­sa­til­ity and ef­fi­ciency in a time of COVID-19, the Adap­ta­tion Fund Board has given the go-ahead for six new con­crete projects to­talling over US$31 mil­lion through a vir­tual de­ci­sion-mak­ing process that con­cluded last month.

“This marks the first cli­mate fund to date that has made fund­ing de­ci­sions for con­crete projects dur­ing the pan­demic. It is a tes­ta­ment to the nim­ble­ness, ver­sa­til­ity and flex­i­bil­ity of the fund to adapt to these cir­cum­stances and carry the ro­bust project re­view process to com­ple­tion,” said Adap­ta­tion Fund Board Chair­man Ibila Djib­ril of Benin.

Those given im­me­di­ate ap­proval were five sin­gle-coun­try projects in Pak­istan, United Repub­lic of Tan­za­nia (two), Tu­nisia and Viet Nam, to­talling about US$24.6 mil­lion.

A sixth US$6.5-mil­lion re­gional project in the Cen­tral Asia re­gion was also tech­ni­cally cleared for ap­proval and will be funded once new re­sources un­der the fund’s win­dow for re­gional projects and pro­grammes are made avail­able. The board ex­pects this to be done shortly in the up­com­ing fis­cal year that be­gins July 1.

VERY PLEASED

“I am very pleased to see the Adap­ta­tion Fund con­tinue to de­liver to those most vul­ner­a­ble to cli­mate change, par­tic­u­larly in view of the novel COVID-19 global pan­demic. It is also great to see com­mend­able ef­forts con­tin­u­ously be­ing made by de­vel­op­ing coun­tries, such as Tan­za­nia, to build ex­cel­lent tech­ni­cal ca­pac­i­ties through na­tional im­ple­ment­ing en­ti­ties that al­low them to de­velop con­crete and ef­fec­tive adap­ta­tion projects,” Djib­ril noted.

The projects in Tu­nisia and Viet Nam are the fund’s first in those coun­tries, while the Cen­tral Asia project marks its first re­gional project in that re­gion. The Tan­za­nia projects are both Di­rect Ac­cess projects from which Ja­maica has also ben­e­fited in past.

Fur­ther, an in­ter­s­es­sional record 18 project pro­pos­als to­talling US$93.5 mil­lion in pro­posed fund­ing were re­viewed and con­sid­ered dur­ing the process, re­flect­ing the con­tin­ued ur­gency for cli­mate fi­nance and adap­ta­tion needs among the most vul­ner­a­ble coun­tries.

The de­ci­sions were moved to an online in­ter­s­es­sional for­mat con­ducted by email vote from the board’s orig­i­nally sched­uled in-per­son meet­ing in Bonn, Ger­many, which was post­poned ini­tially from March 31-April 3 and then again from June 23-26, due to the on­go­ing pan­demic.

The new ap­provals bring the fund’s to­tal num­ber of con­crete adap­ta­tion projects on the ground to 106, and its com­mit­ted funds to about three-quar­ters of a bil­lion US dol­lars.

“We are proud of the fact that the Adap­ta­tion Fund has been able to con­tinue to reach the most vul­ner­a­ble dur­ing these chal­leng­ing times, in­clud­ing two Di­rect Ac­cess projects, as well as to first-time funded coun­tries such as Tu­nisia and Viet Nam, and the first re­gional project in the Cen­tral Asia re­gion,” said Adap­ta­tion Fund Man­ager Mikko Ol­likainen.

“The projects have prac­ti­cal and in­no­va­tive mea­sures that will help coun­tries build re­silience to cli­mate change, while en­hanc­ing water and food se­cu­rity, sus­tain­able liveli­hoods and ecosys­tem re­silience that are cru­cial now more than ever,” he added.

OL­LIKAINEN

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